Beyond, Inc. (NYSE:BYON) Shares Sold by Dupree Financial Group LLC

Dupree Financial Group LLC cut its position in shares of Beyond, Inc. (NYSE:BYON) by 28.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 90,042 shares of the company’s stock after selling 35,881 shares during the quarter. Dupree Financial Group LLC owned about 0.20% of Beyond worth $908,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Tidal Investments LLC acquired a new stake in Beyond during the 1st quarter worth approximately $33,599,000. Dimensional Fund Advisors LP acquired a new stake in shares of Beyond in the second quarter worth $9,538,000. Refined Wealth Management purchased a new position in shares of Beyond in the 2nd quarter valued at $4,201,000. ProShare Advisors LLC acquired a new position in shares of Beyond during the 2nd quarter valued at $3,800,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Beyond during the 1st quarter worth $8,956,000. 76.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. Jefferies Financial Group cut their price objective on Beyond from $14.00 to $11.00 and set a “hold” rating on the stock in a research report on Monday, September 23rd. Wedbush reduced their price target on Beyond from $37.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Barclays decreased 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 dropped their price objective on shares of Beyond from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. Finally, Bank of America decreased their target price on shares of Beyond from $15.50 to $15.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Beyond has a consensus 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 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 completion of the transaction, the director now owns 11,368 shares in the company, valued at approximately $106,290.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Beyond news, Director Barclay F. Corbus bought 5,000 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were purchased at an average price of $10.66 per share, with a total value of $53,300.00. Following the completion of the acquisition, the director now directly owns 66,668 shares of the company’s stock, valued at approximately $710,680.88. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William Benjamin Nettles, Jr. sold 10,412 shares of Beyond 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 transaction, the director now owns 11,368 shares of the company’s stock, valued at approximately $106,290.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Beyond Stock Performance

Shares of BYON opened at $10.16 on Wednesday. Beyond, Inc. has a 52-week low of $8.91 and a 52-week high of $37.10. The company has a quick ratio of 1.08, a current ratio of 1.14 and a debt-to-equity ratio of 0.14. The firm has a market cap of $464.82 million, a price-to-earnings ratio of -1.36 and a beta of 3.65. The business’s 50 day moving average is $10.30 and its two-hundred day moving average is $14.13.

Beyond (NYSE:BYON) last posted its quarterly earnings data on Monday, July 29th. The company reported ($0.76) EPS 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 net margin of 22.03% and a negative return on equity of 49.00%. The firm’s revenue was down 5.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.02) EPS. Analysts forecast that Beyond, Inc. will post -3.55 EPS for the current fiscal 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.