Beyond, Inc. (NYSE:BYON) Chairman Marcus Lemonis Purchases 19,193 Shares

Beyond, Inc. (NYSE:BYON) Chairman Marcus Lemonis purchased 19,193 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average cost 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 of the company’s stock, valued at approximately $2,294,439.53. This trade represents a 4.39 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Beyond Price Performance

NYSE:BYON traded down $0.29 during mid-day trading on Thursday, hitting $5.04. 2,863,935 shares of the company’s stock traded hands, compared to its average volume of 3,377,091. Beyond, Inc. has a 1 year low of $4.45 and a 1 year high of $37.10. The company has a market cap of $267.59 million, a PE ratio of -0.68 and a beta of 3.91. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.91 and a current ratio of 0.97. The firm’s 50 day simple moving average is $7.05 and its 200 day simple moving average is $7.60.

Beyond (NYSE:BYON) last posted its earnings results on Monday, February 24th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.74) by ($0.17). The company 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%. Sell-side analysts expect that Beyond, Inc. will post -3.75 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on BYON shares. Needham & Company LLC lowered shares of Beyond from a “buy” rating to a “hold” rating and set a $9.00 price target on the stock. in a research note on Wednesday, March 5th. Jefferies Financial Group reduced their price target on Beyond from $7.25 to $6.50 and set a “hold” rating for the company in a report on Monday. Wedbush reaffirmed an “outperform” rating and set a $15.00 price objective on shares of Beyond in a report on Wednesday, February 5th. Barclays reduced their target price on Beyond from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Thursday, January 9th. Finally, Argus downgraded shares of Beyond from a “hold” rating to a “sell” rating in a report on Wednesday, December 18th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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. JPMorgan Chase & Co. grew its holdings in shares of Beyond by 34.7% during the third quarter. JPMorgan Chase & Co. now owns 389,694 shares of the company’s stock worth $3,928,000 after buying an additional 100,335 shares in the last quarter. Royce & Associates LP grew its stake in Beyond by 57.8% in the 3rd quarter. Royce & Associates LP now owns 845,977 shares of the company’s stock worth $8,527,000 after acquiring an additional 309,810 shares during the period. Franklin Resources Inc. raised its holdings in 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 acquiring an additional 2,411 shares during the last quarter. Refined Wealth Management lifted its stake in shares of Beyond by 14.8% during the 4th quarter. Refined Wealth Management now owns 401,095 shares of the company’s stock worth $1,977,000 after purchasing an additional 51,763 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Beyond by 14.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 98,621 shares of the company’s stock worth $994,000 after purchasing an additional 12,794 shares during the last quarter. 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.