Beyond, Inc. (NYSE:BYON) Short Interest Update

Beyond, Inc. (NYSE:BYON) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 5,690,000 shares, a decline of 10.5% from the September 15th total of 6,360,000 shares. Based on an average trading volume of 2,160,000 shares, the days-to-cover ratio is presently 2.6 days. Currently, 12.6% of the shares of the stock are sold short.

Insider Transactions at Beyond

In other news, Director William Benjamin Nettles, Jr. sold 10,412 shares of the company’s 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 completion of the sale, the director now owns 11,368 shares of the company’s stock, valued at $106,290.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Barclay F. Corbus purchased 5,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was purchased at an average cost of $10.66 per share, with a total value of $53,300.00. Following the purchase, the director now owns 66,668 shares in the company, valued at $710,680.88. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William Benjamin Nettles, Jr. sold 10,412 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 11,368 shares of the company’s stock, valued at approximately $106,290.80. This represents 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.

Institutional Trading of Beyond

Large investors have recently made changes to their positions in the stock. Tidal Investments LLC purchased a new position in shares of Beyond in the first quarter worth $33,599,000. Dimensional Fund Advisors LP purchased a new position in Beyond during the 2nd quarter valued at about $9,538,000. Refined Wealth Management purchased a new position in Beyond during the 2nd quarter valued at about $4,201,000. ProShare Advisors LLC bought a new stake in shares of Beyond in the 2nd quarter valued at about $3,800,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Beyond in the 1st quarter worth approximately $8,956,000. 76.30% of the stock is currently owned by institutional investors.

Beyond Trading Down 1.7 %

Beyond stock traded down $0.18 during trading hours on Thursday, reaching $10.11. The stock had a trading volume of 1,430,708 shares, compared to its average volume of 1,819,516. The stock has a market cap of $462.53 million, a PE ratio of -1.24 and a beta of 3.65. Beyond has a 52 week low of $8.91 and a 52 week high of $37.10. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.14 and a quick ratio of 1.08. The company has a fifty day simple moving average of $10.25 and a 200-day simple moving average of $14.85.

Beyond (NYSE:BYON) last issued its quarterly earnings results on Monday, July 29th. The company reported ($0.76) earnings per share (EPS) 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 company had revenue of $398.10 million during the quarter, compared to analysts’ expectations of $381.74 million. During the same period last year, the company posted ($0.02) EPS. Beyond’s revenue was down 5.7% on a year-over-year basis. Analysts forecast that Beyond will post -3.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BYON has been the topic of several research reports. Bank of America lowered their price target on Beyond from $15.50 to $15.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. Barclays lowered their price objective 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 decreased their price objective on Beyond from $14.00 to $11.00 and set a “hold” rating for the company in a report on Monday, September 23rd. Wedbush cut their price objective on shares of Beyond from $37.00 to $25.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Finally, Piper Sandler decreased 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. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $25.25.

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.