Beyond Target of Unusually Large Options Trading (NYSE:BYON)

Beyond, Inc. (NYSE:BYON) was the recipient of unusually large options trading activity on Monday. Stock investors purchased 9,415 call options on the stock. This represents an increase of approximately 54% compared to the typical daily volume of 6,101 call options.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Piper Sandler lowered their price objective on shares of Beyond from $14.00 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Barclays dropped their price target on Beyond from $14.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th. Argus cut Beyond from a “hold” rating to a “sell” rating in a research report on Wednesday, December 18th. Bank of America cut Beyond from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $12.50 to $6.00 in a research report on Friday, October 25th. Finally, Wedbush reduced their price target on shares of Beyond from $25.00 to $15.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $16.50.

Insider Transactions at Beyond

In related news, Chairman Marcus Lemonis bought 156,985 shares of the stock in a transaction on Sunday, October 27th. The shares were acquired at an average price of $6.37 per share, for a total transaction of $999,994.45. Following the purchase, the chairman now owns 365,530 shares of the company’s stock, valued at approximately $2,328,426.10. The trade was a 75.28 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.20% of the company’s stock.

Institutional Trading of Beyond

Several institutional investors and hedge funds have recently added to or reduced their stakes in BYON. State Street Corp boosted its position in shares of Beyond by 0.9% during the third quarter. State Street Corp now owns 1,016,563 shares of the company’s stock worth $10,247,000 after acquiring an additional 8,580 shares during the last quarter. Royce & Associates LP boosted its holdings in shares of Beyond by 57.8% during the 3rd quarter. Royce & Associates LP now owns 845,977 shares of the company’s stock valued at $8,527,000 after purchasing an additional 309,810 shares during the last quarter. Dimensional Fund Advisors LP purchased a new position in shares of Beyond during the second quarter valued at about $9,538,000. JPMorgan Chase & Co. increased its holdings in shares of Beyond by 34.7% in the third quarter. JPMorgan Chase & Co. now owns 389,694 shares of the company’s stock worth $3,928,000 after purchasing an additional 100,335 shares during the last quarter. Finally, ProShare Advisors LLC purchased a new stake in shares of Beyond in the second quarter worth about $3,800,000. Institutional investors own 76.30% of the company’s stock.

Beyond Trading Down 0.2 %

Shares of Beyond stock opened at $6.25 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.91 and a current ratio of 0.97. The company has a fifty day moving average of $5.80 and a 200 day moving average of $9.15. The company has a market capitalization of $287.79 million, a P/E ratio of -0.85 and a beta of 3.74. Beyond has a fifty-two week low of $4.45 and a fifty-two week high of $37.10.

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.