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

Beyond, Inc. (NYSE:BYON) has been given a consensus rating of “Hold” by the eight research firms that are covering the stock, MarketBeat.com reports. One equities 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 issued a report on the stock in the last year is $16.50.

BYON has been the subject of a number of recent research reports. 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 research note on Monday, September 23rd. Maxim Group reduced 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 lowered their price objective on Beyond from $14.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. Bank of America lowered shares of Beyond from a “neutral” rating to an “underperform” rating and cut their target price for the company from $12.50 to $6.00 in a report on Friday, October 25th. Finally, Needham & Company LLC reissued a “buy” rating and set a $13.00 price target on shares of Beyond in a report on Wednesday, October 23rd.

Beyond Stock Up 2.0 %

BYON stock opened at $6.07 on Thursday. The company has a market capitalization of $279.52 million, a P/E ratio of -0.82 and a beta of 3.70. Beyond has a 12 month low of $5.57 and a 12 month high of $37.10. The firm’s fifty day simple moving average is $8.20 and its 200-day simple moving average is $11.26. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.91.

Insider Activity

In other news, Chairman Marcus Lemonis purchased 156,985 shares of the company’s stock in a transaction that occurred on Sunday, October 27th. The stock was purchased at an average cost of $6.37 per share, for a total transaction of $999,994.45. Following the completion of the transaction, the chairman now owns 365,530 shares of the company’s stock, 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 filing with the SEC, which is available through the SEC website. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Beyond

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royce & Associates LP raised its position in shares of 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. Boston Partners purchased a new stake in Beyond during the 1st quarter valued at about $2,152,000. Rhumbline Advisers acquired a new stake in Beyond in the 2nd quarter valued at about $1,001,000. ProShare Advisors LLC purchased a new position in Beyond in the 2nd quarter worth approximately $3,800,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Beyond during the 2nd quarter worth approximately $650,000. Institutional investors and hedge funds own 76.30% of the company’s stock.

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.