Beyond (NYSE:BYON) Issues Earnings Results

Beyond (NYSE:BYON - Get Free Report) posted its earnings results on Monday. The company reported ($0.42) earnings per share for the quarter, topping the consensus estimate of ($0.67) by $0.25, Zacks reports. The firm had revenue of $231.75 million during the quarter, compared to the consensus estimate of $288.13 million. Beyond had a negative net margin of 22.82% and a negative return on equity of 69.32%. The company's revenue was down 39.4% on a year-over-year basis. During the same quarter last year, the company earned ($1.22) earnings per share.

Beyond Trading Up 4.7 %

Shares of NYSE:BYON traded up $0.18 on Friday, reaching $4.00. 3,010,027 shares of the company traded hands, compared to its average volume of 2,680,325. The stock has a market capitalization of $230.72 million, a P/E ratio of -0.54 and a beta of 3.23. The business's 50-day simple moving average is $4.79 and its 200 day simple moving average is $6.05. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 0.17. Beyond has a 52 week low of $3.54 and a 52 week high of $22.63.

Analyst Ratings Changes

BYON has been the subject of a number of analyst reports. Maxim Group cut their price target on Beyond from $26.00 to $16.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Barclays cut their price objective on shares of Beyond from $7.00 to $5.00 and set an "equal weight" rating for the company in a research report on Wednesday. Jefferies Financial Group lowered their target price on shares of Beyond from $6.50 to $5.00 and set a "hold" rating on the stock in a research note on Tuesday. Needham & Company LLC reiterated a "hold" rating on shares of Beyond in a research report on Wednesday. Finally, Wedbush reaffirmed an "outperform" rating and issued a $15.00 price target on shares of Beyond in a report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $9.14.

Insider Activity

In related news, Chairman Marcus Lemonis acquired 19,193 shares of the stock in a transaction on Thursday, March 13th. The stock was purchased at an average price of $5.03 per share, for a total transaction of $96,540.79. Following the completion of the transaction, the chairman now owns 456,151 shares of the company's stock, valued at $2,294,439.53. This trade represents a 4.39 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

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.