Analysts Set Beyond, Inc. (NYSE:BYON) PT at $16.38

Shares of Beyond, Inc. (NYSE:BYON) have received an average rating of “Hold” from the nine analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have 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 target price among brokers that have updated their coverage on the stock in the last year is $16.38.

A number of research analysts have weighed in on the company. Wedbush reduced their price target on Beyond from $25.00 to $15.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Maxim Group decreased their price target on Beyond from $33.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Argus downgraded shares of Beyond from a “hold” rating to a “sell” rating in a research note on Wednesday, December 18th. Bank of America cut shares of 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $13.00 price target on shares of Beyond in a research report on Wednesday, October 23rd.

Insider Transactions at Beyond

In related news, Chairman Marcus Lemonis bought 156,985 shares of the firm’s stock in a transaction dated Sunday, October 27th. The stock was bought at an average price of $6.37 per share, with a total value of $999,994.45. Following the completion of the transaction, the chairman now directly owns 365,530 shares of the company’s stock, valued at approximately $2,328,426.10. This represents a 75.28 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Beyond

Hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company grew its position in Beyond by 8.2% in the second quarter. The Manufacturers Life Insurance Company now owns 17,818 shares of the company’s stock valued at $233,000 after acquiring an additional 1,348 shares in the last quarter. Fortis Group Advisors LLC increased its stake in Beyond by 14.4% during the 3rd quarter. Fortis Group Advisors LLC now owns 13,689 shares of the company’s stock worth $138,000 after buying an additional 1,724 shares during the period. Franklin Resources Inc. lifted its holdings in Beyond by 12.8% in the 3rd quarter. Franklin Resources Inc. now owns 21,299 shares of the company’s stock worth $217,000 after buying an additional 2,411 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Beyond by 25.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,127 shares of the company’s stock valued at $152,000 after buying an additional 3,059 shares during the last quarter. Finally, Hollencrest Capital Management acquired a new stake in shares of Beyond during the second quarter valued at about $46,000. 76.30% of the stock is currently owned by hedge funds and other institutional investors.

Beyond Stock Performance

Shares of BYON opened at $6.99 on Friday. Beyond has a 1 year low of $4.45 and a 1 year high of $37.10. The company’s 50 day simple moving average is $5.72 and its 200 day simple moving average is $8.66. The company has a market capitalization of $321.71 million, a price-to-earnings ratio of -0.95 and a beta of 3.74. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.91 and a current ratio of 0.97.

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.