Investors Buy High Volume of Call Options on Beyond (NYSE:BYON)

Beyond, Inc. (NYSE:BYON) was the target of unusually large options trading on Monday. Stock investors bought 8,646 call options on the stock. This is an increase of approximately 49% compared to the typical daily volume of 5,822 call options.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Barclays upped their price target on shares of Beyond from $24.00 to $30.00 and gave the company an “equal weight” rating in a report on Thursday, February 22nd. Wedbush reiterated an “outperform” rating and set a $43.00 target price on shares of Beyond in a report on Friday, April 19th. Piper Sandler cut their price target on Beyond from $27.00 to $26.00 and set a “neutral” rating on the stock in a report on Thursday, April 18th. Maxim Group assumed coverage on Beyond in a report on Wednesday, April 17th. They set a “buy” rating and a $50.00 price objective for the company. Finally, Compass Point started coverage on Beyond in a research note on Thursday, February 1st. They issued a “buy” rating and a $45.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

Beyond Trading Down 4.0 %

Shares of NYSE BYON opened at $20.64 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.51 and a quick ratio of 1.45. The company has a market cap of $943.93 million, a P/E ratio of -3.04 and a beta of 3.76. Beyond has a 12 month low of $13.71 and a 12 month high of $39.27. The business’s 50 day simple moving average is $30.44.

Beyond (NYSE:BYON) last posted its earnings results on Tuesday, February 20th. The company reported ($1.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.51). The company had revenue of $384.46 million for the quarter, compared to analyst estimates of $343.10 million. Beyond had a negative return on equity of 16.92% and a negative net margin of 19.72%. Analysts predict that Beyond will post -1.85 EPS for the current fiscal year.

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.