Beyond, Inc. (NYSE:BYON) Receives $16.50 Average Price Target from Brokerages

Shares of Beyond, Inc. (NYSE:BYON) have received an average recommendation of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $16.50.

BYON has been the subject of a number of recent research reports. Piper Sandler reduced their target price on shares of Beyond from $14.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Maxim Group reduced their target price 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. Bank of America downgraded shares of Beyond from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $12.50 to $6.00 in a report on Friday, October 25th. Barclays reduced their target price on shares of Beyond from $14.00 to $8.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. Finally, Jefferies Financial Group reduced their target price on shares of Beyond from $14.00 to $11.00 and set a “hold” rating for the company in a report on Monday, September 23rd.

Beyond Stock Performance

BYON stock opened at $6.32 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.91. The business has a 50-day moving average price of $7.80 and a 200 day moving average price of $10.81. The company has a market capitalization of $291.01 million, a P/E ratio of -0.86 and a beta of 3.70. Beyond has a 1-year low of $5.57 and a 1-year high of $37.10.

Insider Transactions at Beyond

In other Beyond news, Chairman Marcus Lemonis purchased 156,985 shares of the company’s stock in a transaction dated Sunday, October 27th. The shares were acquired at an average price of $6.37 per share, for a total transaction of $999,994.45. Following the completion of the purchase, 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 acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Beyond

A number of large investors have recently bought and sold shares of BYON. Dimensional Fund Advisors LP purchased a new stake in Beyond in the second quarter valued at approximately $9,538,000. Refined Wealth Management purchased a new stake in Beyond in the second quarter valued at approximately $4,201,000. Royce & Associates LP boosted its position 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 buying an additional 309,810 shares during the last quarter. ProShare Advisors LLC purchased a new stake in Beyond in the second quarter valued at approximately $3,800,000. Finally, Bank of New York Mellon Corp purchased a new stake in Beyond in the second quarter valued at approximately $2,188,000. Hedge funds and other institutional investors own 76.30% of the company’s stock.

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.