Pamplona Capital Management LLC Invests $1.63 Million in Beyond, Inc. (NYSE:BYON)

Pamplona Capital Management LLC bought a new position in Beyond, Inc. (NYSE:BYON - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 330,655 shares of the company's stock, valued at approximately $1,630,000. Beyond comprises about 0.2% of Pamplona Capital Management LLC's portfolio, making the stock its 5th largest position. Pamplona Capital Management LLC owned 0.72% of Beyond as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of BYON. Kohmann Bosshard Financial Services LLC acquired a new stake in Beyond in the fourth quarter worth about $30,000. R Squared Ltd acquired a new stake in shares of Beyond during the 4th quarter worth approximately $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 buying an additional 2,678 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new position in Beyond in the third quarter valued at approximately $80,000. Finally, KLP Kapitalforvaltning AS bought a new position in Beyond in the fourth quarter valued at approximately $39,000. 76.30% of the stock is currently owned by institutional investors and hedge funds.

Beyond Stock Down 0.6 %

Shares of BYON traded down $0.03 on Wednesday, hitting $5.00. The company's stock had a trading volume of 1,300,953 shares, compared to its average volume of 2,577,915. The firm's fifty day moving average price is $6.87 and its 200-day moving average price is $7.08. Beyond, Inc. has a fifty-two week low of $4.45 and a fifty-two week high of $35.07. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $275.39 million, a price-to-earnings ratio of -0.68 and a beta of 3.91.

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Beyond (NYSE:BYON - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The company reported ($0.91) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $303.15 million during the quarter, compared to analyst estimates of $337.96 million. On average, equities research analysts expect that Beyond, Inc. will post -3.75 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Argus downgraded Beyond from a "hold" rating to a "sell" rating in a research note on Wednesday, December 18th. Jefferies Financial Group cut their target price on Beyond from $7.25 to $6.50 and set a "hold" rating on the stock in a research note on Monday, March 10th. Needham & Company LLC lowered Beyond from a "buy" rating to a "hold" rating and set a $9.00 target price for the company. in a research report on Wednesday, March 5th. Barclays cut their price target on shares of Beyond from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Thursday, January 9th. Finally, Maxim Group decreased their price objective on shares of Beyond from $26.00 to $16.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $9.64.

Insiders Place Their Bets

In other news, Chairman Marcus Lemonis purchased 19,193 shares of Beyond stock in a transaction on Thursday, March 13th. The stock was purchased at an average price of $5.03 per share, with a total value of $96,540.79. Following the transaction, the chairman now directly owns 456,151 shares in the company, valued at $2,294,439.53. The trade was a 4.39 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.20% of the company's stock.

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.