Rhumbline Advisers Acquires Shares of 76,524 Beyond, Inc. (NYSE:BYON)

Rhumbline Advisers bought a new position in shares of Beyond, Inc. (NYSE:BYON) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 76,524 shares of the company’s stock, valued at approximately $1,001,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. American International Group Inc. bought a new stake in Beyond in the 1st quarter valued at $799,000. CANADA LIFE ASSURANCE Co acquired a new stake in shares of Beyond during the 1st quarter worth about $157,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Beyond during the 1st quarter worth about $8,956,000. Shell Asset Management Co. acquired a new position in Beyond in the 1st quarter valued at about $2,271,000. Finally, Lazard Asset Management LLC acquired a new position in Beyond in the 1st quarter valued at about $70,000. 76.30% of the stock is currently owned by institutional investors.

Insider Transactions at Beyond

In other Beyond news, Director William Benjamin Nettles, Jr. sold 10,412 shares of Beyond stock in a transaction dated Wednesday, August 14th. The stock was 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 $106,290.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Barclay F. Corbus acquired 5,000 shares of Beyond stock in a transaction that occurred on Thursday, August 1st. The shares were acquired at an average price of $10.66 per share, for a total transaction of $53,300.00. Following the transaction, the director now directly owns 66,668 shares of the company’s stock, valued at approximately $710,680.88. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William Benjamin Nettles, Jr. sold 10,412 shares of the stock in a transaction dated 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 transaction, the director now owns 11,368 shares of the company’s stock, valued at $106,290.80. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Beyond Stock Performance

BYON opened at $10.35 on Monday. Beyond, Inc. has a 52-week low of $9.05 and a 52-week high of $37.10. The business’s fifty day moving average is $11.18 and its 200-day moving average is $17.88. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.08 and a current ratio of 1.14. The firm has a market cap of $473.51 million, a P/E ratio of -1.27 and a beta of 3.64.

Beyond (NYSE:BYON) last issued its quarterly 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 company had revenue of $398.10 million during 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 firm’s quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.02) EPS. Sell-side analysts expect that Beyond, Inc. will post -3.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BYON has been the subject of a number of research analyst reports. Wedbush reduced their price objective on Beyond from $37.00 to $25.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Barclays dropped their price target on Beyond from $22.00 to $16.00 and set an “equal weight” rating for the company in a report on Friday, July 26th. Piper Sandler decreased their price objective on Beyond from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Finally, Bank of America dropped their target price on Beyond from $15.50 to $15.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $27.29.

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.