Beyond, Inc. (NYSE:BYON) Receives $16.50 Consensus PT from Analysts

Beyond, Inc. (NYSE:BYON) has been given an average rating of “Hold” by the eight brokerages that are covering the company, MarketBeat.com reports. One investment analyst has 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 12-month price objective among analysts that have issued ratings on the stock in the last year is $16.50.

Several equities research analysts recently weighed in on BYON shares. Jefferies Financial Group reduced their price objective on shares of Beyond from $14.00 to $11.00 and set a “hold” rating for the company in a report on Monday, September 23rd. Maxim Group decreased their price objective on shares of Beyond from $33.00 to $26.00 and set a “buy” rating for the company in a report on Friday, October 25th. Bank of America cut Beyond from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $12.50 to $6.00 in a report on Friday, October 25th. Barclays cut their target price on Beyond from $14.00 to $8.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. Finally, Wedbush lowered their price target on Beyond from $25.00 to $15.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th.

Beyond Trading Up 3.6 %

Shares of BYON stock opened at $6.29 on Thursday. Beyond has a 1 year low of $5.57 and a 1 year high of $37.10. The firm has a market capitalization of $289.63 million, a PE ratio of -0.85 and a beta of 3.70. The stock has a fifty day moving average of $8.02 and a two-hundred day moving average of $11.07. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.91 and a current ratio of 0.97.

Insider Buying and Selling at Beyond

In related news, Chairman Marcus Lemonis purchased 156,985 shares of the firm’s stock in a transaction that occurred on Sunday, October 27th. The stock was acquired at an average price of $6.37 per share, for a total transaction of $999,994.45. Following the transaction, the chairman now directly owns 365,530 shares of the company’s stock, valued at $2,328,426.10. This trade represents a 75.28 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.20% of the stock is owned by corporate insiders.

Institutional Trading of Beyond

A number of hedge funds have recently bought and sold shares of BYON. State Street Corp increased its position in shares of Beyond by 0.9% in the third quarter. State Street Corp now owns 1,016,563 shares of the company’s stock worth $10,247,000 after acquiring an additional 8,580 shares in the last quarter. Royce & Associates LP grew its position in Beyond by 57.8% during the 3rd quarter. Royce & Associates LP now owns 845,977 shares of the company’s stock worth $8,527,000 after purchasing an additional 309,810 shares in the last quarter. Dimensional Fund Advisors LP acquired a new stake in Beyond during the 2nd quarter valued at $9,538,000. Refined Wealth Management acquired a new stake in Beyond during the 2nd quarter valued at $4,201,000. Finally, ProShare Advisors LLC purchased a new stake in shares of Beyond in the second quarter valued at $3,800,000. 76.30% of the stock is owned by hedge funds and other institutional investors.

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.