Beyond, Inc. (NYSE:BYON) Receives Average Recommendation of “Hold” from Analysts

Beyond, Inc. (NYSE:BYON) has earned an average rating of “Hold” from the nine research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $16.50.

A number of brokerages have recently issued reports on BYON. Barclays dropped their price target on shares of Beyond from $14.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. Needham & Company LLC restated a “buy” rating and issued a $13.00 target price on shares of Beyond in a report on Wednesday, October 23rd. Piper Sandler lowered their price objective on Beyond from $14.00 to $8.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Argus downgraded Beyond from a “hold” rating to a “sell” rating in a research note on Wednesday, December 18th. Finally, Bank of America cut Beyond from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $12.50 to $6.00 in a research note on Friday, October 25th.

Beyond Price Performance

Beyond stock opened at $5.09 on Monday. The stock’s 50 day moving average is $6.72 and its 200 day moving average is $9.95. Beyond has a one year low of $4.90 and a one year high of $37.10. The firm has a market cap of $234.37 million, a P/E ratio of -0.69 and a beta of 3.70. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.91.

Insider Buying and Selling at Beyond

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

Institutional Investors Weigh In On Beyond

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC purchased a new stake in Beyond in the 2nd quarter valued at $44,000. Hollencrest Capital Management purchased a new stake in shares of Beyond in the second quarter valued at about $46,000. Sunbelt Securities Inc. bought a new position in shares of Beyond during the second quarter valued at about $47,000. Meeder Asset Management Inc. purchased a new position in Beyond during the second quarter worth about $75,000. Finally, Tobam bought a new stake in Beyond in the 2nd quarter worth about $78,000. Institutional investors and hedge funds own 76.30% of the company’s stock.

About Beyond

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.