Beyond’s (BYON) “Buy” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Beyond (NYSE:BYONFree Report) in a research note released on Friday morning, Benzinga reports. Needham & Company LLC currently has a $40.00 price objective on the stock.

Other equities research analysts have also recently issued reports about the stock. Compass Point initiated coverage on shares of Beyond in a research report on Thursday. They set a buy rating and a $45.00 price target for the company. Barclays lifted their price target on shares of Beyond from $20.00 to $24.00 and gave the company an equal weight rating in a research report on Thursday, January 4th.

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Beyond Price Performance

Shares of BYON opened at $23.00 on Friday. Beyond has a 1-year low of $13.71 and a 1-year high of $39.27. The firm has a market capitalization of $1.04 billion, a PE ratio of -6.41 and a beta of 3.68. The company’s 50-day moving average is $24.04. The company has a current ratio of 1.79, a quick ratio of 1.74 and a debt-to-equity ratio of 0.07.

Insider Activity at Beyond

In other Beyond news, Director Marcus Lemonis acquired 5,940 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was purchased at an average price of $16.80 per share, for a total transaction of $99,792.00. Following the completion of the acquisition, the director now owns 166,248 shares of the company’s stock, valued at approximately $2,792,966.40. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.30% of the company’s stock.

Beyond Company Profile

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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, area rugs, tabletop and cookware, décor, storage and organization, small appliances, home improvement, and other products under the Bed Bath & Beyond and Bed Bath & Beyond Canada brand names.

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