Beyond (NYSE:BYON) Shares Up 3.2%

Beyond, Inc. (NYSE:BYON) shares rose 3.2% on Wednesday . The company traded as high as $11.01 and last traded at $10.99. Approximately 71,421 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 1,835,084 shares. The stock had previously closed at $10.65.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BYON. Piper Sandler decreased their price target on shares of Beyond from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Wedbush lowered their target price on Beyond from $37.00 to $25.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Barclays dropped their price target on Beyond from $22.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Friday, July 26th. Finally, Bank of America decreased their price objective on Beyond from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $27.29.

Beyond Stock Performance

The company has a 50-day moving average of $11.33 and a 200 day moving average of $18.37. The firm has a market capitalization of $502.79 million, a PE ratio of -1.31 and a beta of 3.65. The company has a quick ratio of 1.08, a current ratio of 1.14 and a debt-to-equity ratio of 0.14.

Beyond (NYSE:BYON) last posted its quarterly earnings data on Monday, July 29th. The company reported ($0.76) earnings per share for the quarter, topping the consensus estimate of ($0.89) by $0.13. Beyond had a negative net margin of 22.03% and a negative return on equity of 49.00%. The company had revenue of $398.10 million for the quarter, compared to analysts’ expectations of $381.74 million. During the same period in the prior year, the business earned ($0.02) earnings per share. Beyond’s revenue for the quarter was down 5.7% compared to the same quarter last year. Equities research analysts predict that Beyond, Inc. will post -3.54 EPS for the current year.

Insider Transactions at Beyond

In other Beyond news, Director William Benjamin Nettles, Jr. sold 10,412 shares of Beyond stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $9.35, for a total transaction of $97,352.20. Following the completion of the sale, the director now owns 11,368 shares of the company’s stock, valued at $106,290.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Beyond news, Director William Benjamin Nettles, Jr. sold 10,412 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $9.35, for a total transaction of $97,352.20. Following the transaction, the director now directly owns 11,368 shares in the company, valued at $106,290.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Barclay F. Corbus purchased 5,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were acquired at an average cost of $10.66 per share, for a total transaction of $53,300.00. Following the completion of the purchase, the director now directly owns 66,668 shares of the company’s stock, valued at approximately $710,680.88. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by insiders.

Institutional Trading of Beyond

Several institutional investors have recently added to or reduced their stakes in BYON. Sanctuary Advisors LLC bought a new stake in shares of Beyond in the 2nd quarter valued at about $650,000. SRN Advisors LLC lifted its position in Beyond by 82.4% in the second quarter. SRN Advisors LLC now owns 81,405 shares of the company’s stock valued at $1,065,000 after purchasing an additional 36,774 shares during the last quarter. Second Line Capital LLC bought a new position in shares of Beyond in the second quarter worth approximately $1,581,000. Sunbelt Securities Inc. purchased a new position in shares of Beyond in the second quarter worth $47,000. Finally, NewEdge Advisors LLC raised its holdings in Beyond by 591.2% during the 2nd quarter. NewEdge Advisors LLC now owns 78,558 shares of the company’s stock valued at $1,028,000 after buying an additional 67,193 shares during the last quarter. 76.30% of the stock is currently owned by hedge funds and other institutional investors.

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.