Joanna Catherine Burkey Sells 610 Shares of Beyond, Inc. (NYSE:BYON) Stock

Beyond, Inc. (NYSE:BYON) Director Joanna Catherine Burkey sold 610 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $16.73, for a total transaction of $10,205.30. Following the transaction, the director now owns 5,372 shares of the company’s stock, valued at approximately $89,873.56. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Beyond Trading Up 2.7 %

Shares of BYON stock traded up $0.42 during trading hours on Friday, hitting $15.96. 1,488,156 shares of the company were exchanged, compared to its average volume of 2,661,512. Beyond, Inc. has a 1 year low of $13.71 and a 1 year high of $39.27. The company has a current ratio of 1.24, a quick ratio of 1.19 and a debt-to-equity ratio of 0.12. The firm has a fifty day moving average of $25.07 and a 200 day moving average of $24.83.

Beyond (NYSE:BYON) last posted its quarterly 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). Beyond had a negative net margin of 23.67% and a negative return on equity of 32.05%. The business had revenue of $382.28 million during the quarter, compared to analysts’ expectations of $389.36 million. During the same quarter in the previous year, the business posted ($0.10) EPS. The company’s quarterly revenue was up .3% on a year-over-year basis. As a group, equities research analysts predict that Beyond, Inc. will post -2.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Beyond

A number of hedge funds have recently added to or reduced their stakes in the business. Cetera Advisors LLC bought a new stake in shares of Beyond during the first quarter valued at about $233,000. Price T Rowe Associates Inc. MD bought a new stake in shares of Beyond during the first quarter valued at about $795,000. California State Teachers Retirement System bought a new stake in shares of Beyond during the first quarter valued at about $1,479,000. Public Employees Retirement System of Ohio bought a new stake in shares of Beyond during the first quarter valued at about $66,000. Finally, Janus Henderson Group PLC bought a new stake in shares of Beyond during the first quarter valued at about $702,000. Institutional investors and hedge funds own 76.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on BYON shares. Maxim Group cut their price objective 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. Needham & Company LLC reaffirmed a “hold” rating on shares of Beyond in a research note on Monday, May 20th. Compass Point assumed coverage on shares of Beyond in a research note on Thursday, February 1st. They set a “buy” rating and a $45.00 price target on the stock. Piper Sandler lowered their price target on shares of Beyond from $26.00 to $17.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. Finally, Barclays lowered their price target on shares of Beyond from $30.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 8th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Beyond presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.83.

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.