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

Shares of Beyond, Inc. (NYSE:BYON) have received an average recommendation of “Hold” from the nine research firms that are currently covering the company, Marketbeat.com reports. Two equities research 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 price target among analysts that have covered the stock in the last year is $16.38.

BYON has been the subject of a number of research reports. Needham & Company LLC reiterated a “buy” rating and issued a $13.00 price target on shares of Beyond in a research note on Wednesday, October 23rd. Barclays dropped their price target on Beyond from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 9th. Bank of America lowered shares of 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. Piper Sandler reduced their price target 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. Finally, Argus downgraded shares of Beyond from a “hold” rating to a “sell” rating in a research report on Wednesday, December 18th.

Insider Buying and Selling at Beyond

In other Beyond news, Chairman Marcus Lemonis purchased 156,985 shares of the stock in a transaction dated 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 acquisition, the chairman now 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Beyond

Several large investors have recently bought and sold shares of BYON. R Squared Ltd acquired a new stake in shares of Beyond in the 4th quarter worth approximately $32,000. Hollencrest Capital Management bought a new position in Beyond during the 2nd quarter valued at $46,000. Sunbelt Securities Inc. acquired a new position in shares of Beyond during the 2nd quarter valued at $47,000. SG Americas Securities LLC bought a new stake in shares of Beyond in the 4th quarter worth $67,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in shares of Beyond in the third quarter valued at $80,000. Institutional investors and hedge funds own 76.30% of the company’s stock.

Beyond Trading Up 0.8 %

BYON opened at $6.99 on Friday. The stock has a market capitalization of $321.71 million, a PE ratio of -0.95 and a beta of 3.74. 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 12-month low of $4.45 and a 12-month high of $37.10. The firm’s fifty day moving average price is $5.72 and its 200 day moving average price is $8.66.

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.