Barclays Has Lowered Expectations for Beyond (NYSE:BYON) Stock Price

Beyond (NYSE:BYON - Free Report) had its target price cut by Barclays from $8.00 to $7.00 in a research note published on Thursday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other research analysts have also recently commented on BYON. Piper Sandler lowered their target price on Beyond from $14.00 to $8.00 and set a "neutral" rating for the company in a research note on Friday, October 25th. Argus cut shares of Beyond from a "hold" rating to a "sell" rating in a report on Wednesday, December 18th. Jefferies Financial Group reduced their target price on shares of Beyond from $14.00 to $11.00 and set a "hold" rating on the stock in a research report on Monday, September 23rd. Maxim Group lowered their price target 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, Bank of America cut shares of Beyond from a "neutral" rating to an "underperform" rating and cut their price objective for the stock from $12.50 to $6.00 in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $16.38.

Beyond Trading Down 5.4 %

BYON traded down $0.34 during midday trading on Thursday, reaching $5.93. 2,647,730 shares of the company's stock traded hands, compared to its average volume of 3,603,226. Beyond has a 52 week low of $4.45 and a 52 week high of $37.10. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.91. The firm has a fifty day moving average of $5.78 and a two-hundred day moving average of $9.11. The stock has a market capitalization of $273.05 million, a price-to-earnings ratio of -0.80 and a beta of 3.74.

Insiders Place Their Bets

In other Beyond news, Chairman Marcus Lemonis acquired 156,985 shares of the company's stock in a transaction dated Sunday, October 27th. The stock was purchased at an average price of $6.37 per share, with a total value of $999,994.45. Following the completion of the purchase, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is owned by company insiders.

Institutional Trading of Beyond

Several hedge funds have recently bought and sold shares of the stock. Royce & Associates LP boosted its position in shares of Beyond by 57.8% during 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. Franklin Resources Inc. lifted its position in Beyond by 12.8% during the third quarter. Franklin Resources Inc. now owns 21,299 shares of the company's stock valued at $217,000 after purchasing an additional 2,411 shares during the last quarter. Rhumbline Advisers purchased a new position in shares of Beyond in the 2nd quarter worth $1,001,000. ProShare Advisors LLC purchased a new position in shares of Beyond in the 2nd quarter worth $3,800,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Beyond by 14.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 98,621 shares of the company's stock worth $994,000 after buying an additional 12,794 shares during the last quarter. Hedge funds and other 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.