Brokerages Set Beyond, Inc. (NYSE:BYON) Target Price at $16.50

Shares of Beyond, Inc. (NYSE:BYON - Get Free Report) have been assigned a consensus rating of "Hold" from the nine brokerages that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $16.50.

A number of research analysts have recently weighed in on BYON shares. Barclays lowered their price target on Beyond from $14.00 to $8.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 29th. 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. Wedbush reduced their price objective 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. Maxim Group cut their target price on shares of Beyond from $33.00 to $26.00 and set a "buy" rating for the company in a research report on Friday, October 25th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $13.00 price target on shares of Beyond in a research report on Wednesday, October 23rd.

Insider Buying and Selling at Beyond

In other news, Chairman Marcus Lemonis bought 156,985 shares of the company's 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 transaction, the chairman now directly 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 transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Franklin Resources Inc. increased its stake in shares of Beyond by 12.8% in the third quarter. Franklin Resources Inc. now owns 21,299 shares of the company's stock valued at $217,000 after buying an additional 2,411 shares in the last quarter. Second Line Capital LLC increased its position in Beyond by 25.0% in the 3rd quarter. Second Line Capital LLC now owns 151,053 shares of the company's stock valued at $1,523,000 after acquiring an additional 30,196 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Beyond in the third quarter worth about $107,000. State Street Corp lifted its position in shares of Beyond by 0.9% during the third quarter. State Street Corp now owns 1,016,563 shares of the company's stock worth $10,247,000 after purchasing an additional 8,580 shares in the last quarter. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of Beyond during the third quarter valued at approximately $80,000. Institutional investors own 76.30% of the company's stock.

Beyond Trading Down 4.5 %

Shares of BYON stock traded down $0.23 during trading hours on Monday, reaching $4.86. 3,424,529 shares of the stock traded hands, compared to its average volume of 2,024,357. 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 firm has a market capitalization of $223.78 million, a PE ratio of -0.66 and a beta of 3.70. Beyond has a 1-year low of $4.78 and a 1-year high of $37.10. The business has a fifty day moving average price of $6.72 and a 200 day moving average price of $9.91.

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.