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Marcus Lemonis, Executive Chairman of the Board at Beyond, Inc. (NASDAQ:BYON), recently acquired a substantial number of shares in the company, a notable move considering the stock’s 84% decline over the past year. According to a recent SEC filing, Lemonis purchased 19,193 shares of Beyond, Inc. common stock on March 13, 2025. The shares were bought at a weighted average price of $5.03 per share, with the transaction totaling approximately $96,540. InvestingPro analysis suggests the stock is currently undervalued, with additional insights available through their comprehensive Pro Research Report.
The shares were acquired in multiple transactions, with prices ranging from $5.01 to $5.10 per share. Following this purchase, Lemonis now directly owns 456,151 shares of Beyond, Inc. The transaction reflects Lemonis’s ongoing investment in the company, where he holds a significant leadership role. While Beyond maintains a strong balance sheet with more cash than debt, InvestingPro data indicates the company faces challenges with rapid cash burn and volatile price movements, factors that sophisticated investors should consider.
In other recent news, Beyond Inc. reported its fourth-quarter 2024 financial results, revealing a net revenue of $303 million, which missed analyst expectations of $331.08 million. The company’s earnings per share (EPS) also fell short, reporting -$0.91 against a forecasted -$0.73. Despite these challenges, Beyond Inc. improved its adjusted EBITDA loss by 43% compared to the previous year, and gross margin increased to 23%, a 380 basis point improvement. Additionally, the company raised $43 million through ATM stock sales, aiming for profitability by 2025 with a focus on margin growth.
Leadership changes were announced as part of a broader strategy for profitability, with Marcus Lemonis appointed as Principal Executive Officer and Adrianne Lee as President and CFO. Beyond Inc. committed to an annualized $15 million in fixed cost reductions, primarily through its Technology Transformation initiative. Analyst firm Jefferies adjusted Beyond Inc.’s price target to $6.50, maintaining a Hold rating, while Needham downgraded the stock from Buy to Hold due to revenue concerns, projecting adjusted EBITDA positivity by 2027. Maxim Group also reduced the price target to $16 but maintained a Buy rating, acknowledging the company’s efforts to enhance profitability.
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