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

Shares of Beyond, Inc. (NYSE:BYON) have been given an average rating of “Hold” by the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $16.50.

Several equities research analysts recently commented on the company. Piper Sandler cut their price target on Beyond from $14.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Barclays reduced their price target on Beyond from $14.00 to $8.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. Argus lowered shares of Beyond from a “hold” rating to a “sell” rating in a report on Wednesday, December 18th. Jefferies Financial Group reduced their target price on shares of Beyond from $14.00 to $11.00 and set a “hold” rating on the stock in a research note on Monday, September 23rd. Finally, Maxim Group dropped their price target on shares of Beyond from $33.00 to $26.00 and set a “buy” rating for the company in a research note on Friday, October 25th.

Insider Transactions at Beyond

In other news, Chairman Marcus Lemonis acquired 156,985 shares of the firm’s stock in a transaction dated Sunday, October 27th. The stock was acquired at an average cost of $6.37 per share, with a total value of $999,994.45. Following the transaction, the chairman now 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Institutional Trading of Beyond

Hedge funds and other institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company boosted its position in shares of Beyond by 8.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,818 shares of the company’s stock worth $233,000 after acquiring an additional 1,348 shares in the last quarter. Fortis Group Advisors LLC increased its stake in Beyond by 14.4% in the third quarter. Fortis Group Advisors LLC now owns 13,689 shares of the company’s stock valued at $138,000 after purchasing an additional 1,724 shares during the last quarter. Franklin Resources Inc. increased its stake in Beyond by 12.8% in the third quarter. Franklin Resources Inc. now owns 21,299 shares of the company’s stock valued at $217,000 after purchasing an additional 2,411 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Beyond by 25.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,127 shares of the company’s stock worth $152,000 after purchasing an additional 3,059 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Beyond during the 2nd quarter worth approximately $44,000. 76.30% of the stock is currently owned by institutional investors and hedge funds.

Beyond Stock Down 4.3 %

BYON stock opened at $4.62 on Monday. 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 firm has a 50-day moving average of $6.17 and a two-hundred day moving average of $9.63. Beyond has a 12 month low of $4.58 and a 12 month high of $37.10. The company has a market cap of $212.73 million, a price-to-earnings ratio of -0.63 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.