Beyond (NYSE:BYON) Earns “Buy” Rating from Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Beyond (NYSE:BYONFree Report) in a report issued on Friday, Benzinga reports. The firm currently has a $40.00 target price on the stock.

A number of other research firms also recently commented on BYON. Compass Point assumed coverage on shares of Beyond in a research report on Thursday. They set a buy rating and a $45.00 price target on the stock. Barclays boosted their price objective on shares of Beyond from $20.00 to $24.00 and gave the stock an equal weight rating in a report on Thursday, January 4th.

Read Our Latest Stock Report on BYON

Beyond Stock Performance

Shares of Beyond stock opened at $23.00 on Friday. The stock has a market cap of $1.04 billion, a P/E ratio of -6.41 and a beta of 3.68. The stock’s fifty day moving average price is $24.04. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.74 and a current ratio of 1.79. Beyond has a one year low of $13.71 and a one year high of $39.27.

Insider Activity

In other Beyond news, Director Marcus Lemonis acquired 5,940 shares of Beyond stock in a transaction dated Tuesday, November 14th. The stock was bought at an average cost of $16.80 per share, for a total transaction of $99,792.00. Following the purchase, the director now directly owns 166,248 shares in the company, valued at approximately $2,792,966.40. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate 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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