Marcus Lemonis Buys 19,193 Shares of Beyond, Inc. (NYSE:BYON) Stock

Beyond, Inc. (NYSE:BYON) Chairman Marcus Lemonis purchased 19,193 shares of the stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $5.03 per share, with a total value of $96,540.79. Following the completion of the acquisition, the chairman now owns 456,151 shares in the company, valued at approximately $2,294,439.53. This trade represents a 4.39 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Beyond Stock Down 5.4 %

Beyond stock traded down $0.29 during trading on Thursday, reaching $5.04. The stock had a trading volume of 2,863,935 shares, compared to its average volume of 3,377,091. Beyond, Inc. has a 52-week low of $4.45 and a 52-week high of $37.10. The business has a 50 day moving average price of $7.05 and a 200 day moving average price of $7.60. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. The stock has a market cap of $267.59 million, a PE ratio of -0.68 and a beta of 3.91.

Beyond (NYSE:BYON) last posted its earnings results on Monday, February 24th. The company reported ($0.91) EPS for the quarter, missing the consensus estimate of ($0.74) by ($0.17). The business had revenue of $303.15 million during the quarter, compared to analysts’ expectations of $337.96 million. Beyond had a negative net margin of 22.82% and a negative return on equity of 69.32%. On average, analysts predict that Beyond, Inc. will post -3.75 EPS for the current year.

Analyst Upgrades and Downgrades

BYON has been the subject of a number of recent analyst reports. Wedbush reiterated an “outperform” rating and set a $15.00 price target on shares of Beyond in a research report on Wednesday, February 5th. Barclays cut their target price on Beyond from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 9th. Maxim Group lowered their price target on Beyond from $26.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Jefferies Financial Group decreased their target price on Beyond from $7.25 to $6.50 and set a “hold” rating on the stock in a research note on Monday. Finally, Needham & Company LLC cut Beyond from a “buy” rating to a “hold” rating and set a $9.00 target price for the company. in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $9.64.

Institutional Trading of Beyond

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its stake in Beyond by 1.0% in the fourth quarter. Bank of New York Mellon Corp now owns 136,405 shares of the company’s stock valued at $672,000 after acquiring an additional 1,292 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Beyond by 12.8% in the 3rd quarter. Franklin Resources Inc. now owns 21,299 shares of the company’s stock valued at $217,000 after purchasing an additional 2,411 shares during the period. Skandinaviska Enskilda Banken AB publ grew its stake in Beyond by 68.4% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 6,592 shares of the company’s stock worth $32,000 after buying an additional 2,678 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Beyond by 25.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,127 shares of the company’s stock worth $152,000 after buying an additional 3,059 shares during the period. Finally, Dupree Financial Group LLC lifted its stake in Beyond by 4.6% in the fourth quarter. Dupree Financial Group LLC now owns 94,149 shares of the company’s stock valued at $464,000 after buying an additional 4,107 shares during the last quarter. Institutional investors and hedge funds 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.