SRN Advisors LLC Raises Stock Holdings in Beyond, Inc. (NYSE:BYON)

SRN Advisors LLC raised its position in shares of Beyond, Inc. (NYSE:BYON) by 48.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 121,001 shares of the company’s stock after purchasing an additional 39,596 shares during the quarter. SRN Advisors LLC owned 0.26% of Beyond worth $1,220,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new stake in Beyond in the first quarter valued at approximately $66,000. DekaBank Deutsche Girozentrale acquired a new stake in Beyond during the 1st quarter valued at approximately $71,000. Lazard Asset Management LLC purchased a new stake in shares of Beyond in the 1st quarter valued at $70,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Beyond in the second quarter worth $44,000. Finally, Hollencrest Capital Management purchased a new position in shares of Beyond during the second quarter worth $46,000. 76.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related 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 value of $97,352.20. Following the sale, the director now directly owns 11,368 shares in the company, valued at approximately $106,290.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Beyond news, Director Barclay F. Corbus bought 5,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was acquired at an average price of $10.66 per share, with a total value of $53,300.00. Following the completion of the acquisition, the director now directly owns 66,668 shares of the company’s stock, valued at $710,680.88. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William Benjamin Nettles, Jr. sold 10,412 shares of the firm’s 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 transaction, the director now directly owns 11,368 shares in the company, valued at approximately $106,290.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on BYON shares. Wedbush lowered their price target on shares of Beyond from $25.00 to $15.00 and set an “outperform” rating on the stock in a report on Friday. Bank of America downgraded Beyond from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $12.50 to $6.00 in a research note on Friday. Maxim Group reduced 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. Jefferies Financial Group lowered their price objective on Beyond from $14.00 to $11.00 and set a “hold” rating on the stock in a research report on Monday, September 23rd. Finally, Barclays cut their target price on shares of Beyond from $22.00 to $16.00 and set an “equal weight” rating for the company in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.50.

Beyond Stock Down 4.8 %

Beyond stock opened at $6.37 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.14 and a quick ratio of 1.08. The stock has a market capitalization of $291.43 million, a PE ratio of -0.86 and a beta of 3.65. The business has a 50 day simple moving average of $10.14 and a 200-day simple moving average of $13.77. Beyond, Inc. has a 12 month low of $6.06 and a 12 month high of $37.10.

Beyond (NYSE:BYON) last issued its quarterly earnings results on Monday, July 29th. The company reported ($0.76) EPS for the quarter, topping the consensus estimate of ($0.89) by $0.13. The company had revenue of $398.10 million during the quarter, compared to analyst estimates of $381.74 million. Beyond had a negative net margin of 22.03% and a negative return on equity of 49.00%. The firm’s revenue was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.02) EPS. On average, analysts anticipate that Beyond, Inc. will post -3.55 EPS for the current fiscal year.

Beyond 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.