Hennion & Walsh Asset Management Inc. Lowers Stake in Beyond, Inc. (NYSE:BYON)

Hennion & Walsh Asset Management Inc. lowered its stake in shares of Beyond, Inc. (NYSE:BYON) by 35.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,637 shares of the company’s stock after selling 10,883 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Beyond were worth $198,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Beyond during the 1st quarter valued at $66,000. DekaBank Deutsche Girozentrale purchased a new position in Beyond in the 1st quarter worth $71,000. Lazard Asset Management LLC purchased a new position in Beyond in the 1st quarter worth $70,000. Ashton Thomas Private Wealth LLC purchased a new position in Beyond in the 2nd quarter worth $44,000. Finally, Hollencrest Capital Management purchased a new position in Beyond in the 2nd quarter worth $46,000. Hedge funds and other institutional investors own 76.30% of the company’s stock.

Beyond Price Performance

Shares of Beyond stock opened at $6.66 on Thursday. The firm has a market cap of $304.47 million, a PE ratio of -0.82 and a beta of 3.65. Beyond, Inc. has a 12-month low of $6.06 and a 12-month 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 company’s fifty day simple moving average is $9.91 and its two-hundred day simple moving average is $13.34.

Beyond (NYSE:BYON) last announced its earnings results on Monday, July 29th. The company reported ($0.76) earnings per share 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 analyst estimates of $381.74 million. Beyond had a negative net margin of 22.82% and a negative return on equity of 63.36%. The company’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.02) EPS. As a group, equities analysts expect that Beyond, Inc. will post -3.55 EPS for the current year.

Insider Buying and Selling

In other Beyond news, Chairman Marcus Lemonis acquired 156,985 shares of the company’s stock in a transaction that occurred on Sunday, October 27th. The shares were acquired at an average price of $6.37 per share, with a total value of $999,994.45. Following the completion of the purchase, the chairman now directly owns 365,530 shares of the company’s stock, valued at approximately $2,328,426.10. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Beyond news, Director William Benjamin Nettles, Jr. sold 10,412 shares of Beyond 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 directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Marcus Lemonis bought 156,985 shares of the firm’s stock in a transaction on Sunday, October 27th. The stock was purchased at an average cost of $6.37 per share, with a total value of $999,994.45. Following the completion of the acquisition, the chairman now directly owns 365,530 shares of the company’s stock, valued at approximately $2,328,426.10. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 1.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BYON. Needham & Company LLC reiterated a “buy” rating and issued a $13.00 target price on shares of Beyond in a research report on Wednesday, October 23rd. Piper Sandler decreased their target price on shares of Beyond from $14.00 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Bank of America cut shares of Beyond from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $12.50 to $6.00 in a research report on Friday, October 25th. Maxim Group decreased their target price on shares of Beyond from $33.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Finally, Barclays cut their price target on shares of Beyond from $14.00 to $8.00 and set an “equal weight” rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Beyond presently has a consensus rating of “Hold” and a consensus target price of $16.50.

Beyond 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.