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

Beyond, Inc. (NYSE:BYON - Get Free Report) has earned an average recommendation of "Hold" from the nine research firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $16.38.

Several research firms have commented on BYON. Maxim Group lowered their target price on shares of Beyond from $33.00 to $26.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. Needham & Company LLC reissued a "buy" rating and set a $13.00 target price on shares of Beyond in a research note on Wednesday, October 23rd. Argus cut shares of Beyond from a "hold" rating to a "sell" rating in a research note on Wednesday, December 18th. Barclays lowered their target price on shares of Beyond from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 9th. Finally, Jefferies Financial Group lowered their price objective on shares of Beyond from $14.00 to $11.00 and set a "hold" rating on the stock in a research note on Monday, September 23rd.

Beyond Stock Performance

NYSE:BYON traded down $0.28 during mid-day trading on Friday, hitting $5.88. The stock had a trading volume of 1,647,071 shares, compared to its average volume of 2,590,238. The stock has a market capitalization of $270.54 million, a price-to-earnings ratio of -0.79 and a beta of 3.74. The company has a 50 day simple moving average of $5.74 and a 200-day simple moving average of $8.89. Beyond has a 52 week low of $4.45 and a 52 week 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.

Insider Transactions at Beyond

In other news, Chairman Marcus Lemonis bought 156,985 shares of the company's 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 completion of the transaction, the chairman now directly owns 365,530 shares in the company, valued at approximately $2,328,426.10. The trade was a 75.28 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is currently owned by insiders.

Institutional Trading of Beyond

Several institutional investors have recently made changes to their positions in BYON. Commonwealth Equity Services LLC acquired a new stake in shares of Beyond during the second quarter worth approximately $829,000. Rhumbline Advisers acquired a new stake in shares of Beyond during the second quarter worth approximately $1,001,000. Arizona State Retirement System acquired a new stake in shares of Beyond during the second quarter worth approximately $167,000. Dimensional Fund Advisors LP acquired a new stake in shares of Beyond during the second quarter worth approximately $9,538,000. Finally, Seven Eight Capital LP acquired a new stake in shares of Beyond during the second quarter worth approximately $197,000. 76.30% of the stock is currently owned by institutional investors and hedge funds.

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.