Beyond (NYSE:BYON) Hits New 1-Year Low at $12.16

Beyond, Inc. (NYSE:BYONGet Free Report)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $12.16 and last traded at $12.16, with a volume of 445147 shares changing hands. The stock had previously closed at $12.49.

Analyst Ratings Changes

A number of research analysts have commented on the company. Wedbush reaffirmed an “outperform” rating and set a $37.00 price target on shares of Beyond in a research report on Tuesday, May 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Beyond in a research note on Monday, May 20th. Maxim Group cut their price target on shares of Beyond from $50.00 to $36.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Bank of America decreased their price objective on shares of Beyond from $19.00 to $15.50 and set a “neutral” rating for the company in a report on Tuesday, June 18th. Finally, Piper Sandler cut their target price 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. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $30.36.

Get Our Latest Stock Report on BYON

Beyond Price Performance

The company’s 50 day moving average is $15.78 and its 200-day moving average is $23.65. 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 (NYSE:BYONGet Free Report) last announced its earnings results on Monday, May 6th. The company reported ($1.22) earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $389.36 million. During the same period in the prior year, the business posted ($0.10) EPS. Beyond’s revenue for the quarter was up .3% on a year-over-year basis. Equities research analysts expect that Beyond, Inc. will post -3.1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Chairman Marcus Lemonis purchased 3,700 shares of the stock in a transaction dated Friday, June 14th. The stock was purchased at an average price of $13.64 per share, with a total value of $50,468.00. Following the transaction, the chairman now directly owns 197,593 shares in the company, valued at $2,695,168.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Beyond news, Chairman Marcus Lemonis acquired 3,700 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were acquired at an average cost of $13.64 per share, with a total value of $50,468.00. Following the transaction, the chairman now owns 197,593 shares of the company’s stock, valued at approximately $2,695,168.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph J. Tabacco, Jr. bought 12,400 shares of Beyond stock in a transaction on Wednesday, May 8th. The stock was acquired at an average cost of $16.01 per share, with a total value of $198,524.00. Following the acquisition, the director now owns 97,458 shares in the company, valued at approximately $1,560,302.58. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 40,095 shares of company stock valued at $596,237. 1.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Beyond

A number of large investors have recently made changes to their positions in BYON. California State Teachers Retirement System purchased a new stake in Beyond in the first quarter worth approximately $1,479,000. DekaBank Deutsche Girozentrale bought a new stake in Beyond during the first quarter valued at approximately $71,000. Public Employees Retirement System of Ohio bought a new stake in shares of Beyond during the 1st quarter valued at $66,000. Janus Henderson Group PLC purchased a new stake in shares of Beyond in the 1st quarter worth $702,000. Finally, CANADA LIFE ASSURANCE Co bought a new position in Beyond in the 1st quarter worth $157,000. 76.30% of the stock is currently owned by institutional investors.

Beyond Company Profile

(Get Free Report)

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.

Further Reading

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