Beyond (NYSE:BYON) Hits New 1-Year Low at $12.16

Shares of Beyond, Inc. (NYSE:BYON) hit a new 52-week low during trading on Friday . The stock traded as low as $12.16 and last traded at $12.16, with a volume of 445147 shares changing hands. The stock had previously closed at $12.49.

Analyst Ratings Changes

Several brokerages have recently commented on BYON. Bank of America lowered their target price on shares of Beyond from $19.00 to $15.50 and set a “neutral” rating for the company in a report on Tuesday, June 18th. Barclays reduced their price target 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 restated an “outperform” rating and set a $37.00 price target on shares of Beyond in a research report on Tuesday, May 14th. Maxim Group reduced their price target on shares of Beyond from $50.00 to $36.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Finally, Needham & Company LLC restated a “hold” rating on shares of Beyond in a research 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $30.36.

Beyond Price Performance

The company has a quick ratio of 1.19, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. The stock has a market cap of $559.07 million, a P/E ratio of -1.53 and a beta of 3.70. The business’s 50-day simple moving average is $15.97 and its two-hundred day simple moving average is $23.75.

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

Insider Activity

In related news, Director Joseph J. Tabacco, Jr. bought 12,400 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average cost of $16.01 per share, with a total value of $198,524.00. Following the completion of the purchase, the director now directly owns 97,458 shares of the company’s stock, valued at approximately $1,560,302.58. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Joseph J. Tabacco, Jr. bought 12,400 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were acquired at an average cost of $16.01 per share, with a total value of $198,524.00. Following the completion of the purchase, the director now directly owns 97,458 shares of the company’s stock, valued at approximately $1,560,302.58. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Marcus Lemonis bought 3,700 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was bought at an average cost of $13.64 per share, for a total transaction of $50,468.00. Following the completion of the purchase, the chairman now directly owns 197,593 shares of the company’s stock, valued at $2,695,168.52. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 40,095 shares of company stock worth $596,237. 1.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new stake in Beyond in the first quarter valued at $66,000. Lazard Asset Management LLC bought a new stake in Beyond in the first quarter valued at $70,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Beyond during the 1st quarter valued at $71,000. CANADA LIFE ASSURANCE Co purchased a new stake in shares of Beyond in the 1st quarter worth about $157,000. Finally, Cetera Advisors LLC purchased a new stake in shares of Beyond in the 1st quarter worth about $233,000. Institutional investors own 76.30% of the company’s stock.

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.