Beyond (NYSE:BYON) Trading Up 3.2%

Beyond, Inc. (NYSE:BYON) shares were up 3.2% during mid-day trading on Wednesday . The company traded as high as $11.01 and last traded at $10.99. Approximately 71,421 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 1,835,084 shares. The stock had previously closed at $10.65.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Piper Sandler cut their price target on Beyond from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. Wedbush cut their target price on shares of Beyond from $37.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Bank of America decreased their price target on shares of Beyond from $15.50 to $15.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Finally, Barclays cut their price target on shares of Beyond from $22.00 to $16.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $27.29.

Beyond Stock Up 0.9 %

The stock’s 50-day moving average price is $11.25 and its 200-day moving average price is $18.27. The company has a current ratio of 1.14, a quick ratio of 1.08 and a debt-to-equity ratio of 0.14. The stock has a market cap of $501.88 million, a price-to-earnings ratio of -1.35 and a beta of 3.65.

Beyond (NYSE:BYON) last released its earnings results on Monday, July 29th. The company reported ($0.76) earnings per share (EPS) for the quarter, beating 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 49.00%. The business had revenue of $398.10 million for the quarter, compared to analyst estimates of $381.74 million. During the same quarter in the previous year, the business earned ($0.02) earnings per share. Beyond’s revenue for the quarter was down 5.7% on a year-over-year basis. On average, sell-side analysts expect that Beyond, Inc. will post -3.54 earnings per share for the current year.

Insider Activity at Beyond

In other Beyond news, Director Barclay F. Corbus bought 5,000 shares of the stock in a transaction on Thursday, August 1st. The stock was acquired at an average cost of $10.66 per share, for a total transaction of $53,300.00. Following the completion of the acquisition, the director now owns 66,668 shares in the company, valued at approximately $710,680.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Barclay F. Corbus acquired 5,000 shares of Beyond stock in a transaction dated Thursday, August 1st. The stock was bought at an average price of $10.66 per share, with a total value of $53,300.00. Following the transaction, the director now directly owns 66,668 shares in the company, valued at approximately $710,680.88. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director William Benjamin Nettles, Jr. sold 10,412 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $9.35, for a total transaction of $97,352.20. Following the transaction, the director now owns 11,368 shares in the company, valued at approximately $106,290.80. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Beyond

Institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new stake in Beyond in the 1st quarter valued at about $66,000. DekaBank Deutsche Girozentrale acquired a new stake in Beyond in the first quarter valued at approximately $71,000. Lazard Asset Management LLC bought a new stake in shares of Beyond during the first quarter valued at approximately $70,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Beyond during the second quarter worth approximately $44,000. Finally, Hollencrest Capital Management bought a new position in shares of Beyond in the 2nd quarter worth $46,000. Institutional investors 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.