Beyond (NYSE:BYON) Sets New 52-Week Low at $12.55

Beyond, Inc. (NYSE:BYONGet Free Report) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $12.55 and last traded at $12.77, with a volume of 250766 shares. The stock had previously closed at $13.17.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Beyond in a report on Monday, May 20th. Piper Sandler cut their price target on Beyond from $26.00 to $17.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Maxim Group reduced their price target on Beyond from $50.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Barclays dropped their price objective on Beyond from $30.00 to $22.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 8th. Finally, Bank of America reduced their target price on Beyond from $19.00 to $15.50 and set a “neutral” rating for the company in a research note on Tuesday, June 18th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $30.36.

View Our Latest Analysis on Beyond

Beyond Trading Down 2.7 %

The company has a market capitalization of $586.52 million, a PE ratio of -1.56 and a beta of 3.80. The company has a 50 day simple moving average of $17.60 and a 200 day simple moving average of $24.39. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.19 and a current ratio of 1.24.

Beyond (NYSE:BYONGet Free Report) last posted its quarterly earnings data on Monday, May 6th. The company reported ($1.22) EPS for the quarter, missing the consensus estimate of ($0.92) by ($0.30). The firm had revenue of $382.28 million during the quarter, compared to analyst estimates of $389.36 million. Beyond had a negative net margin of 23.67% and a negative return on equity of 32.05%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.10) earnings per share. Analysts anticipate that Beyond, Inc. will post -3.1 earnings per share for the current year.

Insider Activity

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

Hedge Funds Weigh In On Beyond

A number of institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Beyond during the 1st quarter worth approximately $66,000. DekaBank Deutsche Girozentrale purchased a new stake in Beyond in the first quarter valued at $71,000. Lazard Asset Management LLC purchased a new position in shares of Beyond during the 1st quarter worth $70,000. CANADA LIFE ASSURANCE Co acquired a new stake in shares of Beyond during the 1st quarter worth about $157,000. Finally, Cetera Advisors LLC purchased a new stake in Beyond in the 1st quarter valued at about $233,000. 76.30% of the stock is owned by hedge funds and other institutional investors.

About Beyond

(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, d├ęcor, storage and organization, small appliances, home improvement, and other products under the Bed Bath & Beyond brand.

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