Beyond (NYSE:BYON) Trading Down 3.3%

Shares of Beyond, Inc. (NYSE:BYON - Get Free Report) fell 3.3% on Wednesday . The stock traded as low as $12.41 and last traded at $12.44. 683,038 shares traded hands during trading, a decline of 59% from the average session volume of 1,666,992 shares. The stock had previously closed at $12.87.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BYON. Bank of America decreased their price target on shares of Beyond from $19.00 to $15.50 and set a "neutral" rating for the company in a research note on Tuesday, June 18th. Maxim Group dropped their price target on Beyond from $50.00 to $36.00 and set a "buy" rating for the company in a research note on Wednesday, May 8th. Barclays lowered their price objective on shares of Beyond from $30.00 to $22.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 8th. Wedbush reaffirmed an "outperform" rating and set a $37.00 target price on shares of Beyond in a research report on Tuesday, May 14th. Finally, Needham & Company LLC restated a "hold" rating on shares of Beyond in a report on Monday, May 20th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $30.36.

Beyond Stock Performance

The company has a current ratio of 1.24, a quick ratio of 1.19 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $571.88 million, a price-to-earnings ratio of -1.56 and a beta of 3.71. The firm has a 50-day moving average of $16.34 and a 200-day moving average of $23.91.

Beyond (NYSE:BYON - Get Free Report) last issued its earnings results on Monday, May 6th. The company reported ($1.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.92) by ($0.30). Beyond had a negative net margin of 23.67% and a negative return on equity of 32.05%. The company had revenue of $382.28 million during the quarter, compared to analysts' expectations of $389.36 million. During the same quarter in the previous year, the company earned ($0.10) earnings per share. The firm's quarterly revenue was up .3% compared to the same quarter last year. As a group, sell-side analysts predict that Beyond, Inc. will post -3.1 earnings per share for the current year.

Insider Buying and Selling

In other news, Chairman Marcus Lemonis purchased 3,700 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were acquired at an average price of $13.64 per share, for a total transaction of $50,468.00. Following the acquisition, the chairman now directly owns 197,593 shares in the company, valued at approximately $2,695,168.52. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Joseph J. Tabacco, Jr. bought 12,400 shares of the firm's stock in a transaction dated Wednesday, May 8th. The stock was bought at an average price of $16.01 per share, for a total transaction of $198,524.00. Following the transaction, the director now owns 97,458 shares in the company, valued at $1,560,302.58. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Marcus Lemonis acquired 3,700 shares of the company's stock in a transaction that occurred on Friday, June 14th. The stock was purchased at an average cost of $13.64 per share, for a total transaction of $50,468.00. Following the acquisition, the chairman now owns 197,593 shares in the company, valued at $2,695,168.52. The disclosure for this purchase can be found here. Insiders have purchased a total of 40,095 shares of company stock valued at $596,237 over the last quarter. 1.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Beyond

Institutional investors and hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio bought a new position in Beyond in the first quarter worth $66,000. DekaBank Deutsche Girozentrale bought a new position in Beyond during the 1st quarter worth approximately $71,000. Lazard Asset Management LLC bought a new stake in shares of Beyond in the first quarter worth about $70,000. CANADA LIFE ASSURANCE Co bought a new stake in Beyond in the 1st quarter valued at $157,000. Finally, Cetera Advisors LLC bought a new position in shares of Beyond during the 1st quarter worth approximately $233,000. 76.30% of the stock is owned by institutional investors and hedge funds.

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.