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

SRN Advisors LLC boosted its holdings in Beyond, Inc. (NYSE:BYON) by 82.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 81,405 shares of the company’s stock after buying an additional 36,774 shares during the period. SRN Advisors LLC owned approximately 0.18% of Beyond worth $1,065,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BYON. The Manufacturers Life Insurance Company boosted its holdings in Beyond by 8.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,818 shares of the company’s stock worth $233,000 after acquiring an additional 1,348 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Beyond in the 1st quarter valued at about $66,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Beyond during the first quarter valued at about $71,000. Lazard Asset Management LLC purchased a new stake in shares of Beyond during the first quarter worth about $70,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Beyond in the second quarter worth about $44,000. 76.30% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Barclay F. Corbus purchased 5,000 shares of Beyond stock in a transaction dated Thursday, August 1st. The stock was bought 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 owns 66,668 shares in the company, valued at approximately $710,680.88. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Beyond news, Director Barclay F. Corbus purchased 5,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were bought 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 owns 66,668 shares in the company, valued at approximately $710,680.88. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William Benjamin Nettles, Jr. sold 10,412 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were 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 disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

BYON has been the subject of a number of recent analyst reports. Jefferies Financial Group lowered their price objective on Beyond from $14.00 to $11.00 and set a “hold” rating for the company in a research note on Monday, September 23rd. Piper Sandler dropped 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 reduced their price objective on shares of 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 target price on shares of Beyond from $22.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, July 26th. Finally, Bank of America reduced their price target on shares of Beyond from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Beyond presently has a consensus rating of “Hold” and a consensus target price of $25.25.

Beyond Trading Down 8.8 %

NYSE BYON opened at $9.19 on Wednesday. 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, Inc. has a one year low of $9.05 and a one year high of $37.10. The company has a 50-day simple moving average of $10.61 and a 200-day simple moving average of $16.67. The firm has a market capitalization of $420.44 million, a PE ratio of -1.13 and a beta of 3.64.

Beyond (NYSE:BYON) last posted its 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 analyst estimates of $381.74 million. Beyond had a negative return on equity of 49.00% and a negative net margin of 22.03%. The business’s revenue was down 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.02) earnings per share. On average, equities analysts forecast that Beyond, Inc. will post -3.54 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.