674,673 Shares in Beyond, Inc. (NYSE:BYON) Acquired by Able Wealth Management LLC

Able Wealth Management LLC bought a new stake in shares of Beyond, Inc. (NYSE:BYON - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 674,673 shares of the company's stock, valued at approximately $3,913,000. Beyond accounts for 2.1% of Able Wealth Management LLC's holdings, making the stock its 13th biggest position. Able Wealth Management LLC owned 1.22% of Beyond as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Skandinaviska Enskilda Banken AB publ boosted its position in Beyond by 68.4% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 6,592 shares of the company's stock valued at $32,000 after buying an additional 2,678 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Beyond in the fourth quarter worth about $32,000. KLP Kapitalforvaltning AS purchased a new position in Beyond in the fourth quarter valued at about $39,000. Pingora Partners LLC acquired a new stake in Beyond during the 4th quarter valued at approximately $41,000. Finally, Hollencrest Capital Management increased its holdings in Beyond by 185.7% during the 4th quarter. Hollencrest Capital Management now owns 10,000 shares of the company's stock worth $49,000 after purchasing an additional 6,500 shares during the last quarter. 76.30% of the stock is owned by institutional investors and hedge funds.

Beyond Price Performance

BYON traded down $0.12 during trading hours on Friday, hitting $7.52. 1,956,398 shares of the stock were exchanged, compared to its average volume of 2,768,159. The stock has a market cap of $433.47 million, a price-to-earnings ratio of -1.61 and a beta of 3.25. The stock has a 50-day simple moving average of $5.96 and a 200-day simple moving average of $5.94. Beyond, Inc. has a 12 month low of $3.54 and a 12 month high of $15.44.

Beyond (NYSE:BYON - Get Free Report) last issued its earnings results on Monday, April 28th. The company reported ($0.42) earnings per share for the quarter, topping analysts' consensus estimates of ($0.67) by $0.25. Beyond had a negative net margin of 18.06% and a negative return on equity of 77.61%. The company had revenue of $231.75 million for the quarter, compared to analysts' expectations of $288.13 million. During the same period in the prior year, the company earned ($1.22) earnings per share. The firm's revenue was down 39.4% compared to the same quarter last year. Sell-side analysts expect that Beyond, Inc. will post -3.75 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BYON. Wedbush upgraded Beyond to a "strong-buy" rating in a research note on Tuesday, July 1st. Needham & Company LLC reaffirmed a "hold" rating on shares of Beyond in a report on Wednesday, April 30th. Jefferies Financial Group decreased their price objective on shares of Beyond from $6.50 to $5.00 and set a "hold" rating for the company in a report on Tuesday, April 29th. Finally, Barclays dropped their target price on shares of Beyond from $7.00 to $5.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Beyond currently has an average rating of "Hold" and a consensus price target of $9.14.

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.