Royce & Associates LP Has $3.36 Million Position in Beyond, Inc. (NYSE:BYON)

Key Points

• Royce & Associates LP sold 230,605 shares of Beyond, Inc., reducing its holdings by 28.4% to approximately 580,000 shares worth about $3.36 million.
• Analysts have varied ratings on Beyond's stock, with current consensus being a "Hold" and a target price of $8.86, reflecting mixed investor sentiment.
• Beyond's recent earnings report showed a significant revenue decline of 39.4% year-over-year, with a net loss of $0.42 per share, better than previous estimates.

Royce & Associates LP decreased its stake in shares of Beyond, Inc. (NYSE:BYON - Free Report) by 28.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 580,000 shares of the company's stock after selling 230,605 shares during the quarter. Royce & Associates LP owned about 1.01% of Beyond worth $3,364,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Canada Pension Plan Investment Board acquired a new position in shares of Beyond in the fourth quarter valued at $32,000. KLP Kapitalforvaltning AS acquired a new position in Beyond in the 4th quarter valued at about $39,000. Pingora Partners LLC acquired a new position in shares of Beyond in the fourth quarter valued at approximately $41,000. RPO LLC acquired a new position in shares of Beyond in the fourth quarter valued at approximately $52,000. Finally, Platform Technology Partners acquired a new position in shares of Beyond in the first quarter valued at approximately $59,000. Institutional investors and hedge funds own 76.30% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Needham & Company LLC reaffirmed a "hold" rating on shares of Beyond in a report on Tuesday. Barclays decreased their price target on shares of Beyond from $7.00 to $5.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Wedbush increased their target price on shares of Beyond from $10.00 to $13.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Finally, Jefferies Financial Group decreased their target price on shares of Beyond from $6.50 to $5.00 and set a "hold" rating on the stock in a research report on Tuesday, April 29th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $8.86.

Beyond Trading Down 1.1%

NYSE:BYON traded down $0.10 during mid-day trading on Thursday, hitting $9.03. 998,983 shares of the company's stock were exchanged, compared to its average volume of 3,195,005. The company has a 50 day simple moving average of $7.41 and a 200-day simple moving average of $6.38. Beyond, Inc. has a fifty-two week low of $3.54 and a fifty-two week high of $12.32. The firm has a market capitalization of $520.91 million, a P/E ratio of -2.22 and a beta of 3.25.

Beyond (NYSE:BYON - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The company reported ($0.22) EPS for the quarter, topping analysts' consensus estimates of ($0.37) by $0.15. The company had revenue of $282.25 million for the quarter, compared to analyst estimates of $250.37 million. Beyond had a negative net margin of 17.86% and a negative return on equity of 74.03%. Beyond's revenue was down 29.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.76) earnings per share. As a group, analysts expect that Beyond, Inc. will post -3.75 earnings per share for the current year.

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.