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

Shares of Beyond, Inc. (NYSE:BYON - Get Free Report) have been given an average rating of "Hold" by the eight ratings firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $12.29.

A number of equities analysts recently weighed in on the stock. Piper Sandler dropped their target price on shares of Beyond from $14.00 to $8.00 and set a "neutral" rating for the company in a research report on Friday, October 25th. Wedbush reiterated an "outperform" rating and set a $15.00 price objective on shares of Beyond in a research report on Wednesday, February 5th. Needham & Company LLC reiterated a "buy" rating and set a $13.00 price objective on shares of Beyond in a research report on Wednesday, October 23rd. Argus lowered shares of Beyond from a "hold" rating to a "sell" rating in a research report on Wednesday, December 18th. Finally, Bank of America lowered shares of Beyond from a "neutral" rating to an "underperform" rating and lowered their price objective for the company from $12.50 to $6.00 in a research report on Friday, October 25th.

Beyond Price Performance

Shares of NYSE:BYON traded up $0.61 during midday trading on Tuesday, reaching $8.84. 2,647,347 shares of the company were exchanged, compared to its average volume of 3,519,191. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 0.17. The business's fifty day moving average is $6.40 and its two-hundred day moving average is $8.11. Beyond has a one year low of $4.45 and a one year high of $37.10. The stock has a market cap of $406.85 million, a PE ratio of -1.20 and a beta of 3.81.

Institutional Investors Weigh In On Beyond

Several institutional investors have recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new position in Beyond in the 4th quarter worth about $30,000. Canada Pension Plan Investment Board purchased a new position in Beyond in the 4th quarter worth about $32,000. R Squared Ltd purchased a new position in Beyond in the 4th quarter worth about $32,000. Skandinaviska Enskilda Banken AB publ increased its stake in Beyond by 68.4% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 6,592 shares of the company's stock worth $32,000 after buying an additional 2,678 shares during the period. Finally, Safe Harbor Fiduciary LLC purchased a new position in Beyond in the 3rd quarter worth about $80,000. Institutional investors own 76.30% of the company's stock.

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.