Beyond, Inc. (NYSE:BYON) Short Interest Update

Beyond, Inc. (NYSE:BYON - Get Free Report) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 5,690,000 shares, a drop of 10.5% from the September 15th total of 6,360,000 shares. Approximately 12.6% of the shares of the company are short sold. Based on an average daily volume of 2,160,000 shares, the days-to-cover ratio is presently 2.6 days.

Beyond Price Performance

Shares of BYON stock traded down $0.18 during trading hours on Thursday, reaching $10.11. The stock had a trading volume of 1,430,708 shares, compared to its average volume of 1,819,516. Beyond has a 12 month low of $8.91 and a 12 month high of $37.10. The firm has a market capitalization of $462.53 million, a PE ratio of -1.24 and a beta of 3.65. The company has a current ratio of 1.14, a quick ratio of 1.08 and a debt-to-equity ratio of 0.14. The stock's fifty day simple moving average is $10.25 and its 200 day simple moving average is $14.85.

Beyond (NYSE:BYON - Get Free Report) last released its 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. The firm had revenue of $398.10 million for the quarter, compared to the consensus estimate of $381.74 million. Beyond had a negative net margin of 22.03% and a negative return on equity of 49.00%. The company's revenue was down 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.02) EPS. On average, equities research analysts predict that Beyond will post -3.55 EPS for the current year.

Insider Transactions at Beyond

In other news, Director William Benjamin Nettles, Jr. sold 10,412 shares of Beyond stock in a transaction that occurred 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 sale, the director now directly owns 11,368 shares of the company's stock, valued at $106,290.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Barclay F. Corbus acquired 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, with a total value of $53,300.00. Following the purchase, the director now directly owns 66,668 shares in the company, valued at approximately $710,680.88. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William Benjamin Nettles, Jr. sold 10,412 shares of the company's stock in a transaction that occurred 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 sale, 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 disclosure for this sale can be found here. Company insiders own 1.20% of the company's stock.

Institutional Investors Weigh In On Beyond

A number of institutional investors have recently added to or reduced their stakes in BYON. SRN Advisors LLC increased its holdings in shares of Beyond by 2.4% during the first quarter. SRN Advisors LLC now owns 44,631 shares of the company's stock valued at $1,603,000 after acquiring an additional 1,061 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of 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 last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Beyond during the 1st quarter worth $66,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Beyond during the 1st quarter worth $71,000. Finally, Lazard Asset Management LLC purchased a new position in Beyond during the 1st quarter valued at about $70,000. 76.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Bank of America dropped their target price on Beyond from $15.50 to $15.00 and set a "neutral" rating on the stock in a report on Wednesday, July 31st. Barclays cut their price objective 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. Wedbush cut 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 for the company in a report on Monday, September 23rd. Finally, Piper Sandler lowered 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. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.