Beyond, Inc. (NYSE:BYON) Given Average Rating of "Hold" by Brokerages

Shares of Beyond, Inc. (NYSE:BYON - Get Free Report) have received a consensus rating of "Hold" from the eight research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $16.50.

BYON has been the topic of a number of recent analyst reports. Maxim Group decreased their price target on Beyond from $33.00 to $26.00 and set a "buy" rating on the stock in a report on Friday, October 25th. Piper Sandler reduced their target price on Beyond from $14.00 to $8.00 and set a "neutral" rating on the stock in a report on Friday, October 25th. Barclays reduced their price objective on Beyond from $14.00 to $8.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 29th. Needham & Company LLC reissued a "buy" rating and set a $13.00 price objective on shares of Beyond in a research note on Wednesday, October 23rd. Finally, Jefferies Financial Group dropped their target price on Beyond from $14.00 to $11.00 and set a "hold" rating for the company in a research report on Monday, September 23rd.

Beyond Price Performance

NYSE:BYON traded up $0.12 on Thursday, reaching $6.07. 2,432,445 shares of the company's stock traded hands, compared to its average volume of 1,981,760. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. The stock has a 50-day simple moving average of $8.20 and a 200-day simple moving average of $11.26. The firm has a market cap of $279.52 million, a PE ratio of -0.82 and a beta of 3.70. Beyond has a 12 month low of $5.57 and a 12 month high of $37.10.

Insider Activity at Beyond

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

Institutional Investors Weigh In On Beyond

Several hedge funds have recently modified their holdings of BYON. Dimensional Fund Advisors LP purchased a new position in Beyond in the 2nd quarter valued at about $9,538,000. Refined Wealth Management acquired a new stake in Beyond in the 2nd quarter valued at about $4,201,000. Royce & Associates LP raised 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 acquiring an additional 309,810 shares during the last quarter. ProShare Advisors LLC acquired a new stake in Beyond in the 2nd quarter valued at about $3,800,000. Finally, Bank of New York Mellon Corp acquired a new stake in Beyond in the 2nd quarter valued at about $2,188,000. 76.30% of the stock is owned by hedge funds and other institutional investors.

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.