Barclay F. Corbus Buys 5,000 Shares of Beyond, Inc. (NYSE:BYON) Stock

Beyond, Inc. (NYSE:BYON) Director Barclay F. Corbus acquired 5,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were acquired at an average price of $10.66 per share, with a total value of $53,300.00. Following the completion of the purchase, the director now owns 66,668 shares in the company, valued at approximately $710,680.88. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Beyond Price Performance

NYSE BYON traded down $0.65 on Thursday, hitting $10.65. The company had a trading volume of 4,573,864 shares, compared to its average volume of 1,820,434. The company has a market capitalization of $487.24 million, a PE ratio of -1.31 and a beta of 3.70. The company’s fifty day moving average price is $13.83 and its 200-day moving average price is $22.00. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 1.19. Beyond, Inc. has a 12-month low of $10.32 and a 12-month high of $39.27.

Beyond (NYSE:BYON) last issued its quarterly earnings results on Monday, July 29th. The company reported ($0.76) EPS for the quarter, topping the consensus estimate of ($0.89) by $0.13. Beyond had a negative net margin of 22.03% and a negative return on equity of 44.66%. The company had revenue of $398.10 million during the quarter, compared to analyst estimates of $381.74 million. During the same quarter in the previous year, the firm earned ($0.02) EPS. The firm’s revenue was down 5.7% compared to the same quarter last year. As a group, analysts predict that Beyond, Inc. will post -3.3 earnings per share for the current year.

Institutional Investors Weigh In On Beyond

A number of large investors have recently modified their holdings of the business. SRN Advisors LLC grew its holdings in shares of Beyond by 2.4% during the first quarter. SRN Advisors LLC now owns 44,631 shares of the company’s stock worth $1,603,000 after buying an additional 1,061 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Beyond in the first quarter valued at about $66,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Beyond in the first quarter valued at about $71,000. Lazard Asset Management LLC purchased a new stake in shares of Beyond in the first quarter valued at about $70,000. Finally, CWM LLC purchased a new stake in shares of Beyond in the second quarter valued at about $46,000. Hedge funds and other institutional investors own 76.30% of the company’s stock.

Wall Street Analysts Forecast Growth

BYON has been the subject of several research reports. Piper Sandler decreased their price objective on shares of Beyond from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday. Wedbush decreased their price objective on shares of Beyond from $37.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday. Needham & Company LLC reiterated a “hold” rating on shares of Beyond in a research note on Monday, May 20th. Bank of America decreased their target price on shares of Beyond from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Barclays decreased their target price on shares of Beyond from $22.00 to $16.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.29.

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.