3,330 Shares in Beyond, Inc. (NYSE:BYON) Acquired by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC purchased a new position in shares of Beyond, Inc. (NYSE:BYON) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,330 shares of the company’s stock, valued at approximately $44,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Quest Partners LLC purchased a new stake in Beyond during the 2nd quarter worth approximately $84,000. Arizona State Retirement System purchased a new stake in Beyond during the 2nd quarter worth approximately $167,000. Rhumbline Advisers purchased a new stake in Beyond during the 2nd quarter worth approximately $1,001,000. Game Plan Financial Advisors LLC purchased a new stake in Beyond during the 2nd quarter worth approximately $670,000. Finally, Aptus Capital Advisors LLC purchased a new stake in Beyond during the 2nd quarter worth approximately $1,581,000. 76.30% of the stock is currently owned by hedge funds and other institutional investors.

Beyond Price Performance

Shares of BYON opened at $11.38 on Monday. The company has a market cap of $520.64 million, a P/E ratio of -1.40 and a beta of 3.64. The stock has a fifty day moving average price of $11.41 and a 200 day moving average price of $18.69. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.14 and a quick ratio of 1.08. Beyond, Inc. has a 12 month low of $9.05 and a 12 month high of $37.10.

Beyond (NYSE:BYON) last announced its quarterly earnings results on Monday, July 29th. The company reported ($0.76) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.89) by $0.13. Beyond had a negative return on equity of 49.00% and a negative net margin of 22.03%. The company had revenue of $398.10 million during the quarter, compared to analyst estimates of $381.74 million. During the same quarter in the previous year, the firm posted ($0.02) EPS. The firm’s quarterly revenue was down 5.7% on a year-over-year basis. On average, research analysts forecast that Beyond, Inc. will post -3.54 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BYON. Bank of America lowered their price target on Beyond from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Piper Sandler lowered their price target on Beyond from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Barclays lowered their price target on Beyond from $22.00 to $16.00 and set an “equal weight” rating for the company in a report on Friday, July 26th. Wedbush lowered their price target on Beyond from $37.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Beyond in a report on Monday, May 20th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Beyond has a consensus rating of “Hold” and an average target price of $27.29.

Insiders Place Their Bets

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

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.