Beyond, Inc. (NYSE:BYON) Given Consensus Rating of “Hold” by Analysts

Beyond, Inc. (NYSE:BYON) has been given an average recommendation of “Hold” by the nine brokerages that are currently covering the stock, MarketBeat Ratings 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 twelve-month price target among brokers that have issued ratings on the stock in the last year is $16.50.

A number of equities analysts recently weighed in on the stock. Wedbush cut their price target on shares of Beyond from $25.00 to $15.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Maxim Group dropped their target price on shares of Beyond from $33.00 to $26.00 and set a “buy” rating on the stock in a research note 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 lowered their price target on shares of Beyond from $14.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Finally, Jefferies Financial Group reduced their price objective on Beyond from $14.00 to $11.00 and set a “hold” rating for the company in a report on Monday, September 23rd.

Beyond Stock Down 1.7 %

BYON stock opened at $5.09 on Monday. The stock has a market cap of $234.37 million, a P/E ratio of -0.69 and a beta of 3.70. 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 stock’s fifty day simple moving average is $6.72 and its two-hundred day simple moving average is $9.95. Beyond has a 1-year low of $4.90 and a 1-year high of $37.10.

Insider Buying and Selling

In related news, Chairman Marcus Lemonis bought 156,985 shares of the business’s stock in a transaction 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 purchase, the chairman now directly owns 365,530 shares in the company, valued at $2,328,426.10. This trade represents 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 through the SEC website. 1.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Beyond

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP bought a new position in shares of Beyond in the second quarter worth $9,538,000. Royce & Associates LP grew its position in Beyond by 57.8% during the third quarter. Royce & Associates LP now owns 845,977 shares of the company’s stock worth $8,527,000 after buying an additional 309,810 shares in the last quarter. ProShare Advisors LLC bought a new position in Beyond in the 2nd quarter worth about $3,800,000. Bank of New York Mellon Corp purchased a new stake in shares of Beyond in the 2nd quarter valued at about $2,188,000. Finally, Lee Danner & Bass Inc. purchased a new stake in shares of Beyond in the 2nd quarter valued at about $1,693,000. 76.30% of the stock is currently owned by institutional investors.

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.