Beyond (NYSE:BYON) Announces Quarterly Earnings Results, Beats Estimates By $0.25 EPS

Beyond (NYSE:BYON - Get Free Report) issued its quarterly earnings results on Monday. The company reported ($0.42) earnings per share for the quarter, topping analysts' consensus estimates of ($0.67) by $0.25, Zacks reports. Beyond had a negative return on equity of 69.32% and a negative net margin of 22.82%.

Beyond Stock Up 1.5 %

Beyond stock traded up $0.06 during trading on Monday, hitting $4.16. 3,196,635 shares of the company were exchanged, compared to its average volume of 2,642,771. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 0.17. The business's 50 day moving average is $5.17 and its 200 day moving average is $6.24. Beyond has a 52 week low of $3.54 and a 52 week high of $22.65. The company has a market capitalization of $229.72 million, a P/E ratio of -0.56 and a beta of 4.09.

Insiders Place Their Bets

In other news, Chairman Marcus Lemonis bought 19,193 shares of the stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $5.03 per share, for a total transaction of $96,540.79. Following the completion of the acquisition, the chairman now directly owns 456,151 shares in the company, valued at approximately $2,294,439.53. This trade represents a 4.39 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.60% of the company's stock.

Wall Street Analyst Weigh In

BYON has been the subject of several research analyst reports. Jefferies Financial Group lowered their price objective on shares of Beyond from $7.25 to $6.50 and set a "hold" rating for the company in a research note on Monday, March 10th. Needham & Company LLC downgraded shares of Beyond from a "buy" rating to a "hold" rating and set a $9.00 price target for the company. in a research note on Wednesday, March 5th. Barclays cut their price objective on shares of Beyond from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 9th. Wedbush reaffirmed an "outperform" rating and issued a $15.00 target price on shares of Beyond in a research report on Tuesday, April 22nd. Finally, Maxim Group cut their price target on Beyond from $26.00 to $16.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Beyond has an average rating of "Hold" and a consensus price target of $9.64.

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.

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