Beyond, Inc. (NYSE:BYON) Shares Purchased by LPL Financial LLC

LPL Financial LLC boosted its position in shares of Beyond, Inc. (NYSE:BYON) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 177,996 shares of the company’s stock after purchasing an additional 7,147 shares during the quarter. LPL Financial LLC owned approximately 0.39% of Beyond worth $878,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. State Street Corp boosted its position in Beyond by 0.9% during the third quarter. State Street Corp now owns 1,016,563 shares of the company’s stock worth $10,247,000 after acquiring an additional 8,580 shares during the last quarter. Refined Wealth Management grew its stake in Beyond by 14.8% during the fourth quarter. Refined Wealth Management now owns 401,095 shares of the company’s stock worth $1,977,000 after buying an additional 51,763 shares during the period. JPMorgan Chase & Co. increased its holdings in Beyond by 34.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 389,694 shares of the company’s stock valued at $3,928,000 after purchasing an additional 100,335 shares in the last quarter. SRN Advisors LLC raised its holdings in shares of Beyond by 164.5% during the 4th quarter. SRN Advisors LLC now owns 320,001 shares of the company’s stock valued at $1,578,000 after buying an additional 199,000 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Beyond by 1.0% during the fourth quarter. Bank of New York Mellon Corp now owns 136,405 shares of the company’s stock valued at $672,000 after purchasing an additional 1,292 shares during the period. 76.30% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Beyond news, Chairman Marcus Lemonis acquired 19,193 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of $5.03 per share, with a total value of $96,540.79. Following the completion of the transaction, the chairman now owns 456,151 shares in the company, valued at $2,294,439.53. The trade was a 4.39 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s stock.

Beyond Trading Down 4.4 %

Shares of NYSE BYON opened at $3.91 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. Beyond, Inc. has a 12 month low of $3.54 and a 12 month high of $24.25. The company has a market cap of $215.91 million, a price-to-earnings ratio of -0.53 and a beta of 4.09. The business has a fifty day simple moving average of $5.54 and a 200-day simple moving average of $6.41.

Beyond (NYSE:BYON) last released its earnings results 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). The business had revenue of $303.15 million during the quarter, compared to analysts’ expectations of $337.96 million. Beyond had a negative net margin of 22.82% and a negative return on equity of 69.32%. Sell-side analysts predict that Beyond, Inc. will post -3.75 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on BYON. Wedbush reiterated an “outperform” rating and issued a $15.00 price target on shares of Beyond in a research note on Wednesday, March 19th. Maxim Group decreased their price target 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. 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. Barclays lowered their target price on 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, Needham & Company LLC cut shares of Beyond from a “buy” rating to a “hold” rating and set a $9.00 price objective for the company. in a report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average 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.