Beyond, Inc. (NYSE:BYON - Get Free Report) Chairman Marcus Lemonis acquired 19,193 shares of the stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $5.03 per share, for a total transaction of $96,540.79. Following the transaction, the chairman now owns 456,151 shares of the company's stock, valued at approximately $2,294,439.53. This trade represents a 4.39 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
Beyond Price Performance
Shares of BYON opened at $5.04 on Friday. Beyond, Inc. has a twelve month low of $4.45 and a twelve month high of $37.10. The firm has a 50 day moving average of $7.04 and a 200 day moving average of $7.58. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $267.59 million, a P/E ratio of -0.68 and a beta of 3.91.
Beyond (NYSE:BYON - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The company reported ($0.91) earnings per share for the quarter, missing the consensus estimate of ($0.74) by ($0.17). The company had revenue of $303.15 million for the quarter, compared to analysts' expectations of $337.96 million. Beyond had a negative net margin of 22.82% and a negative return on equity of 69.32%. As a group, equities research analysts anticipate that Beyond, Inc. will post -3.75 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on BYON shares. Barclays reduced their price target on Beyond from $8.00 to $7.00 and set an "equal weight" rating for the company in a research report on Thursday, January 9th. Jefferies Financial Group lowered their target price on shares of Beyond from $7.25 to $6.50 and set a "hold" rating on the stock in a research note on Monday. Needham & Company LLC downgraded shares of Beyond from a "buy" rating to a "hold" rating and set a $9.00 price objective for the company. in a report on Wednesday, March 5th. Argus lowered Beyond from a "hold" rating to a "sell" rating in a research note on Wednesday, December 18th. Finally, Maxim Group dropped their target price on Beyond from $26.00 to $16.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Beyond currently has a consensus rating of "Hold" and a consensus target price of $9.64.
View Our Latest Report on BYON
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in BYON. Tidal Investments LLC grew its holdings in Beyond by 140.4% during the 4th quarter. Tidal Investments LLC now owns 2,406,746 shares of the company's stock valued at $11,865,000 after buying an additional 1,405,770 shares in the last quarter. State Street Corp grew its holdings in Beyond by 0.9% during the 3rd quarter. State Street Corp now owns 1,016,563 shares of the company's stock worth $10,247,000 after acquiring an additional 8,580 shares in the last quarter. Two Sigma Investments LP raised its stake in Beyond by 75.1% in the fourth quarter. Two Sigma Investments LP now owns 916,178 shares of the company's stock worth $4,517,000 after buying an additional 392,977 shares in the last quarter. Two Sigma Advisers LP lifted its stake in shares of Beyond by 362.8% during the 4th quarter. Two Sigma Advisers LP now owns 901,500 shares of the company's stock worth $4,444,000 after purchasing an additional 706,700 shares during the last quarter. Finally, Royce & Associates LP lifted its position in Beyond by 57.8% during the third quarter. Royce & Associates LP now owns 845,977 shares of the company's stock valued at $8,527,000 after acquiring an additional 309,810 shares during the last quarter. 76.30% of the stock is owned by hedge funds and other institutional investors.
Beyond Company Profile
(
Get Free Report)
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.
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