Raymond James Financial Inc. Purchases New Holdings in Beyond, Inc. (NYSE:BYON)

Raymond James Financial Inc. acquired a new stake in Beyond, Inc. (NYSE:BYON - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 117,208 shares of the company's stock, valued at approximately $578,000. Raymond James Financial Inc. owned about 0.25% of Beyond at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC bought a new position in Beyond during the 4th quarter worth $30,000. SRN Advisors LLC raised its position in shares of Beyond by 164.5% during the fourth quarter. SRN Advisors LLC now owns 320,001 shares of the company's stock worth $1,578,000 after acquiring an additional 199,000 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Beyond by 1.0% in the fourth quarter. Bank of New York Mellon Corp now owns 136,405 shares of the company's stock worth $672,000 after acquiring an additional 1,292 shares during the period. Sigma Planning Corp bought a new stake in Beyond in the fourth quarter valued at approximately $75,000. Finally, Gladstone Institutional Advisory LLC increased its position in Beyond by 29.1% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 93,514 shares of the company's stock valued at $461,000 after purchasing an additional 21,100 shares during the period. Institutional investors own 76.30% of the company's stock.

Insiders Place Their Bets

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

Beyond Stock Down 8.8 %

Beyond stock traded down $0.38 during midday trading on Friday, reaching $3.88. The stock had a trading volume of 2,457,850 shares, compared to its average volume of 2,627,089. The company has a fifty day moving average price of $6.14 and a two-hundred day moving average price of $6.68. Beyond, Inc. has a 12 month low of $3.54 and a 12 month high of $27.24. 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 $213.98 million, a P/E 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 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 firm had revenue of $303.15 million for the quarter, compared to the consensus estimate of $337.96 million. As a group, equities analysts expect that Beyond, Inc. will post -3.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BYON has been the topic of a number of analyst reports. Maxim Group reduced their price objective on shares of Beyond from $26.00 to $16.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Needham & Company LLC lowered shares of Beyond from a "buy" rating to a "hold" rating and set a $9.00 target price on the stock. in a report on Wednesday, March 5th. Wedbush reiterated an "outperform" rating and set a $15.00 price target on shares of Beyond in a report on Wednesday, March 19th. Jefferies Financial Group dropped their price objective on Beyond from $7.25 to $6.50 and set a "hold" rating on the stock in a research note on Monday, March 10th. Finally, Barclays lowered their target price on Beyond from $8.00 to $7.00 and set an "equal weight" rating for the company in a report on Thursday, January 9th. Two 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. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $9.64.

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.