Marcus Lemonis Purchases 156,985 Shares of Beyond, Inc. (NYSE:BYON) Stock

Beyond, Inc. (NYSE:BYON) Chairman Marcus Lemonis bought 156,985 shares of Beyond stock in a transaction that occurred on Sunday, October 27th. The stock was purchased at an average price of $6.37 per share, with a total value of $999,994.45. Following the purchase, the chairman now directly owns 365,530 shares in the company, valued at $2,328,426.10. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Beyond Stock Down 3.6 %

BYON stock opened at $6.75 on Wednesday. Beyond, Inc. has a one year low of $6.06 and a one year high of $37.10. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.08 and a current ratio of 1.14. The firm’s fifty day moving average is $10.00 and its 200 day moving average is $13.39. The firm has a market cap of $308.81 million, a PE ratio of -0.83 and a beta of 3.65.

Beyond (NYSE:BYON) last posted its earnings results on Monday, July 29th. The company reported ($0.76) EPS for the quarter, beating analysts’ consensus estimates of ($0.89) by $0.13. The firm had revenue of $398.10 million for the quarter, compared to analysts’ expectations of $381.74 million. Beyond had a negative return on equity of 63.36% and a negative net margin of 22.82%. The company’s quarterly revenue was down 5.7% on a year-over-year basis. During the same period last year, the firm earned ($0.02) EPS. On average, research analysts forecast that Beyond, Inc. will post -3.55 EPS for the current year.

Analyst Ratings Changes

BYON has been the subject of several research analyst reports. Wedbush reduced their price objective on Beyond from $25.00 to $15.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Jefferies Financial Group reduced their price target on shares of Beyond from $14.00 to $11.00 and set a “hold” rating for the company in a research report on Monday, September 23rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Beyond in a report on Wednesday, October 23rd. Maxim Group reduced their target price on shares of Beyond from $33.00 to $26.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, Piper Sandler lowered their price target on shares of Beyond from $14.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Beyond has a consensus rating of “Hold” and a consensus price target of $16.50.

Institutional Trading of Beyond

Institutional investors have recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC acquired a new position in shares of Beyond during the 2nd quarter worth approximately $44,000. CWM LLC purchased a new stake in Beyond in the 2nd quarter worth $46,000. Hollencrest Capital Management acquired a new position in Beyond during the second quarter worth $46,000. Sunbelt Securities Inc. purchased a new position in Beyond during the second quarter valued at $47,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Beyond in the first quarter valued at about $66,000. 76.30% of the stock is owned by institutional investors and hedge funds.

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.