NewEdge Advisors LLC Acquires 67,193 Shares of Beyond, Inc. (NYSE:BYON)

NewEdge Advisors LLC grew its holdings in shares of Beyond, Inc. (NYSE:BYON - Free Report) by 591.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,558 shares of the company's stock after buying an additional 67,193 shares during the quarter. NewEdge Advisors LLC owned 0.17% of Beyond worth $1,028,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Tidal Investments LLC acquired a new position in Beyond in the 1st quarter worth $33,599,000. Dimensional Fund Advisors LP purchased a new position in Beyond in the second quarter valued at about $9,538,000. Refined Wealth Management acquired a new stake in Beyond during the 2nd quarter valued at approximately $4,201,000. ProShare Advisors LLC acquired a new position in shares of Beyond in the 2nd quarter valued at approximately $3,800,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Beyond during the first quarter worth approximately $8,956,000. Institutional investors and hedge funds own 76.30% of the company's stock.

Insider Activity at Beyond

In other news, Director William Benjamin Nettles, Jr. sold 10,412 shares of the business'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 sale, the director now owns 11,368 shares in the company, valued at $106,290.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Barclay F. Corbus bought 5,000 shares of the stock in a transaction on Thursday, August 1st. The shares were purchased at an average price 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. This trade represents a 0.00 % increase in their position. The purchase 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 business'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 directly owns 11,368 shares of the company's stock, valued at approximately $106,290.80. The trade was 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 Stock Performance

Beyond stock traded up $0.31 during mid-day trading on Monday, hitting $10.81. 1,420,768 shares of the company's stock traded hands, compared to its average volume of 1,837,855. 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 one year low of $8.91 and a one year high of $37.10. The firm has a 50 day moving average price of $10.39 and a 200 day moving average price of $16.15. The company has a market cap of $494.56 million, a PE ratio of -1.33 and a beta of 3.65.

Beyond (NYSE:BYON - Get Free Report) last issued its quarterly earnings data 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. Beyond had a negative net margin of 22.03% and a negative return on equity of 49.00%. The business had revenue of $398.10 million for the quarter, compared to analysts' expectations of $381.74 million. During the same period in the previous year, the business earned ($0.02) earnings per share. The company's revenue was down 5.7% on a year-over-year basis. On average, equities analysts forecast that Beyond, Inc. will post -3.55 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on BYON shares. 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. Jefferies Financial Group reduced their price target on shares of Beyond from $14.00 to $11.00 and set a "hold" rating on the stock in a research report on Monday, September 23rd. Barclays lowered their price objective on Beyond from $22.00 to $16.00 and set an "equal weight" rating for the company in a report on Friday, July 26th. Bank of America decreased their target price on Beyond from $15.50 to $15.00 and set a "neutral" rating for the company in a research report on Wednesday, July 31st. Finally, Piper Sandler dropped their price target on Beyond from $17.00 to $14.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 31st. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Beyond presently has an average 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.