Beyond (NYSE:BYON) Given New $7.00 Price Target at Barclays

Beyond (NYSE:BYON) had its price target reduced by analysts at Barclays from $8.00 to $7.00 in a report released on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price objective suggests a potential upside of 18.04% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Bank of America lowered Beyond from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $12.50 to $6.00 in a research note on Friday, October 25th. Needham & Company LLC reissued a “buy” rating and set a $13.00 price objective on shares of Beyond in a report on Wednesday, October 23rd. Jefferies Financial Group decreased their price objective on shares of Beyond from $14.00 to $11.00 and set a “hold” rating on the stock in a research report on Monday, September 23rd. Maxim Group dropped their target price on shares of Beyond from $33.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, Argus lowered shares of Beyond from a “hold” rating to a “sell” rating in a report on Wednesday, December 18th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $16.38.

Beyond Price Performance

Beyond stock traded down $0.34 during midday trading on Thursday, reaching $5.93. 2,647,730 shares of the stock were exchanged, compared to its average volume of 3,603,226. Beyond has a 52 week low of $4.45 and a 52 week high of $37.10. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.91 and a current ratio of 0.97. The firm has a market cap of $273.05 million, a PE ratio of -0.80 and a beta of 3.74. The company’s fifty day moving average is $5.79 and its 200-day moving average is $9.13.

Insider Buying and Selling at Beyond

In other news, Chairman Marcus Lemonis acquired 156,985 shares of the firm’s stock in a transaction on Sunday, October 27th. The shares were purchased at an average price 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. The trade was a 75.28 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.20% of the company’s stock.

Institutional Trading of Beyond

Large investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company raised its position in Beyond by 8.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,818 shares of the company’s stock valued at $233,000 after purchasing an additional 1,348 shares during the last quarter. Fortis Group Advisors LLC raised its holdings in shares of Beyond by 14.4% during the third quarter. Fortis Group Advisors LLC now owns 13,689 shares of the company’s stock valued at $138,000 after acquiring an additional 1,724 shares in the last quarter. Franklin Resources Inc. lifted its stake in Beyond by 12.8% in the third quarter. Franklin Resources Inc. now owns 21,299 shares of the company’s stock worth $217,000 after acquiring an additional 2,411 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Beyond by 25.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,127 shares of the company’s stock valued at $152,000 after acquiring an additional 3,059 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Beyond during the 2nd quarter valued at $44,000. 76.30% of the stock is owned by institutional investors.

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.