1 day Ago By Defense World Staff
Bank of New York Mellon Corp acquired a new position in Beyond, Inc. ( NYSE:BYON – Free Report ) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 167,259 shares of the company’s stock, valued at approximately $2,188,000.
Bank of New York Mellon Corp owned 0.37% of Beyond at the end of the most recent reporting period. A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business.
SRN Advisors LLC increased its stake in shares of Beyond by 2.4% in the first quarter. SRN Advisors LLC now owns 44,631 shares of the company’s stock worth $1,603,000 after acquiring an additional 1,061 shares during the period.
Public Employees Retirement System of Ohio purchased a new stake in shares of Beyond during the 1st quarter worth about $66,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Beyond during the 1st quarter valued at about $71,000. Lazard Asset Management LLC acquired a new stake in shares of Beyond during the 1st quarter valued at about $70,000.
Finally, CWM LLC purchased a new position in shares of Beyond in the 2nd quarter valued at about $46,000. Institutional investors and hedge funds own 76.30% of the company’s stock.
Beyond Trading Down 2.7 % Shares of BYON opened at $10.65 on Wednesday.
The company has a current ratio of 1.14, a quick ratio of 1.08 and a debt-to-equity ratio of 0.
14. Beyond, Inc. has a 12-month low of $9.
05 and a 12-month high of $37.10. The firm has a 50-day moving average price of $11.
33 and a 200 day moving average price of $18.37. The firm has a market capitalization of $487.
24 million, a P/E ratio of -1.31 and a beta of 3.65.
Insider Activity In other news, Director William Benjamin Nettles, Jr. sold 10,412 shares of the firm’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 transaction, the director now owns 11,368 shares of the company’s stock, valued at $106,290.
80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website . In related news, Director William Benjamin Nettles, Jr.
sold 10,412 shares of the firm’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 sale, the director now owns 11,368 shares of the company’s stock, valued at $106,290.80.
The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink . Also, Director Barclay F. Corbus bought 5,000 shares of Beyond stock in a transaction that occurred on Thursday, August 1st.
The stock was purchased at an average cost of $10.66 per share, for a total transaction of $53,300.00.
Following the acquisition, the director now owns 66,668 shares of the company’s stock, valued at $710,680.88. The disclosure for this purchase can be found here .
Insiders own 1.20% of the company’s stock. Analyst Upgrades and Downgrades Several equities research analysts recently commented on the stock.
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 report on Wednesday, July 31st.
Bank of America reduced their price target on shares of Beyond from $15.50 to $15.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st.
Barclays lowered their price objective on Beyond from $22.00 to $16.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th.
Finally, Piper Sandler reduced their target price on Beyond from $17.00 to $14.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st.
Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Beyond presently has an average rating of “Hold” and a consensus price target of $27.
29. View Our Latest Stock Analysis on BYON Beyond Company Profile ( Free Report ) 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.
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