Marcus Lemonis Buys 19,193 Shares of Beyond, Inc. (NYSE:BYON) Stock

Beyond, Inc. (NYSE:BYON) Chairman Marcus Lemonis acquired 19,193 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $5.03 per share, for a total transaction of $96,540.79. Following the completion of the transaction, the chairman now directly owns 456,151 shares of the company’s stock, valued at $2,294,439.53. This trade represents a 4.39 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Beyond Price Performance

BYON opened at $5.64 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.91 and a current ratio of 0.97. Beyond, Inc. has a 1-year low of $4.45 and a 1-year high of $37.10. The company has a 50-day moving average of $7.04 and a 200-day moving average of $7.52. The company has a market capitalization of $299.47 million, a P/E ratio of -0.76 and a beta of 3.91.

Beyond (NYSE:BYON) last announced its quarterly earnings data on Monday, February 24th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.74) by ($0.17). The firm had revenue of $303.15 million for the quarter, compared to analyst estimates of $337.96 million. Beyond had a negative net margin of 22.82% and a negative return on equity of 69.32%. Equities analysts expect that Beyond, Inc. will post -3.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wedbush reiterated an “outperform” rating and set a $15.00 target price on shares of Beyond in a report on Wednesday, February 5th. Barclays reduced their target price on shares of Beyond from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 9th. Needham & Company LLC lowered shares of Beyond from a “buy” rating to a “hold” rating and set a $9.00 price target for the company. in a report on Wednesday, March 5th. Jefferies Financial Group cut their price objective on shares of Beyond from $7.25 to $6.50 and set a “hold” rating on the stock in a report on Monday, March 10th. Finally, Argus downgraded Beyond from a “hold” rating to a “sell” rating in a research note on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Beyond has a consensus rating of “Hold” and an average target price of $9.64.

Hedge Funds Weigh In On Beyond

Hedge funds have recently added to or reduced their stakes in the business. Tidal Investments LLC raised its holdings in shares of Beyond by 140.4% during the fourth quarter. Tidal Investments LLC now owns 2,406,746 shares of the company’s stock worth $11,865,000 after purchasing an additional 1,405,770 shares during the period. Two Sigma Advisers LP grew its position in shares of Beyond by 362.8% during the 4th quarter. Two Sigma Advisers LP now owns 901,500 shares of the company’s stock valued at $4,444,000 after buying an additional 706,700 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Beyond by 654.5% during the fourth quarter. BNP Paribas Financial Markets now owns 668,415 shares of the company’s stock worth $3,295,000 after acquiring an additional 579,826 shares during the period. Federated Hermes Inc. lifted its holdings in Beyond by 390.0% in the fourth quarter. Federated Hermes Inc. now owns 728,158 shares of the company’s stock worth $3,590,000 after acquiring an additional 579,565 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in Beyond by 1,162.8% in the fourth quarter. Deutsche Bank AG now owns 480,424 shares of the company’s stock valued at $2,368,000 after acquiring an additional 442,380 shares during the period. Institutional investors and hedge funds 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.