Beyond, Inc. (NYSE:BYON) Given Consensus Rating of “Hold” by Brokerages

Beyond, Inc. (NYSE:BYON) has been assigned an average recommendation of “Hold” from the eight analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $16.50.

Several equities research analysts recently commented on the company. Maxim Group decreased their target price on Beyond from $33.00 to $26.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Needham & Company LLC reaffirmed a “buy” rating and set a $13.00 price objective on shares of Beyond in a research report on Wednesday, October 23rd. Jefferies Financial Group lowered their price objective on shares of Beyond from $14.00 to $11.00 and set a “hold” rating for the company in a research note on Monday, September 23rd. Bank of America lowered shares of Beyond from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $12.50 to $6.00 in a research note on Friday, October 25th. Finally, Barclays decreased their price target on shares of Beyond from $14.00 to $8.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th.

Insider Buying and Selling at Beyond

In related news, Chairman Marcus Lemonis acquired 156,985 shares of the stock in a transaction dated Sunday, October 27th. The stock was purchased at an average cost of $6.37 per share, with a total value of $999,994.45. Following the completion of the purchase, the chairman now directly owns 365,530 shares in the company, valued at $2,328,426.10. This trade represents a 75.28 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Beyond

Several institutional investors have recently bought and sold shares of the stock. Royce & Associates LP boosted its holdings in Beyond by 57.8% during the 3rd quarter. Royce & Associates LP now owns 845,977 shares of the company’s stock worth $8,527,000 after acquiring an additional 309,810 shares during the last quarter. Boston Partners purchased a new position in Beyond during the first quarter worth about $2,152,000. Rhumbline Advisers purchased a new position in Beyond during the second quarter worth about $1,001,000. ProShare Advisors LLC bought a new stake in Beyond in the 2nd quarter worth about $3,800,000. Finally, Sanctuary Advisors LLC purchased a new stake in Beyond in the 2nd quarter valued at about $650,000. Institutional investors own 76.30% of the company’s stock.

Beyond Stock Performance

Shares of Beyond stock opened at $6.07 on Thursday. The business has a 50-day moving average price of $8.20 and a two-hundred day moving average price of $11.26. Beyond has a 1-year low of $5.57 and a 1-year high of $37.10. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 0.17. The company has a market cap of $279.52 million, a P/E ratio of -0.82 and a beta of 3.70.

Beyond Company Profile

Beyond, Inc operates as an online retailer of furniture and home furnishings products in the United States and Canada. The company offers furniture, bedding and bath, patio and outdoor gear, area rugs, tabletop and cookware, décor, storage and organization, small appliances, home improvement, and other products under the Bed Bath & Beyond brand.