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

Beyond, Inc. (NYSE:BYON) has earned a consensus rating of “Hold” from the nine brokerages that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $16.38.

A number of research analysts recently issued reports on BYON shares. Argus lowered Beyond from a “hold” rating to a “sell” rating in a report on Wednesday, December 18th. Barclays cut their price objective on Beyond from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Thursday, January 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $13.00 target price on shares of Beyond in a research report on Wednesday, October 23rd. Maxim Group reduced their target price on Beyond from $33.00 to $26.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, Piper Sandler dropped their price target on Beyond from $14.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th.

Beyond Trading Up 2.5 %

Shares of NYSE:BYON opened at $6.03 on Friday. Beyond has a twelve month low of $4.45 and a twelve month high of $37.10. 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 market cap of $277.43 million, a P/E ratio of -0.82 and a beta of 3.74. The company has a 50 day moving average of $5.71 and a 200-day moving average of $8.72.

Insider Buying and Selling at Beyond

In other news, Chairman Marcus Lemonis purchased 156,985 shares of Beyond stock in a transaction dated 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 acquisition, the chairman now directly owns 365,530 shares in the company, 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 the SEC website. Company insiders own 1.20% of the company’s stock.

Institutional Trading of Beyond

A number of institutional investors have recently added to or reduced their stakes in BYON. Hollencrest Capital Management acquired a new stake in shares of Beyond in the 2nd quarter valued at $46,000. Sunbelt Securities Inc. acquired a new stake in shares of Beyond in the second quarter worth about $47,000. SG Americas Securities LLC acquired a new position in shares of Beyond during the 4th quarter valued at about $67,000. Safe Harbor Fiduciary LLC bought a new position in shares of Beyond in the 3rd quarter valued at approximately $80,000. Finally, Tobam lifted its holdings in Beyond by 78.8% in the 3rd quarter. Tobam now owns 10,648 shares of the company’s stock worth $107,000 after purchasing an additional 4,693 shares during the last quarter. 76.30% of the stock is currently owned by institutional investors and hedge funds.

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.