The Manufacturers Life Insurance Company Purchases 1,348 Shares of Beyond, Inc. (NYSE:BYON)

The Manufacturers Life Insurance Company lifted its position in Beyond, Inc. (NYSE:BYONFree Report) by 8.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 17,818 shares of the company’s stock after purchasing an additional 1,348 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Beyond were worth $233,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BYON. American International Group Inc. acquired a new position in Beyond during the 1st quarter worth about $799,000. CANADA LIFE ASSURANCE Co acquired a new position in Beyond during the 1st quarter worth about $157,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Beyond during the 1st quarter worth about $8,956,000. Shell Asset Management Co. acquired a new position in Beyond during the 1st quarter worth about $2,271,000. Finally, Lazard Asset Management LLC acquired a new position in Beyond during the 1st quarter worth about $70,000. Institutional investors and hedge funds own 76.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on BYON shares. Bank of America reduced their price target on shares of Beyond from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Jefferies Financial Group cut their target price on shares of Beyond from $14.00 to $11.00 and set a “hold” rating on the stock in a research report on Monday, September 23rd. Barclays cut their target price on shares of Beyond from $22.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Friday, July 26th. Wedbush cut their target price 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. Finally, Piper Sandler cut their target price on shares of Beyond from $17.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $25.25.

Read Our Latest Stock Analysis on BYON

Insider Buying and Selling

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 stock was sold at an average price of $9.35, for a total transaction of $97,352.20. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Beyond news, Director Barclay F. Corbus bought 5,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was acquired 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William Benjamin Nettles, Jr. sold 10,412 shares of the 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 sale, 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 disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

Beyond Stock Up 4.1 %

Shares of NYSE:BYON opened at $10.52 on Friday. The firm’s 50 day simple moving average is $10.27 and its 200 day simple moving average is $14.68. 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 fifty-two week low of $8.91 and a fifty-two week high of $37.10.

Beyond (NYSE:BYONGet Free Report) last announced its quarterly 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 business 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%. Beyond’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period last year, the company posted ($0.02) EPS. On average, equities research analysts anticipate that Beyond, Inc. will post -3.55 earnings per share for the current fiscal year.

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.

Further Reading

Institutional Ownership by Quarter for Beyond (NYSE:BYON)

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