Second Line Capital LLC Makes New $1.58 Million Investment in Beyond, Inc. (NYSE:BYON)

Second Line Capital LLC acquired a new stake in Beyond, Inc. (NYSE:BYON) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 120,857 shares of the company’s stock, valued at approximately $1,581,000. Second Line Capital LLC owned approximately 0.26% of Beyond at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of BYON. Tidal Investments LLC bought a new position in shares of Beyond during the 1st quarter worth approximately $33,599,000. Dimensional Fund Advisors LP acquired a new position in shares of Beyond in the second quarter valued at $9,538,000. Refined Wealth Management bought a new position in shares of Beyond in the second quarter valued at about $4,201,000. ProShare Advisors LLC acquired a new stake in shares of Beyond during the 2nd quarter worth about $3,800,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Beyond during the 1st quarter worth about $8,956,000. Institutional investors own 76.30% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on BYON. Piper Sandler lowered their price target on shares of Beyond from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Jefferies Financial Group dropped their price target on Beyond from $14.00 to $11.00 and set a “hold” rating for the company in a report on Monday, September 23rd. Bank of America decreased their price objective on Beyond from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Barclays reduced 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. Finally, Wedbush lowered their price target on shares of Beyond from $37.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $25.25.

Beyond Stock Up 2.2 %

BYON stock opened at $10.20 on Monday. Beyond, Inc. has a 52 week low of $9.05 and a 52 week high of $37.10. The business has a 50-day simple moving average of $10.76 and a 200 day simple moving average of $17.02. 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 company has a market cap of $466.65 million, a PE ratio of -1.25 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 anticipate that Beyond, Inc. will post -3.54 EPS for the current fiscal year.

Insider Activity

In related news, Director William Benjamin Nettles, Jr. sold 10,412 shares of the 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Beyond 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 transaction, the director now owns 11,368 shares of the company’s stock, valued at approximately $106,290.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Barclay F. Corbus bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was purchased at an average price 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. 1.20% of the stock is currently owned by corporate insiders.

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.