Advisory Services Network LLC Decreases Holdings in Beyond, Inc. (NYSE:BYON)

Advisory Services Network LLC cut its position in Beyond, Inc. (NYSE:BYON - Free Report) by 77.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,290 shares of the company's stock after selling 78,200 shares during the quarter. Advisory Services Network LLC owned 0.05% of Beyond worth $115,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Beyond in the fourth quarter valued at about $30,000. R Squared Ltd acquired a new stake in Beyond during the 4th quarter valued at approximately $32,000. Skandinaviska Enskilda Banken AB publ raised its holdings in Beyond by 68.4% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 6,592 shares of the company's stock worth $32,000 after purchasing an additional 2,678 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Beyond in the 4th quarter worth approximately $39,000. Finally, Hollencrest Capital Management boosted its stake in shares of Beyond by 185.7% in the 4th quarter. Hollencrest Capital Management now owns 10,000 shares of the company's stock valued at $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.

Insider Activity

In other news, Chairman Marcus Lemonis purchased 19,193 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of $5.03 per share, for a total transaction of $96,540.79. Following the completion of the acquisition, the chairman now owns 456,151 shares in the company, valued at $2,294,439.53. This trade represents a 4.39 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.60% of the company's stock.

Beyond Stock Up 3.1 %

Shares of BYON traded up $0.13 during trading hours on Wednesday, reaching $4.13. The stock had a trading volume of 1,076,719 shares, compared to its average volume of 2,635,583. The firm has a 50-day simple moving average of $5.46 and a 200 day simple moving average of $6.39. Beyond, Inc. has a 12 month low of $3.54 and a 12 month high of $24.25. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $227.79 million, a price-to-earnings ratio of -0.56 and a beta of 4.09.

Beyond (NYSE:BYON - Get Free Report) last issued its quarterly earnings data on Monday, February 24th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.74) by ($0.17). Beyond had a negative net margin of 22.82% and a negative return on equity of 69.32%. The business had revenue of $303.15 million for the quarter, compared to analyst estimates of $337.96 million. Equities research analysts predict that Beyond, Inc. will post -3.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BYON shares. Jefferies Financial Group dropped their target price on shares of Beyond from $7.25 to $6.50 and set a "hold" rating on the stock in a report on Monday, March 10th. Wedbush reissued an "outperform" rating and issued a $15.00 price objective on shares of Beyond in a research note on Tuesday. Barclays decreased their target price on Beyond from $8.00 to $7.00 and set an "equal weight" rating for the company in a research note on Thursday, January 9th. Maxim Group dropped their price target on Beyond from $26.00 to $16.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Finally, Needham & Company LLC cut Beyond from a "buy" rating to a "hold" rating and set a $9.00 price target on the stock. in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $9.64.

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.