JPMorgan Chase & Co. Has $3.14 Million Position in Beyond, Inc. (NYSE:BYON)

JPMorgan Chase & Co. raised its stake in Beyond, Inc. (NYSE:BYON) by 63.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 636,141 shares of the company’s stock after acquiring an additional 246,447 shares during the period. JPMorgan Chase & Co. owned about 1.38% of Beyond worth $3,136,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BYON. SRN Advisors LLC grew its holdings in Beyond by 164.5% during the 4th 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. Raymond James Financial Inc. bought a new stake in shares of Beyond in the fourth quarter worth about $578,000. Refined Wealth Management boosted its holdings in shares of Beyond by 14.8% in the fourth quarter. Refined Wealth Management now owns 401,095 shares of the company’s stock valued at $1,977,000 after buying an additional 51,763 shares during the period. ARS Investment Partners LLC raised its stake in shares of Beyond by 62.2% in the 4th quarter. ARS Investment Partners LLC now owns 106,873 shares of the company’s stock valued at $527,000 after purchasing an additional 41,000 shares during the period. Finally, Gladstone Institutional Advisory LLC grew its stake in shares of Beyond by 29.1% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 93,514 shares of the company’s stock worth $461,000 after acquiring an additional 21,100 shares in the last quarter. 76.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Barclays dropped 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. Needham & Company LLC cut Beyond from a “buy” rating to a “hold” rating and set a $9.00 target price for the company. in a research note on Wednesday, March 5th. Jefferies Financial Group decreased their target price on shares of Beyond from $7.25 to $6.50 and set a “hold” rating on the stock in a research note on Monday, March 10th. Maxim Group cut their target price on shares of Beyond from $26.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Finally, Wedbush reiterated an “outperform” rating and issued a $15.00 target price on shares of Beyond in a report on Wednesday, March 19th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Beyond presently has a consensus rating of “Hold” and a consensus target price of $9.64.

Insider Buying and Selling at Beyond

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

Beyond Price Performance

Shares of 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. The business’s fifty day moving average is $5.54 and its 200 day moving average is $6.41. The stock has a market cap of $215.91 million, a P/E ratio of -0.53 and a beta of 4.09. Beyond, Inc. has a 12-month low of $3.54 and a 12-month high of $24.25.

Beyond (NYSE:BYON) last announced its earnings results on Monday, February 24th. The company reported ($0.91) EPS for the quarter, missing the consensus estimate of ($0.74) by ($0.17). The firm 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 anticipate that Beyond, Inc. will post -3.75 earnings per share for the current fiscal year.

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.