Beyond (NYSE:BYON) Price Target Lowered to $7.00 at Barclays

Beyond (NYSE:BYON) had its price objective reduced by research analysts at Barclays from $8.00 to $7.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential upside of 18.04% from the stock’s previous close.

A number of other equities research analysts have also recently commented on BYON. Argus cut Beyond from a “hold” rating to a “sell” rating in a research note on Wednesday, December 18th. Piper Sandler reduced their price target on shares of Beyond from $14.00 to $8.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Jefferies Financial Group lowered their price objective on shares of Beyond from $14.00 to $11.00 and set a “hold” rating on the stock in a report on Monday, September 23rd. Bank of America cut shares of Beyond from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $12.50 to $6.00 in a report on Friday, October 25th. Finally, Wedbush lowered their target price on shares of Beyond from $25.00 to $15.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $16.38.

Beyond Trading Down 5.4 %

Shares of Beyond stock traded down $0.34 on Thursday, reaching $5.93. 2,647,730 shares of the company’s stock were exchanged, compared to its average volume of 3,603,226. The company has a market capitalization of $273.05 million, a P/E ratio of -0.80 and a beta of 3.74. Beyond has a 52 week low of $4.45 and a 52 week high of $37.10. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.91 and a current ratio of 0.97. The firm’s 50-day moving average is $5.79 and its two-hundred day moving average is $9.13.

Insiders Place Their Bets

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

Institutional Trading of Beyond

A number of large investors have recently added to or reduced their stakes in BYON. Bank of New York Mellon Corp purchased a new position in shares of Beyond during the 2nd quarter valued at $2,188,000. Commonwealth Equity Services LLC purchased a new stake in Beyond during the second quarter valued at about $829,000. Rhumbline Advisers bought a new position in Beyond during the second quarter worth about $1,001,000. Arizona State Retirement System purchased a new position in shares of Beyond in the second quarter worth about $167,000. Finally, Quest Partners LLC bought a new stake in shares of Beyond in the second quarter valued at approximately $84,000. Hedge funds and other institutional investors 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.