49,695 Shares in Beyond, Inc. (NYSE:BYON) Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new stake in Beyond, Inc. (NYSE:BYON) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 49,695 shares of the company’s stock, valued at approximately $650,000. Sanctuary Advisors LLC owned approximately 0.11% of Beyond at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Piper Sandler reduced their target price on Beyond from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Bank of America cut 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 decreased their price target on shares of Beyond from $37.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Jefferies Financial Group dropped their price objective on shares of Beyond from $14.00 to $11.00 and set a “hold” rating on the stock in a research note on Monday, September 23rd. Finally, Barclays decreased 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 note on Friday, July 26th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $25.25.

Insider Buying and Selling

In other news, Director William Benjamin Nettles, Jr. sold 10,412 shares of the firm’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 transaction, the director now owns 11,368 shares in the company, valued at $106,290.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, 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 transaction of $97,352.20. Following the completion of the transaction, the director now directly owns 11,368 shares of the company’s stock, valued at $106,290.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Barclay F. Corbus bought 5,000 shares of Beyond stock in a transaction that occurred on 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 purchase, the director now owns 66,668 shares in the company, valued at $710,680.88. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by insiders.

Beyond Price Performance

Shares of NYSE:BYON opened at $10.17 on Tuesday. Beyond, Inc. has a 52 week low of $8.91 and a 52 week high of $37.10. The company has a 50-day moving average price of $10.25 and a 200 day moving average price of $15.09. The company has a market cap of $465.28 million, a P/E ratio of -1.25 and a beta of 3.65. 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 (NYSE:BYON) last posted its quarterly earnings results on Monday, July 29th. The company reported ($0.76) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.89) by $0.13. The firm had revenue of $398.10 million for 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 company’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.02) earnings per share. Research analysts predict that Beyond, Inc. will post -3.55 earnings per share for the current year.

About Beyond

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.