Beyond, Inc. (NYSE:BYON) Receives $16.50 Consensus Price Target from Brokerages

Beyond, Inc. (NYSE:BYON - Get Free Report) has earned an average rating of "Hold" from the eight research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has 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 12 month price objective among brokerages that have issued a report on the stock in the last year is $16.50.

BYON has been the topic of several recent research reports. Barclays lowered their price objective on Beyond from $14.00 to $8.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 29th. Bank of America cut shares of Beyond from a "neutral" rating to an "underperform" rating and dropped their price target for the company from $12.50 to $6.00 in a research report on Friday, October 25th. Wedbush lowered their price objective on shares of Beyond from $25.00 to $15.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Jefferies Financial Group cut their target price on Beyond from $14.00 to $11.00 and set a "hold" rating on the stock in a research report on Monday, September 23rd. Finally, Needham & Company LLC restated a "buy" rating and set a $13.00 price target on shares of Beyond in a research report on Wednesday, October 23rd.

Insider Activity

In other Beyond news, Chairman Marcus Lemonis acquired 156,985 shares of the stock in a transaction on Sunday, October 27th. The shares were bought at an average cost of $6.37 per share, with a total value of $999,994.45. Following the transaction, the chairman now owns 365,530 shares of the company's stock, valued at approximately $2,328,426.10. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director William Benjamin Nettles, Jr. sold 10,412 shares of the company's stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $9.35, for a total transaction of $97,352.20. Following the completion of the sale, the director now owns 11,368 shares in the company, valued at $106,290.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Marcus Lemonis purchased 156,985 shares of the firm's stock in a transaction that occurred on Sunday, October 27th. The shares were bought at an average cost of $6.37 per share, with a total value of $999,994.45. Following the completion of the acquisition, the chairman now owns 365,530 shares of the company's stock, valued at approximately $2,328,426.10. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. swisspartners Advisors Ltd raised its holdings in Beyond by 2.9% during the third quarter. swisspartners Advisors Ltd now owns 226,395 shares of the company's stock worth $2,282,000 after purchasing an additional 6,280 shares during the last quarter. Gladstone Institutional Advisory LLC increased its position in shares of Beyond by 36.5% in the third quarter. Gladstone Institutional Advisory LLC now owns 72,414 shares of the company's stock valued at $730,000 after buying an additional 19,350 shares in the last quarter. Semanteon Capital Management LP raised its stake in shares of Beyond by 76.2% during the 3rd quarter. Semanteon Capital Management LP now owns 113,959 shares of the company's stock worth $1,149,000 after buying an additional 49,300 shares during the last quarter. SRN Advisors LLC boosted its position in shares of Beyond by 48.6% in the 3rd quarter. SRN Advisors LLC now owns 121,001 shares of the company's stock worth $1,220,000 after buying an additional 39,596 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Beyond in the 3rd quarter valued at about $2,035,000. Institutional investors and hedge funds own 76.30% of the company's stock.

Beyond Stock Performance

Shares of NYSE BYON traded down $0.06 during midday trading on Friday, reaching $6.35. 2,727,059 shares of the stock were exchanged, compared to its average volume of 2,829,908. The firm has a 50-day simple moving average of $9.74 and a two-hundred day simple moving average of $13.02. The firm has a market cap of $290.96 million, a price-to-earnings ratio of -0.86 and a beta of 3.70. Beyond has a twelve month low of $6.06 and a twelve month high of $37.10. The company has a quick ratio of 1.08, a current ratio of 0.97 and a debt-to-equity ratio of 0.17.

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.