Insider Selling: Beyond, Inc. (NYSE:BYON) Director Sells $10,205.30 in Stock

Beyond, Inc. (NYSE:BYON) Director Joanna Catherine Burkey sold 610 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $16.73, for a total value of $10,205.30. Following the completion of the sale, the director now directly owns 5,372 shares of the company’s stock, valued at approximately $89,873.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Beyond Stock Performance

NYSE:BYON opened at $15.96 on Friday. Beyond, Inc. has a fifty-two week low of $13.71 and a fifty-two week high of $39.27. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 1.19. The business has a 50 day moving average price of $25.07 and a 200-day moving average price of $24.83.

Beyond (NYSE:BYON) last released its quarterly earnings data on Monday, May 6th. The company reported ($1.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.30). The company had revenue of $382.28 million for the quarter, compared to analysts’ expectations of $389.36 million. Beyond had a negative net margin of 23.67% and a negative return on equity of 32.05%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the company posted ($0.10) EPS. Equities analysts forecast that Beyond, Inc. will post -2.99 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on BYON shares. Wedbush reaffirmed an “outperform” rating and issued a $37.00 target price on shares of Beyond in a research note on Tuesday, May 14th. Barclays cut their target price on Beyond from $30.00 to $22.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 8th. Maxim Group cut their target price on Beyond from $50.00 to $36.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Needham & Company LLC reaffirmed a “hold” rating on shares of Beyond in a research note on Monday, May 20th. Finally, Piper Sandler cut their target price on Beyond from $26.00 to $17.00 and set a “neutral” rating for the company in a research note on Wednesday, May 8th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $32.83.

Institutional Trading of Beyond

A number of institutional investors have recently made changes to their positions in BYON. American International Group Inc. bought a new position in shares of Beyond during the first quarter valued at approximately $799,000. CANADA LIFE ASSURANCE Co bought a new position in shares of Beyond during the first quarter valued at approximately $157,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Beyond during the first quarter valued at approximately $8,956,000. Shell Asset Management Co. bought a new position in shares of Beyond during the first quarter valued at approximately $2,271,000. Finally, Lazard Asset Management LLC bought a new position in shares of Beyond during the first quarter valued at approximately $70,000. Hedge funds and other institutional investors 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.