Beyond, Inc. (NYSE:BYON) Receives $16.38 Consensus Price Target from Analysts

Beyond, Inc. (NYSE:BYON) has been assigned an average recommendation of “Hold” from the nine analysts that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $16.38.

Several equities research analysts have recently commented on BYON shares. Needham & Company LLC reiterated a “buy” rating and set a $13.00 price target on shares of Beyond in a research report on Wednesday, October 23rd. Argus downgraded shares of Beyond from a “hold” rating to a “sell” rating in a research note on Wednesday, December 18th. Wedbush dropped their price target on shares of Beyond from $25.00 to $15.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Piper Sandler lowered their target price on shares of Beyond from $14.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Finally, Barclays lowered their target price on shares of Beyond from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Thursday, January 9th.

Insider Activity

In other Beyond news, Chairman Marcus Lemonis bought 156,985 shares of Beyond 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 completion of the acquisition, the chairman now 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 purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BYON. Dimensional Fund Advisors LP bought a new position in shares of Beyond in the second quarter valued at about $9,538,000. Royce & Associates LP increased its holdings in 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 buying an additional 309,810 shares during the period. ProShare Advisors LLC bought a new position in Beyond in the 2nd quarter valued at about $3,800,000. Second Line Capital LLC bought a new position in Beyond in the 2nd quarter valued at about $1,581,000. Finally, JPMorgan Chase & Co. increased its holdings in Beyond by 34.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 389,694 shares of the company’s stock valued at $3,928,000 after buying an additional 100,335 shares during the period. Institutional investors and hedge funds own 76.30% of the company’s stock.

Beyond Stock Performance

Shares of NYSE:BYON opened at $5.88 on Friday. The business has a fifty day moving average of $5.73 and a 200-day moving average of $8.77. 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 has a market cap of $270.54 million, a PE ratio of -0.79 and a beta of 3.74. Beyond has a twelve month low of $4.45 and a twelve month high of $37.10.

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.