Beyond, Inc. (NYSE:BYON) Given Consensus Recommendation of "Hold" by Analysts

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

BYON has been the topic of several research reports. Wedbush lowered their target price on Beyond from $25.00 to $15.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Piper Sandler lowered their target price on Beyond from $14.00 to $8.00 and set a "neutral" rating on the stock in a research note on Friday, October 25th. Bank of America lowered Beyond from a "neutral" rating to an "underperform" rating and lowered their target price for the company from $12.50 to $6.00 in a research note on Friday, October 25th. Barclays lowered their target price 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. Finally, Maxim Group decreased their price objective on Beyond from $33.00 to $26.00 and set a "buy" rating on the stock in a research note on Friday, October 25th.

Beyond Stock Performance

Shares of BYON traded up $0.12 during mid-day trading on Thursday, hitting $6.07. The stock had a trading volume of 2,432,445 shares, compared to its average volume of 1,981,760. The firm has a market cap of $279.52 million, a P/E ratio of -0.82 and a beta of 3.70. The business has a fifty day moving average price of $8.20 and a 200-day moving average price of $11.26. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.91. Beyond has a 52 week low of $5.57 and a 52 week high of $37.10.

Insiders Place Their Bets

In other news, Chairman Marcus Lemonis acquired 156,985 shares of the business's stock in a transaction dated Sunday, October 27th. The stock was purchased at an average cost of $6.37 per share, for a total transaction of $999,994.45. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.20% of the company's stock.

Institutional Investors Weigh In On Beyond

Institutional investors have recently bought and sold shares of the stock. American International Group Inc. bought a new position in shares of Beyond in the 1st quarter worth approximately $799,000. CANADA LIFE ASSURANCE Co purchased a new position in shares of Beyond in the 1st quarter worth $157,000. Lazard Asset Management LLC purchased a new position in shares of Beyond in the 1st quarter worth $70,000. Price T Rowe Associates Inc. MD purchased a new position in shares of Beyond in the 1st quarter worth $795,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Beyond in the 1st quarter worth $66,000. 76.30% of the stock is currently 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.