Beyond, Inc. (NYSE:BYON) Stock Position Lifted by O Keefe Stevens Advisory Inc.

O Keefe Stevens Advisory Inc. increased its stake in Beyond, Inc. (NYSE:BYON) by 67.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,504 shares of the company’s stock after purchasing an additional 7,889 shares during the quarter. O Keefe Stevens Advisory Inc.’s holdings in Beyond were worth $197,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BYON. Boston Partners bought a new position in shares of Beyond in the first quarter valued at approximately $2,152,000. Rhumbline Advisers bought a new position in Beyond during the 2nd quarter valued at $1,001,000. ProShare Advisors LLC acquired a new position in shares of Beyond during the 2nd quarter valued at $3,800,000. Price T Rowe Associates Inc. MD bought a new stake in shares of Beyond in the 1st quarter worth $795,000. Finally, Second Line Capital LLC acquired a new stake in shares of Beyond in the second quarter valued at $1,581,000. Institutional investors own 76.30% of the company’s stock.

Insider Buying and Selling

In other Beyond news, Director William Benjamin Nettles, Jr. sold 10,412 shares of the company’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 transaction, the director now owns 11,368 shares in the company, valued at approximately $106,290.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Beyond news, Director Barclay F. Corbus bought 5,000 shares of Beyond stock in a transaction on Thursday, August 1st. The stock was purchased 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 directly owns 66,668 shares of the company’s stock, valued at $710,680.88. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William Benjamin Nettles, Jr. sold 10,412 shares of the firm’s 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 transaction, the director now owns 11,368 shares in the company, valued at $106,290.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Beyond Price Performance

Shares of NYSE:BYON opened at $10.25 on Wednesday. The company has a market cap of $468.94 million, a P/E ratio of -1.26 and a beta of 3.65. The company’s fifty day moving average is $10.34 and its two-hundred day moving average is $15.99. The company has a quick ratio of 1.08, a current ratio of 1.14 and a debt-to-equity ratio of 0.14. Beyond, Inc. has a 12-month low of $8.91 and a 12-month high of $37.10.

Beyond (NYSE:BYON) last announced its quarterly earnings data on Monday, July 29th. The company reported ($0.76) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.89) by $0.13. The firm had revenue of $398.10 million during the quarter, compared to the consensus estimate 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 for the quarter was down 5.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.02) EPS. Equities analysts expect that Beyond, Inc. will post -3.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.