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

Beyond, Inc. (NYSE:BYON) has been given a consensus rating of “Hold” by the nine ratings firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $16.38.

BYON has been the subject of several research reports. Maxim Group cut their price objective on shares of Beyond from $33.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Argus cut Beyond from a “hold” rating to a “sell” rating in a report on Wednesday, December 18th. Bank of America lowered Beyond from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $12.50 to $6.00 in a report on Friday, October 25th. Piper Sandler dropped their target price on Beyond from $14.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Finally, Jefferies Financial Group reduced their target price on shares of Beyond from $14.00 to $11.00 and set a “hold” rating for the company in a research report on Monday, September 23rd.

Beyond Price Performance

Shares of BYON opened at $6.15 on Friday. The company’s 50-day moving average is $5.74 and its 200-day moving average is $8.89. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.91. The firm has a market capitalization of $282.95 million, a PE ratio of -0.83 and a beta of 3.74. Beyond has a fifty-two week low of $4.45 and a fifty-two week high of $37.10.

Insider Buying and Selling

In other news, Chairman Marcus Lemonis acquired 156,985 shares of the stock in a transaction on Sunday, October 27th. The stock was acquired at an average cost of $6.37 per share, for a total transaction of $999,994.45. Following the completion of the transaction, the chairman now directly owns 365,530 shares in the company, valued at approximately $2,328,426.10. This trade represents a 75.28 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 1.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Beyond

A number of large investors have recently modified their holdings of BYON. ARS Investment Partners LLC lifted its position in shares of Beyond by 62.2% during the 4th quarter. ARS Investment Partners LLC now owns 106,873 shares of the company’s stock worth $527,000 after buying an additional 41,000 shares during the last quarter. O Keefe Stevens Advisory Inc. raised its stake in Beyond by 53.9% during the fourth quarter. O Keefe Stevens Advisory Inc. now owns 30,009 shares of the company’s stock worth $148,000 after acquiring an additional 10,505 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Beyond by 34.7% during the third quarter. JPMorgan Chase & Co. now owns 389,694 shares of the company’s stock worth $3,928,000 after acquiring an additional 100,335 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Beyond by 12.8% in the third quarter. Franklin Resources Inc. now owns 21,299 shares of the company’s stock worth $217,000 after acquiring an additional 2,411 shares during the last quarter. Finally, Second Line Capital LLC boosted its stake in shares of Beyond by 25.0% in the 3rd quarter. Second Line Capital LLC now owns 151,053 shares of the company’s stock valued at $1,523,000 after purchasing an additional 30,196 shares in the last quarter. Institutional investors and hedge funds own 76.30% of the company’s stock.

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.