Nuveen LLC Invests $2.26 Million in Beyond, Inc. $BYON

Nuveen LLC bought a new position in shares of Beyond, Inc. (NYSE:BYON) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 388,973 shares of the company’s stock, valued at approximately $2,256,000. Nuveen LLC owned approximately 0.67% of Beyond at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Platform Technology Partners purchased a new stake in shares of Beyond during the first quarter valued at $59,000. CWM LLC raised its holdings in Beyond by 188.8% during the 1st quarter. CWM LLC now owns 10,745 shares of the company’s stock worth $62,000 after buying an additional 7,025 shares during the period. Focus Partners Wealth acquired a new position in shares of Beyond in the fourth quarter worth about $71,000. Haven Private LLC acquired a new position in shares of Beyond in the first quarter worth about $71,000. Finally, Register Financial Advisors LLC acquired a new stake in shares of Beyond during the first quarter valued at approximately $74,000. Institutional investors own 76.30% of the company’s stock.

Beyond Stock Up 4.6%

BYON opened at $9.54 on Friday. The stock’s 50 day moving average price is $8.54 and its two-hundred day moving average price is $6.61. The firm has a market capitalization of $547.40 million, a P/E ratio of -2.34 and a beta of 2.76. Beyond, Inc. has a 12-month low of $3.54 and a 12-month high of $12.24.

Beyond (NYSE:BYON) last issued its earnings results on Monday, July 28th. The company reported ($0.22) EPS for the quarter, beating analysts’ consensus estimates of ($0.37) by $0.15. Beyond had a negative return on equity of 78.27% and a negative net margin of 17.86%.The business had revenue of $282.25 million during the quarter, compared to analyst estimates of $250.37 million. During the same period in the prior year, the company posted ($0.76) earnings per share. Beyond’s revenue was down 29.1% on a year-over-year basis. As a group, analysts anticipate that Beyond, Inc. will post -3.75 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on BYON. Wedbush lifted their target price on Beyond from $10.00 to $13.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Wall Street Zen upgraded shares of Beyond from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Beyond in a research report on Tuesday, July 29th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $8.86.

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.