Beyond, Inc. (NYSE:BYON) Chairman Buys $50,468.00 in Stock

Beyond, Inc. (NYSE:BYONGet Free Report) Chairman Marcus Lemonis purchased 3,700 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was bought at an average cost of $13.64 per share, with a total value of $50,468.00. Following the purchase, the chairman now owns 197,593 shares of the company’s stock, valued at $2,695,168.52. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Marcus Lemonis also recently made the following trade(s):

  • On Monday, June 10th, Marcus Lemonis purchased 6,920 shares of Beyond stock. The stock was bought at an average cost of $14.13 per share, with a total value of $97,779.60.
  • On Thursday, June 6th, Marcus Lemonis bought 17,075 shares of Beyond stock. The shares were bought at an average cost of $14.61 per share, with a total value of $249,465.75.

Beyond Price Performance

NYSE:BYON traded down $0.12 during trading hours on Monday, hitting $13.54. 2,268,744 shares of the stock were exchanged, compared to its average volume of 1,662,405. 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 firm’s fifty day moving average price is $19.29 and its 200 day moving average price is $24.74. The company has a market cap of $619.46 million, a P/E ratio of -1.61 and a beta of 3.80. Beyond, Inc. has a 52-week low of $13.00 and a 52-week high of $39.27.

Beyond (NYSE:BYONGet Free Report) last issued its quarterly earnings data 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). The firm had revenue of $382.28 million for the quarter, compared to analysts’ expectations of $389.36 million. Beyond had a negative return on equity of 32.05% and a negative net margin of 23.67%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.10) EPS. As a group, equities research analysts anticipate that Beyond, Inc. will post -2.99 EPS for the current fiscal year.

Institutional Trading of Beyond

A number of institutional investors and hedge funds have recently made changes to their positions in BYON. SRN Advisors LLC boosted its position in Beyond by 2.4% in the 1st quarter. SRN Advisors LLC now owns 44,631 shares of the company’s stock valued at $1,603,000 after buying an additional 1,061 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Beyond during the first quarter worth about $66,000. DekaBank Deutsche Girozentrale bought a new position in shares of Beyond during the first quarter worth about $71,000. Lazard Asset Management LLC bought a new position in shares of Beyond during the first quarter worth about $70,000. Finally, CANADA LIFE ASSURANCE Co bought a new position in shares of Beyond during the first quarter worth about $157,000. 76.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BYON has been the subject of a number of recent research reports. Barclays dropped their target price on Beyond from $30.00 to $22.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 8th. Needham & Company LLC reissued a “hold” rating on shares of Beyond in a research note on Monday, May 20th. Maxim Group reduced their target price on Beyond from $50.00 to $36.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. Wedbush reaffirmed an “outperform” rating and issued a $37.00 price target on shares of Beyond in a research note on Tuesday, May 14th. Finally, Piper Sandler dropped their target price on Beyond from $26.00 to $17.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Beyond presently has an average rating of “Moderate Buy” and a consensus price target of $32.83.

View Our Latest Analysis on Beyond

About Beyond

(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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