Wedbush Securities Inc. lifted its holdings in shares of Beyond, Inc. (NYSE:BYON - Free Report) by 950.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 132,023 shares of the company's stock after purchasing an additional 119,450 shares during the quarter. Wedbush Securities Inc. owned about 0.29% of Beyond worth $651,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently added to or reduced their stakes in the business. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Beyond during the fourth quarter worth $30,000. R Squared Ltd acquired a new position in Beyond in the 4th quarter valued at about $32,000. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Beyond by 68.4% during the fourth 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 stake in shares of Beyond in the 4th quarter worth $39,000. Finally, Hollencrest Capital Management boosted its holdings in 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 in the last quarter. 76.30% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
BYON has been the topic of a number of research analyst reports. Wedbush reissued an "outperform" rating and set a $15.00 price objective on shares of Beyond in a report on Wednesday, March 19th. Needham & Company LLC downgraded Beyond from a "buy" rating to a "hold" rating and set a $9.00 target price on the stock. in a research report on Wednesday, March 5th. Barclays decreased their price target on shares of Beyond from $8.00 to $7.00 and set an "equal weight" rating on the stock in a report on Thursday, January 9th. Jefferies Financial Group dropped their target price on shares of Beyond from $7.25 to $6.50 and set a "hold" rating for the company in a research report on Monday, March 10th. Finally, Maxim Group reduced their price objective on Beyond from $26.00 to $16.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $9.64.
Get Our Latest Stock Analysis on Beyond
Beyond Stock Down 8.8 %
BYON stock traded down $0.38 during mid-day trading on Friday, hitting $3.88. 2,457,850 shares of the company were exchanged, compared to its average volume of 2,630,675. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 0.17. Beyond, Inc. has a twelve month low of $3.54 and a twelve month high of $27.07. The firm has a fifty day simple moving average of $6.14 and a 200 day simple moving average of $6.65. The company has a market capitalization of $213.98 million, a PE ratio of -0.52 and a beta of 4.09.
Beyond (NYSE:BYON - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The company reported ($0.91) EPS for the quarter, missing analysts' consensus estimates of ($0.74) by ($0.17). The business had revenue of $303.15 million during the quarter, compared to analyst estimates of $337.96 million. Beyond had a negative return on equity of 69.32% and a negative net margin of 22.82%. On average, research analysts forecast that Beyond, Inc. will post -3.75 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Beyond news, Chairman Marcus Lemonis purchased 19,193 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were bought at an average price of $5.03 per share, with a total value of $96,540.79. Following the completion of the acquisition, the chairman now owns 456,151 shares in the company, valued at approximately $2,294,439.53. This represents a 4.39 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.20% of the company's stock.
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.
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