Beyond, Inc. (NYSE:BYON) Receives $16.38 Consensus Price Target from Brokerages

Beyond, Inc. (NYSE:BYON) has earned a consensus rating of “Hold” from the nine research firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $16.38.

Several equities research analysts recently commented on the stock. Maxim Group cut their target price on shares of Beyond from $33.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Argus downgraded shares of Beyond from a “hold” rating to a “sell” rating in a research report on Wednesday, December 18th. Piper Sandler cut their target price on shares of Beyond from $14.00 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Barclays cut their target price on shares of Beyond from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 9th. Finally, Needham & Company LLC reissued a “buy” rating and set a $13.00 target price on shares of Beyond in a research note on Wednesday, October 23rd.

Insiders Place Their Bets

In other news, Chairman Marcus Lemonis purchased 156,985 shares of the company’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 transaction, the chairman now directly owns 365,530 shares of the company’s stock, valued at approximately $2,328,426.10. This trade represents a 75.28 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its position in Beyond by 8.2% in the second quarter. The Manufacturers Life Insurance Company now owns 17,818 shares of the company’s stock worth $233,000 after acquiring an additional 1,348 shares during the period. Fortis Group Advisors LLC raised its position in shares of Beyond by 14.4% in the third quarter. Fortis Group Advisors LLC now owns 13,689 shares of the company’s stock valued at $138,000 after purchasing an additional 1,724 shares during the period. Franklin Resources Inc. raised its position 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 purchasing an additional 2,411 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Beyond by 25.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,127 shares of the company’s stock valued at $152,000 after purchasing an additional 3,059 shares during the period. Finally, Hollencrest Capital Management bought a new stake in shares of Beyond in the second quarter valued at approximately $46,000. 76.30% of the stock is owned by institutional investors.

Beyond Stock Down 4.5 %

NYSE:BYON opened at $5.88 on Friday. The firm’s 50 day simple moving average is $5.73 and its 200 day simple moving average is $8.77. 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 one year low of $4.45 and a one year high of $37.10. The company has a market cap of $270.54 million, a PE ratio of -0.79 and a beta of 3.74.

About Beyond

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.