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

Beyond, Inc. (NYSE:BYON) has received a consensus rating of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $16.50.

Several research analysts recently commented on the stock. Needham & Company LLC restated a “buy” rating and issued a $13.00 price target on shares of Beyond in a report on Wednesday, October 23rd. Piper Sandler cut their target price on shares of Beyond from $14.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Barclays decreased their price target on shares of Beyond from $14.00 to $8.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. Wedbush cut their price objective on Beyond from $25.00 to $15.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, Maxim Group decreased their target price on Beyond from $33.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, October 25th.

Insider Activity

In other Beyond news, Chairman Marcus Lemonis bought 156,985 shares of Beyond stock in a transaction dated Sunday, October 27th. The stock was bought at an average cost of $6.37 per share, for a total transaction of $999,994.45. Following the purchase, the chairman now owns 365,530 shares in the company, valued at $2,328,426.10. This represents a 75.28 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.

Institutional Trading of Beyond

Several institutional investors have recently added to or reduced their stakes in the stock. Royce & Associates LP raised its stake in shares of Beyond by 57.8% in the 3rd quarter. Royce & Associates LP now owns 845,977 shares of the company’s stock valued at $8,527,000 after purchasing an additional 309,810 shares in the last quarter. Rhumbline Advisers bought a new stake in Beyond in the second quarter valued at about $1,001,000. ProShare Advisors LLC acquired a new stake in Beyond during the second quarter valued at approximately $3,800,000. Sanctuary Advisors LLC bought a new position in Beyond during the 2nd quarter worth approximately $650,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Beyond by 14.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 98,621 shares of the company’s stock worth $994,000 after acquiring an additional 12,794 shares in the last quarter. 76.30% of the stock is owned by institutional investors and hedge funds.

Beyond Stock Performance

Beyond stock opened at $4.84 on Monday. The company has a market cap of $222.86 million, a price-to-earnings ratio of -0.65 and a beta of 3.70. Beyond has a 12 month low of $4.76 and a 12 month 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 stock’s 50-day moving average is $6.50 and its 200-day moving average is $9.77.

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.