AQR Capital Management LLC Acquires New Holdings in Beyond, Inc. (NYSE:BYON)

AQR Capital Management LLC acquired a new position in Beyond, Inc. (NYSE:BYON) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 29,778 shares of the company’s stock, valued at approximately $389,000. AQR Capital Management LLC owned about 0.07% of Beyond as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Public Employees Retirement System of Ohio acquired a new position in Beyond during the first quarter worth $66,000. DekaBank Deutsche Girozentrale purchased a new stake in Beyond during the 1st quarter valued at approximately $71,000. Lazard Asset Management LLC purchased a new position in shares of Beyond during the 1st quarter worth approximately $70,000. Ashton Thomas Private Wealth LLC purchased a new position in Beyond in the 2nd quarter valued at approximately $44,000. Finally, Hollencrest Capital Management acquired a new stake in Beyond during the 2nd quarter valued at $46,000. 76.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on BYON. Bank of America cut their price objective on Beyond from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Jefferies Financial Group dropped their price target on Beyond from $14.00 to $11.00 and set a “hold” rating on the stock in a report on Monday, September 23rd. Wedbush reduced their target price on Beyond from $37.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Piper Sandler dropped their price target on shares of Beyond from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. Finally, Barclays dropped their price target on shares of Beyond from $22.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.25.

Insider Buying and Selling at Beyond

In other news, Director Barclay F. Corbus acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was bought at an average cost of $10.66 per share, for a total transaction of $53,300.00. Following the completion of the transaction, the director now directly owns 66,668 shares in the company, valued at $710,680.88. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal 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 stock in a transaction 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 completion of the sale, the director now directly owns 11,368 shares in the company, valued at $106,290.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Barclay F. Corbus bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were bought 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 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 disclosure for this purchase can be found here. Corporate insiders own 1.20% of the company’s stock.

Beyond Stock Up 1.7 %

Shares of BYON opened at $10.34 on Wednesday. Beyond, Inc. has a 52 week low of $8.91 and a 52 week high of $37.10. The firm has a market cap of $473.06 million, a P/E ratio of -1.27 and a beta of 3.65. The firm’s 50-day simple moving average is $10.24 and its 200 day simple moving average is $14.91. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.08 and a current ratio of 1.14.

Beyond (NYSE:BYON) last issued its quarterly earnings results on Monday, July 29th. The company reported ($0.76) earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $381.74 million. During the same quarter in the prior year, the firm posted ($0.02) EPS. The firm’s quarterly revenue was down 5.7% on a year-over-year basis. On average, analysts forecast that Beyond, Inc. will post -3.55 earnings per share for the current year.

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.