Cedar Wealth Management LLC Invests $405,000 in Beyond, Inc. (NYSE:BYON)

Cedar Wealth Management LLC purchased a new stake in Beyond, Inc. (NYSE:BYON) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 30,949 shares of the company’s stock, valued at approximately $405,000. Cedar Wealth Management LLC owned approximately 0.07% of Beyond as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of BYON. American International Group Inc. purchased a new stake in shares of Beyond in the first quarter valued at approximately $799,000. CANADA LIFE ASSURANCE Co acquired a new position in Beyond during the first quarter worth $157,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Beyond during the first quarter valued at $8,956,000. Shell Asset Management Co. acquired a new stake in shares of Beyond in the first quarter valued at about $2,271,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of Beyond during the first quarter worth about $70,000. Institutional investors and hedge funds own 76.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BYON shares. Bank of America decreased their target price on Beyond from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Barclays reduced their price objective 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. Wedbush dropped 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. Finally, Piper Sandler cut their price target on shares of Beyond from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Beyond has an average rating of “Hold” and a consensus price target of $27.29.

Beyond Trading Up 0.9 %

NYSE BYON opened at $10.97 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.08 and a current ratio of 1.14. The firm has a market cap of $501.88 million, a price-to-earnings ratio of -1.35 and a beta of 3.65. The firm has a 50 day simple moving average of $11.25 and a 200-day simple moving average of $18.27. Beyond, Inc. has a one year low of $9.05 and a one year 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, beating the consensus estimate of ($0.89) by $0.13. The company had revenue of $398.10 million during the quarter, compared to analysts’ expectations 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 last year, the company posted ($0.02) EPS. Equities research analysts anticipate that Beyond, Inc. will post -3.54 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Barclay F. Corbus acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was acquired at an average price of $10.66 per share, for a total transaction of $53,300.00. Following the purchase, 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 SEC, which can be accessed through this link. In related news, Director William Benjamin Nettles, Jr. sold 10,412 shares of the business’s 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 transaction, the director now owns 11,368 shares in the company, valued at approximately $106,290.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Barclay F. Corbus purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were bought at an average cost of $10.66 per share, with a total value of $53,300.00. Following the completion of 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 owned by company insiders.

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.