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

Shares of Beyond, Inc. (NYSE:BYON) have earned a consensus rating of “Hold” from the nine brokerages that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $16.50.

Several research firms have commented on BYON. Argus lowered shares of Beyond from a “hold” rating to a “sell” rating in a research note on Wednesday, December 18th. Maxim Group decreased their price target on Beyond from $33.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Barclays dropped their price target on Beyond from $14.00 to $8.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. Bank of America downgraded Beyond from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $12.50 to $6.00 in a research note on Friday, October 25th. Finally, Piper Sandler lowered their target price on Beyond from $14.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th.

Insiders Place Their Bets

In related news, Chairman Marcus Lemonis bought 156,985 shares of the company’s stock in a transaction on Sunday, October 27th. The shares were purchased at an average price of $6.37 per share, for a total transaction of $999,994.45. Following the completion of the transaction, the chairman now directly owns 365,530 shares in the company, valued at approximately $2,328,426.10. The trade was a 75.28 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.20% of the company’s stock.

Institutional Trading of Beyond

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its holdings in Beyond by 34.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 389,694 shares of the company’s stock valued at $3,928,000 after buying an additional 100,335 shares in the last quarter. Franklin Resources Inc. grew its stake in Beyond by 12.8% during the third quarter. Franklin Resources Inc. now owns 21,299 shares of the company’s stock valued at $217,000 after acquiring an additional 2,411 shares in the last quarter. Second Line Capital LLC increased its holdings in Beyond by 25.0% during the 3rd quarter. Second Line Capital LLC now owns 151,053 shares of the company’s stock worth $1,523,000 after acquiring an additional 30,196 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in Beyond in the 3rd quarter worth approximately $107,000. Finally, State Street Corp boosted its holdings in Beyond by 0.9% in the 3rd quarter. State Street Corp now owns 1,016,563 shares of the company’s stock valued at $10,247,000 after purchasing an additional 8,580 shares during the period. 76.30% of the stock is currently owned by institutional investors.

Beyond Stock Performance

NYSE BYON opened at $4.62 on Monday. The company has a fifty day moving average price of $6.17 and a 200-day moving average price of $9.55. The firm has a market cap of $212.73 million, a price-to-earnings ratio of -0.63 and a beta of 3.70. 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 1 year low of $4.58 and a 1 year high of $37.10.

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.