Beyond (NYSE:BYON) Shares Down 3.3%

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

Analyst Upgrades and Downgrades

BYON has been the topic of a number of analyst reports. Maxim Group decreased their price objective on Beyond from $50.00 to $36.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. Barclays decreased their price target on Beyond from $30.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 8th. Bank of America decreased their price target on Beyond from $19.00 to $15.50 and set a “neutral” rating on the stock in a research note on Tuesday, June 18th. Needham & Company LLC reissued a “hold” rating on shares of Beyond in a research note on Monday, May 20th. Finally, Piper Sandler decreased their price target on Beyond from $26.00 to $17.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. Four 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, the company currently has an average rating of “Hold” and a consensus target price of $30.36.

Beyond Trading Down 3.0 %

The firm has a market capitalization of $571.42 million, a PE ratio of -1.56 and a beta of 3.71. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.19 and a current ratio of 1.24. The firm has a fifty day moving average of $16.34 and a 200 day moving average of $23.91.

Beyond (NYSE:BYON) last announced its earnings results on Monday, May 6th. The company reported ($1.22) EPS for the quarter, missing the consensus estimate of ($0.92) by ($0.30). The company had revenue of $382.28 million for the quarter, compared to analysts’ expectations of $389.36 million. Beyond had a negative net margin of 23.67% and a negative return on equity of 32.05%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.10) earnings per share. Equities research analysts expect that Beyond, Inc. will post -3.1 EPS for the current year.

Insider Activity at Beyond

In other Beyond news, Director Joseph J. Tabacco, Jr. acquired 12,400 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were bought at an average cost of $16.01 per share, for a total transaction of $198,524.00. Following the acquisition, the director now directly owns 97,458 shares of the company’s stock, valued at $1,560,302.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Beyond news, Director Joseph J. Tabacco, Jr. acquired 12,400 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were bought at an average cost of $16.01 per share, for a total transaction of $198,524.00. Following the acquisition, the director now directly owns 97,458 shares of the company’s stock, valued at $1,560,302.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Marcus Lemonis purchased 17,075 shares of the stock in a transaction dated Thursday, June 6th. The stock was purchased at an average price of $14.61 per share, with a total value of $249,465.75. Following the completion of the acquisition, the chairman now directly owns 186,973 shares in the company, valued at approximately $2,731,675.53. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 40,095 shares of company stock worth $596,237. 1.20% of the stock is currently owned by company insiders.

Institutional Trading of Beyond

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

About Beyond

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.