Beyond, Inc. (NYSE:BYON) Receives $12.29 Average PT from Analysts

Shares of Beyond, Inc. (NYSE:BYON) have been given an average recommendation of “Hold” by the eight ratings firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $12.29.

BYON has been the subject of a number of recent research reports. Bank of America cut shares of Beyond from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $12.50 to $6.00 in a research note on Friday, October 25th. Argus cut shares of Beyond from a “hold” rating to a “sell” rating in a research note on Wednesday, December 18th. Barclays dropped their price objective on shares of Beyond from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Thursday, January 9th. Needham & Company LLC restated a “buy” rating and issued a $13.00 target price on shares of Beyond in a report on Wednesday, October 23rd. Finally, Maxim Group lowered 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.

Institutional Investors Weigh In On Beyond

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kohmann Bosshard Financial Services LLC bought a new stake in Beyond during the 4th quarter valued at about $30,000. R Squared Ltd bought a new stake in Beyond during the 4th quarter valued at about $32,000. Skandinaviska Enskilda Banken AB publ lifted its holdings in Beyond by 68.4% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 6,592 shares of the company’s stock valued at $32,000 after buying an additional 2,678 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Beyond during the 4th quarter valued at about $32,000. Finally, KLP Kapitalforvaltning AS bought a new stake in Beyond during the 4th quarter valued at about $39,000. Institutional investors own 76.30% of the company’s stock.

Beyond Stock Performance

Shares of NYSE:BYON opened at $8.84 on Tuesday. Beyond has a 52 week low of $4.45 and a 52 week high of $37.10. The stock has a market capitalization of $406.85 million, a P/E ratio of -1.20 and a beta of 3.81. The firm has a fifty day simple moving average of $6.46 and a two-hundred day simple moving average of $8.07. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 0.17.

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.