Traders Purchase Large Volume of Call Options on Beyond (NYSE:BYON)

Beyond, Inc. (NYSE:BYON) saw unusually large options trading activity on Monday. Investors acquired 9,415 call options on the stock. This represents an increase of approximately 54% compared to the average volume of 6,101 call options.

Insider Buying and Selling

In related news, Chairman Marcus Lemonis purchased 156,985 shares of the company’s stock in a transaction that occurred on Sunday, October 27th. The stock was bought at an average price of $6.37 per share, for a total transaction of $999,994.45. Following the completion of the transaction, the chairman now owns 365,530 shares in the company, valued at approximately $2,328,426.10. The trade was a 75.28 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 1.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Beyond

A number of institutional investors have recently modified their holdings of BYON. JPMorgan Chase & Co. raised 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 valued at $3,928,000 after acquiring an additional 100,335 shares in the last quarter. Franklin Resources Inc. increased its position in Beyond by 12.8% during the 3rd quarter. Franklin Resources Inc. now owns 21,299 shares of the company’s stock valued at $217,000 after purchasing an additional 2,411 shares during the period. Second Line Capital LLC raised its holdings in shares of Beyond by 25.0% in the 3rd quarter. Second Line Capital LLC now owns 151,053 shares of the company’s stock valued at $1,523,000 after purchasing an additional 30,196 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Beyond in the 3rd quarter worth approximately $107,000. Finally, State Street Corp boosted its stake 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 valued at $10,247,000 after purchasing an additional 8,580 shares in the last quarter. 76.30% of the stock is owned by hedge funds and other institutional investors.

Beyond Trading Down 0.2 %

BYON stock opened at $6.25 on Wednesday. The company has a market capitalization of $287.79 million, a PE ratio of -0.85 and a beta of 3.74. 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 12 month low of $4.45 and a 12 month high of $37.10. The firm’s 50-day moving average is $5.80 and its 200 day moving average is $9.15.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Needham & Company LLC reiterated a “buy” rating and issued a $13.00 target price on shares of Beyond in a report on Wednesday, October 23rd. Jefferies Financial Group dropped their price objective on shares of Beyond from $14.00 to $11.00 and set a “hold” rating for the company in a research note on Monday, September 23rd. Maxim Group reduced their target price on shares of Beyond from $33.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Wedbush dropped their price target on shares of Beyond from $25.00 to $15.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, Argus lowered shares of Beyond from a “hold” rating to a “sell” rating in a research report on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $16.50.

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.