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

Beyond, Inc. (NYSE:BYON) has been given a consensus rating of “Hold” by the eight brokerages that are presently covering the stock, Marketbeat.com reports. One 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 1 year price objective among analysts that have covered the stock in the last year is $16.50.

Several research analysts have recently issued reports on BYON shares. Bank of America lowered Beyond from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $12.50 to $6.00 in a research report on Friday, October 25th. Needham & Company LLC reissued a “buy” rating and set a $13.00 price objective on shares of Beyond in a research report on Wednesday, October 23rd. Wedbush reduced their target price on shares of Beyond from $25.00 to $15.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Piper Sandler cut their price objective on shares of Beyond from $14.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Finally, Jefferies Financial Group lowered 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 Price Performance

Shares of NYSE BYON opened at $6.41 on Friday. Beyond has a 1 year low of $6.06 and a 1 year high of $37.10. The stock has a market capitalization of $295.15 million, a P/E ratio of -0.87 and a beta of 3.70. The company’s 50-day moving average is $9.35 and its 200 day moving average is $12.58. 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 at Beyond

In other Beyond news, Director William Benjamin Nettles, Jr. sold 10,412 shares of Beyond stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $9.35, for a total value of $97,352.20. Following the completion of the sale, the director now owns 11,368 shares of the company’s stock, valued at approximately $106,290.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director William Benjamin Nettles, Jr. sold 10,412 shares of Beyond stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $9.35, for a total value of $97,352.20. Following the completion of the sale, the director now directly owns 11,368 shares in the company, valued at $106,290.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Marcus Lemonis acquired 156,985 shares of the stock in a transaction that occurred on Sunday, October 27th. The shares were bought at an average price of $6.37 per share, for a total transaction of $999,994.45. Following the transaction, the chairman now owns 365,530 shares of the company’s stock, valued at $2,328,426.10. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by insiders.

Institutional Trading of Beyond

Several large investors have recently modified their holdings of BYON. Ashton Thomas Private Wealth LLC bought a new stake in shares of Beyond during the 2nd quarter valued at about $44,000. CWM LLC purchased a new position in shares of Beyond during the 2nd quarter worth $46,000. Hollencrest Capital Management bought a new stake in shares of Beyond during the 2nd quarter valued at $46,000. Sunbelt Securities Inc. purchased a new stake in shares of Beyond in the 2nd quarter worth $47,000. Finally, Public Employees Retirement System of Ohio bought a new position in Beyond in the 1st quarter worth $66,000. Institutional investors 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.