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

Beyond, Inc. (NYSE:BYON) has been assigned an average rating of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $12.29.

Several analysts recently commented on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $13.00 price objective on shares of Beyond in a research note on Wednesday, October 23rd. Piper Sandler reduced their price objective on Beyond from $14.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Bank of America lowered Beyond from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $12.50 to $6.00 in a report on Friday, October 25th. Barclays cut their target price on shares of Beyond from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Thursday, January 9th. Finally, Wedbush restated an “outperform” rating and set a $15.00 price objective on shares of Beyond in a research report on Wednesday, February 5th.

Institutional Investors Weigh In On Beyond

Several hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC acquired a new position in Beyond in the second quarter valued at $389,000. The Manufacturers Life Insurance Company raised its holdings in shares of Beyond by 8.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,818 shares of the company’s stock worth $233,000 after purchasing an additional 1,348 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Beyond in the 2nd quarter valued at about $650,000. Capstone Wealth Management Group LLC grew its holdings in shares of Beyond by 28.5% during the 3rd quarter. Capstone Wealth Management Group LLC now owns 94,323 shares of the company’s stock worth $951,000 after purchasing an additional 20,923 shares during the period. Finally, Fortis Group Advisors LLC increased its position in Beyond by 14.4% during the 3rd quarter. Fortis Group Advisors LLC now owns 13,689 shares of the company’s stock worth $138,000 after purchasing an additional 1,724 shares in the last quarter. 76.30% of the stock is owned by institutional investors and hedge funds.

Beyond Trading Down 0.6 %

Shares of BYON stock opened at $8.72 on Tuesday. Beyond has a 1-year low of $4.45 and a 1-year high of $37.10. 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 business’s fifty day moving average price is $6.21 and its 200 day moving average price is $8.17. The firm has a market capitalization of $401.29 million, a PE ratio of -1.18 and a beta of 3.81.

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.