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

Shares of Beyond, Inc. (NYSE:BYON) have been assigned an average rating of “Hold” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has 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 brokerages that have issued ratings on the stock in the last year is $16.50.

A number of equities research analysts recently weighed in on BYON shares. Barclays dropped their price target on Beyond from $14.00 to $8.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. Bank of America lowered Beyond from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $12.50 to $6.00 in a research note on Friday, October 25th. Jefferies Financial Group reduced their price target 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. 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. Finally, Piper Sandler reduced 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.

Beyond Stock Performance

NYSE BYON opened at $6.29 on Thursday. Beyond has a 1-year low of $5.57 and a 1-year high of $37.10. The company has a 50 day moving average of $8.02 and a 200-day moving average of $11.07. 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 firm has a market cap of $289.63 million, a price-to-earnings ratio of -0.85 and a beta of 3.70.

Insider Buying and Selling at Beyond

In other Beyond news, Chairman Marcus Lemonis bought 156,985 shares of the stock in a transaction on 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 acquisition, the chairman now owns 365,530 shares of the company’s stock, valued at approximately $2,328,426.10. The trade was a 75.28 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royce & Associates LP increased its holdings in Beyond by 57.8% in the third quarter. Royce & Associates LP now owns 845,977 shares of the company’s stock valued at $8,527,000 after purchasing an additional 309,810 shares during the last quarter. Boston Partners acquired a new stake in shares of Beyond in the 1st quarter valued at approximately $2,152,000. Rhumbline Advisers acquired a new stake in shares of Beyond in the 2nd quarter valued at approximately $1,001,000. ProShare Advisors LLC acquired a new position in Beyond during the second quarter valued at approximately $3,800,000. Finally, Sanctuary Advisors LLC bought a new stake in Beyond in the second quarter valued at approximately $650,000. 76.30% of the stock is currently owned by institutional investors.

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.