Beyond, Inc. (NYSE:BYON) Holdings Boosted by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Beyond, Inc. (NYSE:BYON) by 9.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,805 shares of the company’s stock after purchasing an additional 4,418 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.11% of Beyond worth $250,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC bought a new stake in Beyond in the fourth quarter worth $30,000. Skandinaviska Enskilda Banken AB publ boosted its holdings in Beyond by 68.4% in 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 in the last quarter. R Squared Ltd bought a new stake in Beyond in the fourth quarter worth $32,000. Canada Pension Plan Investment Board bought a new stake in Beyond in the fourth quarter worth $32,000. Finally, KLP Kapitalforvaltning AS bought a new stake in Beyond in the fourth quarter worth $39,000. 76.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Beyond

In related news, Chairman Marcus Lemonis purchased 19,193 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price 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 approximately $2,294,439.53. This trade represents a 4.39% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BYON shares. Barclays decreased their price target on shares of Beyond from $7.00 to $5.00 and set an “equal weight” rating for the company in a report on Wednesday, April 30th. Wedbush restated an “outperform” rating and set a $15.00 price target on shares of Beyond in a report on Tuesday, April 22nd. Jefferies Financial Group decreased their price target on shares of Beyond from $6.50 to $5.00 and set a “hold” rating for the company in a report on Tuesday, April 29th. Needham & Company LLC restated a “hold” rating on shares of Beyond in a report on Wednesday, April 30th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $9.14.

Beyond Stock Performance

NYSE BYON opened at $6.48 on Friday. 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 firm has a market cap of $373.76 million, a price-to-earnings ratio of -0.88 and a beta of 3.23. The company has a 50 day moving average of $4.80 and a 200-day moving average of $5.80. Beyond, Inc. has a 1-year low of $3.54 and a 1-year high of $16.50.

Beyond (NYSE:BYON) last released its earnings results on Monday, April 28th. The company reported ($0.42) EPS for the quarter, topping analysts’ consensus estimates of ($0.67) by $0.25. The firm had revenue of $231.75 million during the quarter, compared to analyst estimates of $288.13 million. Beyond had a negative net margin of 22.82% and a negative return on equity of 69.32%. The business’s quarterly revenue was down 39.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($1.22) EPS. On average, equities analysts forecast that Beyond, Inc. will post -3.75 earnings per share for the current fiscal year.

Beyond Company 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.