Sanctuary Advisors LLC Acquires Shares of 49,695 Beyond, Inc. (NYSE:BYON)

Sanctuary Advisors LLC bought a new position in Beyond, Inc. (NYSE:BYON - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 49,695 shares of the company's stock, valued at approximately $650,000. Sanctuary Advisors LLC owned about 0.11% of Beyond at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Tidal Investments LLC bought a new position in Beyond in the first quarter valued at about $33,599,000. Dimensional Fund Advisors LP acquired a new stake in shares of Beyond during the 2nd quarter worth approximately $9,538,000. Refined Wealth Management bought a new stake in shares of Beyond during the second quarter worth approximately $4,201,000. ProShare Advisors LLC acquired a new position in Beyond in the second quarter valued at approximately $3,800,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Beyond in the first quarter valued at approximately $8,956,000. 76.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Beyond

In other news, Director Barclay F. Corbus purchased 5,000 shares of the company's stock in a transaction on Thursday, August 1st. The shares were purchased at an average cost of $10.66 per share, with a total value of $53,300.00. Following the completion of the transaction, the director now owns 66,668 shares of the company's stock, valued at $710,680.88. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $97,352.20. Following the completion of the transaction, the director now directly owns 11,368 shares in the company, valued at approximately $106,290.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Barclay F. Corbus bought 5,000 shares of the firm's stock in a transaction that occurred on Thursday, August 1st. The shares were acquired at an average cost of $10.66 per share, for a total transaction of $53,300.00. Following the completion of the acquisition, the director now directly owns 66,668 shares in the company, valued at $710,680.88. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.20% of the company's stock.

Analyst Ratings Changes

BYON has been the subject of several recent research reports. 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. Jefferies Financial Group cut their target price on Beyond from $14.00 to $11.00 and set a "hold" rating on the stock in a research note on Monday, September 23rd. Piper Sandler decreased their target price on Beyond from $17.00 to $14.00 and set a "neutral" rating for the company in a research report on Wednesday, July 31st. Wedbush lowered their price target on Beyond from $37.00 to $25.00 and set an "outperform" rating for the company in a research note on Wednesday, July 31st. Finally, Bank of America reduced their price objective on shares of Beyond from $15.50 to $15.00 and set a "neutral" rating on the stock in a research note 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. Based on data from MarketBeat, Beyond presently has a consensus rating of "Hold" and a consensus price target of $25.25.

Beyond Stock Up 1.7 %

BYON stock traded up $0.17 during trading hours on Tuesday, reaching $10.34. 1,345,631 shares of the stock were exchanged, compared to its average volume of 1,822,954. The firm's 50-day moving average is $10.25 and its 200-day moving average is $15.09. Beyond, Inc. has a 12 month low of $8.91 and a 12 month high of $37.10. The company has a market cap of $473.06 million, a price-to-earnings ratio of -1.25 and a beta of 3.65. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.14 and a quick ratio of 1.08.

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, 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 during the quarter, compared to the consensus estimate of $381.74 million. During the same quarter last year, the firm earned ($0.02) earnings per share. The firm's revenue for the quarter was down 5.7% compared to the same quarter last year. On average, equities research analysts expect that Beyond, Inc. will post -3.55 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.