Beyond, Inc. (NYSE:BYON - Get Free Report) Chairman Marcus Lemonis acquired 19,193 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of $5.03 per share, with a total value of $96,540.79. Following the completion of the transaction, the chairman now directly owns 456,151 shares in the company, valued at approximately $2,294,439.53. This trade represents a 4.39 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Beyond Trading Down 5.2 %
NYSE:BYON traded down $0.30 during mid-day trading on Monday, hitting $5.33. The company had a trading volume of 1,072,394 shares, compared to its average volume of 3,336,370. Beyond, Inc. has a fifty-two week low of $4.45 and a fifty-two week high of $37.10. The business's fifty day moving average is $7.04 and its two-hundred day moving average is $7.50. 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 $283.00 million, a P/E ratio of -0.72 and a beta of 3.91.
Beyond (NYSE:BYON - Get Free Report) last released its earnings results 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). Beyond had a negative net margin of 22.82% and a negative return on equity of 69.32%. The company had revenue of $303.15 million during the quarter, compared to analyst estimates of $337.96 million. As a group, research analysts expect that Beyond, Inc. will post -3.75 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC bought a new position in Beyond in the fourth quarter valued at approximately $30,000. R Squared Ltd bought a new position in Beyond in the fourth quarter valued at approximately $32,000. Skandinaviska Enskilda Banken AB publ grew its stake in Beyond by 68.4% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 6,592 shares of the company's stock valued at $32,000 after purchasing an additional 2,678 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Beyond in the fourth quarter valued at approximately $32,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Beyond in the fourth quarter valued at approximately $39,000. 76.30% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
BYON has been the topic of a number of recent analyst reports. Barclays cut their price objective on Beyond from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 9th. Jefferies Financial Group cut their price objective on Beyond from $7.25 to $6.50 and set a "hold" rating on the stock in a research note on Monday, March 10th. Needham & Company LLC downgraded Beyond from a "buy" rating to a "hold" rating and set a $9.00 price objective on the stock. in a research note on Wednesday, March 5th. Argus downgraded Beyond from a "hold" rating to a "sell" rating in a research note on Wednesday, December 18th. Finally, Wedbush reissued an "outperform" rating and issued a $15.00 price objective on shares of Beyond in a research note on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $9.64.
Check Out Our Latest Stock Analysis on Beyond
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 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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