Beyond, Inc. (NYSE:BYON) Receives Average Rating of “Hold” from Brokerages

Beyond, Inc. (NYSE:BYON) has received an average recommendation of “Hold” from the eight analysts that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $12.29.

BYON has been the subject of a number of recent research reports. Argus lowered Beyond from a “hold” rating to a “sell” rating in a research note on Wednesday, December 18th. Needham & Company LLC restated a “buy” rating and issued a $13.00 price target on shares of Beyond in a report on Wednesday, October 23rd. Piper Sandler lowered their price objective on shares of Beyond from $14.00 to $8.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Barclays reduced 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, 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 report on Friday, October 25th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in Beyond by 34.7% during the third quarter. JPMorgan Chase & Co. now owns 389,694 shares of the company’s stock valued at $3,928,000 after purchasing an additional 100,335 shares during the last quarter. Royce & Associates LP boosted its holdings in shares of Beyond by 57.8% in the 3rd quarter. Royce & Associates LP now owns 845,977 shares of the company’s stock valued at $8,527,000 after buying an additional 309,810 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Beyond by 12.8% in the 3rd quarter. Franklin Resources Inc. now owns 21,299 shares of the company’s stock valued at $217,000 after buying an additional 2,411 shares during the period. Refined Wealth Management grew its position in shares of Beyond by 14.8% during the 4th quarter. Refined Wealth Management now owns 401,095 shares of the company’s stock valued at $1,977,000 after buying an additional 51,763 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Beyond by 14.9% during the third 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 acquiring an additional 12,794 shares during the period. 76.30% of the stock is currently owned by institutional investors.

Beyond Stock Down 0.6 %

Shares of Beyond stock opened at $8.72 on Tuesday. The company has a fifty day moving average price of $6.21 and a 200 day moving average price of $8.17. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 0.17. Beyond has a twelve month low of $4.45 and a twelve month high of $37.10. The stock has a market cap of $401.29 million, a price-to-earnings ratio of -1.18 and a beta of 3.81.

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.