Beyond (NYSE:BYON) Stock Price Down 3.3%

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

Analyst Ratings Changes

Several brokerages have recently weighed in on BYON. Barclays dropped their price objective on shares of Beyond from $30.00 to $22.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 8th. Bank of America decreased their price objective on Beyond from $19.00 to $15.50 and set a “neutral” rating for the company in a report on Tuesday, June 18th. Wedbush reiterated an “outperform” rating and issued a $37.00 target price on shares of Beyond in a report on Tuesday, May 14th. Piper Sandler reduced their price target on shares of Beyond from $26.00 to $17.00 and set a “neutral” 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 report on Monday, May 20th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $30.36.

Beyond Trading Down 2.5 %

The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 1.19. The firm’s fifty day moving average is $15.97 and its two-hundred day moving average is $23.75. The firm has a market capitalization of $557.24 million, a PE ratio of -1.50 and a beta of 3.70.

Beyond (NYSE:BYON) last issued its quarterly earnings results on Monday, May 6th. The company reported ($1.22) EPS 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%. The business’s revenue was up .3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.10) earnings per share. On average, equities analysts predict that Beyond, Inc. will post -3.1 EPS for the current fiscal year.

Insider Buying and Selling 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 acquired at an average cost of $16.01 per share, with a total value of $198,524.00. Following the completion of the acquisition, the director now directly 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 can be accessed through this link. In other Beyond news, Chairman Marcus Lemonis acquired 6,920 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was bought at an average price of $14.13 per share, with a total value of $97,779.60. Following the completion of the acquisition, the chairman now owns 193,893 shares of the company’s stock, valued at $2,739,708.09. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph J. Tabacco, Jr. acquired 12,400 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were bought at an average cost of $16.01 per share, with a total value of $198,524.00. Following the completion of the acquisition, the director now directly owns 97,458 shares in the company, valued at approximately $1,560,302.58. The disclosure for this purchase can be found here. Insiders have purchased a total of 40,095 shares of company stock worth $596,237 over the last three months. 1.20% of the stock is currently owned by insiders.

Institutional Trading of Beyond

A number of institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System bought a new stake in Beyond in the 1st quarter worth $1,479,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Beyond during the first quarter worth about $71,000. Public Employees Retirement System of Ohio bought a new stake in shares of Beyond in the first quarter worth about $66,000. Janus Henderson Group PLC purchased a new position in Beyond during the 1st quarter valued at about $702,000. Finally, CANADA LIFE ASSURANCE Co bought a new position in Beyond during the 1st quarter valued at approximately $157,000. Hedge funds and other 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.