Beyond, Inc. (NYSE:BYON) Chairman Marcus Lemonis Acquires 156,985 Shares

Beyond, Inc. (NYSE:BYON - Get Free Report) Chairman Marcus Lemonis purchased 156,985 shares of the firm's stock in a transaction on Sunday, October 27th. The stock was bought at an average cost of $6.37 per share, with a total value of $999,994.45. Following the acquisition, the chairman now owns 365,530 shares of the company's stock, valued at approximately $2,328,426.10. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Beyond Trading Up 9.7 %

Shares of Beyond stock traded up $0.62 on Monday, reaching $6.99. The company had a trading volume of 5,952,574 shares, compared to its average volume of 1,916,927. The firm's 50 day moving average price is $10.14 and its two-hundred day moving average price is $13.67. The firm has a market cap of $319.79 million, a PE ratio of -0.87 and a beta of 3.65. Beyond, Inc. has a 52-week low of $6.06 and a 52-week high of $37.10. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.08 and a current ratio of 1.14.

Beyond (NYSE:BYON - Get Free Report) last announced its quarterly earnings data on Monday, July 29th. The company reported ($0.76) earnings per share for the quarter, beating analysts' consensus estimates of ($0.89) by $0.13. The firm had revenue of $398.10 million during the quarter, compared to analysts' expectations of $381.74 million. Beyond had a negative net margin of 22.82% and a negative return on equity of 63.36%. The business's quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.02) earnings per share. Sell-side analysts predict that Beyond, Inc. will post -3.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Semanteon Capital Management LP grew its holdings in shares of Beyond by 76.2% in the third quarter. Semanteon Capital Management LP now owns 113,959 shares of the company's stock valued at $1,149,000 after purchasing an additional 49,300 shares in the last quarter. SRN Advisors LLC grew its holdings in shares of Beyond by 48.6% in the third quarter. SRN Advisors LLC now owns 121,001 shares of the company's stock valued at $1,220,000 after purchasing an additional 39,596 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Beyond in the third quarter valued at approximately $2,035,000. Fortis Group Advisors LLC grew its holdings in shares of Beyond by 14.4% in the third quarter. Fortis Group Advisors LLC now owns 13,689 shares of the company's stock valued at $138,000 after purchasing an additional 1,724 shares in the last quarter. Finally, Capstone Wealth Management Group LLC grew its holdings in Beyond by 28.5% during the 3rd quarter. Capstone Wealth Management Group LLC now owns 94,323 shares of the company's stock worth $951,000 after acquiring an additional 20,923 shares in the last quarter. Institutional investors and hedge funds own 76.30% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BYON. Barclays cut their price objective on shares of Beyond from $22.00 to $16.00 and set an "equal weight" rating on the stock in a research note on Friday, July 26th. Jefferies Financial Group dropped their target price 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. Piper Sandler dropped their target price on shares of Beyond from $14.00 to $8.00 and set a "neutral" rating on the stock in a research report on Friday. Maxim Group decreased their price target on shares of Beyond from $33.00 to $26.00 and set a "buy" rating on the stock in a research note on Friday. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $13.00 target price on shares of Beyond in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $17.50.

Beyond Company Profile

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.