Beyond Sees Unusually Large Options Volume (NYSE:BYON)

Beyond, Inc. (NYSE:BYON) was the recipient of unusually large options trading activity on Friday. Traders bought 11,447 call options on the stock. This represents an increase of approximately 77% compared to the average daily volume of 6,472 call options.

Insiders Place Their Bets

In other Beyond news, Chairman Marcus Lemonis purchased 156,985 shares of the stock in a transaction dated Sunday, October 27th. The shares were bought at an average cost of $6.37 per share, with a total value of $999,994.45. Following the completion of the acquisition, the chairman now owns 365,530 shares of the company’s stock, valued at approximately $2,328,426.10. This trade represents a 75.28 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Beyond

A number of institutional investors have recently bought and sold shares of BYON. Dupree Financial Group LLC lifted its holdings in shares of Beyond by 4.6% during the fourth quarter. Dupree Financial Group LLC now owns 94,149 shares of the company’s stock valued at $464,000 after acquiring an additional 4,107 shares during the period. R Squared Ltd acquired a new position in Beyond in the fourth quarter valued at about $32,000. Refined Wealth Management grew its stake in Beyond by 14.8% during the fourth quarter. Refined Wealth Management now owns 401,095 shares of the company’s stock worth $1,977,000 after buying an additional 51,763 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Beyond during the fourth quarter worth approximately $67,000. Finally, ARS Investment Partners LLC raised its stake in shares of Beyond by 62.2% in the fourth quarter. ARS Investment Partners LLC now owns 106,873 shares of the company’s stock valued at $527,000 after acquiring an additional 41,000 shares during the last quarter. Institutional investors and hedge funds own 76.30% of the company’s stock.

Beyond Price Performance

NYSE:BYON opened at $7.73 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.91. Beyond has a one year low of $4.45 and a one year high of $37.10. The company has a fifty day moving average price of $5.73 and a 200 day moving average price of $8.65. The stock has a market cap of $355.74 million, a P/E ratio of -1.05 and a beta of 3.74.

Wall Street Analyst Weigh In

Several analysts recently commented on BYON shares. Needham & Company LLC reissued a “buy” rating and set a $13.00 target price on shares of Beyond in a research note on Wednesday, October 23rd. Wedbush cut their price objective on Beyond from $25.00 to $15.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Piper Sandler decreased their target price on Beyond from $14.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Bank of America downgraded Beyond from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $12.50 to $6.00 in a report on Friday, October 25th. Finally, Maxim Group decreased their price target on Beyond from $33.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $16.38.

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.