Adrianne Lee Sells 2,200 Shares of Beyond, Inc. (NYSE:BYON) Stock

Beyond, Inc. (NYSE:BYON - Get Free Report) CFO Adrianne Lee sold 2,200 shares of the company's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $10.00, for a total transaction of $22,000.00. Following the completion of the sale, the chief financial officer directly owned 60,434 shares of the company's stock, valued at $604,340. The trade was a 3.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Beyond Stock Performance

BYON traded down $0.54 on Thursday, hitting $10.79. 2,851,966 shares of the company were exchanged, compared to its average volume of 3,185,112. The business's fifty day moving average is $7.06 and its 200 day moving average is $6.24. Beyond, Inc. has a fifty-two week low of $3.54 and a fifty-two week high of $15.44. The firm has a market capitalization of $622.31 million, a P/E ratio of -2.32 and a beta of 3.25.

Beyond (NYSE:BYON - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The company reported ($0.42) EPS for the quarter, beating the consensus estimate of ($0.67) by $0.25. The business had revenue of $231.75 million for the quarter, compared to analyst estimates of $288.13 million. Beyond had a negative net margin of 18.06% and a negative return on equity of 77.61%. The company's quarterly revenue was down 39.4% on a year-over-year basis. During the same period in the prior year, the business earned ($1.22) earnings per share. Analysts forecast that Beyond, Inc. will post -3.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BYON. Needham & Company LLC reissued a "hold" rating on shares of Beyond in a report on Wednesday, April 30th. Barclays cut their price target on shares of Beyond from $7.00 to $5.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Jefferies Financial Group cut their price target on shares of Beyond from $6.50 to $5.00 and set a "hold" rating for the company in a report on Tuesday, April 29th. Finally, Wedbush increased their price target on shares of Beyond from $10.00 to $13.00 and gave the stock an "outperform" rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $8.86.

Institutional Trading of Beyond

Large investors have recently modified their holdings of the business. Canada Pension Plan Investment Board acquired a new stake in shares of Beyond during the fourth quarter worth $32,000. Caitong International Asset Management Co. Ltd grew its position in shares of Beyond by 104.2% in the first quarter. Caitong International Asset Management Co. Ltd now owns 5,531 shares of the company's stock valued at $32,000 after purchasing an additional 2,823 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Beyond in the fourth quarter valued at $39,000. Pingora Partners LLC purchased a new stake in shares of Beyond in the fourth quarter valued at $41,000. Finally, RPO LLC purchased a new stake in shares of Beyond in the fourth quarter valued at $52,000. 76.30% of the stock is currently 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.