Wealthcare Advisory Partners LLC Takes Position in Beyond, Inc. (NYSE:BYON)

Wealthcare Advisory Partners LLC acquired a new position in Beyond, Inc. (NYSE:BYON) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 14,169 shares of the company’s stock, valued at approximately $82,000.

Several other hedge funds also recently made changes to their positions in the business. Bank of New York Mellon Corp raised its holdings 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 acquiring an additional 1,292 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Beyond by 68.4% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 6,592 shares of the company’s stock valued at $32,000 after purchasing an additional 2,678 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Beyond by 9.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 50,805 shares of the company’s stock worth $250,000 after buying an additional 4,418 shares during the period. AlphaQuest LLC grew its holdings in shares of Beyond by 26.0% during the fourth quarter. AlphaQuest LLC now owns 22,880 shares of the company’s stock valued at $113,000 after buying an additional 4,727 shares in the last quarter. Finally, OneDigital Investment Advisors LLC grew its holdings in shares of Beyond by 50.6% during the fourth quarter. OneDigital Investment Advisors LLC now owns 17,299 shares of the company’s stock valued at $85,000 after buying an additional 5,814 shares in the last quarter. Institutional investors and hedge funds own 76.30% of the company’s stock.

Beyond Stock Performance

Shares of BYON opened at $6.51 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.91. Beyond, Inc. has a one year low of $3.54 and a one year high of $15.44. The company’s fifty day moving average price is $5.17 and its 200 day moving average price is $5.84. The company has a market capitalization of $375.72 million, a PE ratio of -0.88 and a beta of 3.29.

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

Wall Street Analyst Weigh In

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

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.