Ameriprise Financial Inc. Sells 230,216 Shares of Beyond, Inc. (NYSE:BYON)

Ameriprise Financial Inc. lessened its position in shares of Beyond, Inc. (NYSE:BYON - Free Report) by 80.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,640 shares of the company's stock after selling 230,216 shares during the period. Ameriprise Financial Inc. owned approximately 0.12% of Beyond worth $274,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in BYON. Bank of New York Mellon Corp boosted 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 valued at $672,000 after buying an additional 1,292 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Beyond by 68.4% in the 4th 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. AlphaQuest LLC boosted its holdings in shares of Beyond by 26.0% in the 4th quarter. AlphaQuest LLC now owns 22,880 shares of the company's stock valued at $113,000 after purchasing an additional 4,727 shares in the last quarter. OneDigital Investment Advisors LLC boosted its holdings in shares of Beyond by 50.6% in the 4th quarter. OneDigital Investment Advisors LLC now owns 17,299 shares of the company's stock valued at $85,000 after purchasing an additional 5,814 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Beyond in the 4th quarter valued at $30,000. Institutional investors own 76.30% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on BYON shares. Wedbush reiterated an "outperform" rating and issued a $15.00 price target on shares of Beyond in a research note on Tuesday, April 22nd. Maxim Group dropped their price target on Beyond from $26.00 to $16.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Jefferies Financial Group dropped their price target on Beyond from $6.50 to $5.00 and set a "hold" rating for the company in a research note on Tuesday, April 29th. Needham & Company LLC reaffirmed a "hold" rating on shares of Beyond in a research report on Wednesday, April 30th. Finally, Barclays lowered their target price on Beyond from $7.00 to $5.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $9.14.

Beyond Stock Performance

Shares of Beyond stock opened at $6.68 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 business has a 50-day moving average price of $4.87 and a two-hundred day moving average price of $5.81. Beyond, Inc. has a 1-year low of $3.54 and a 1-year high of $16.50. The company has a market cap of $385.01 million, a P/E ratio of -0.90 and a beta of 3.23.

Beyond (NYSE:BYON - Get Free Report) last issued its earnings results on Monday, April 28th. The company reported ($0.42) EPS for the quarter, beating the consensus estimate of ($0.67) by $0.25. The company had revenue of $231.75 million during the quarter, compared to the consensus estimate 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 for the quarter was down 39.4% compared to the same quarter last year. During the same period last year, the business posted ($1.22) EPS. As a group, analysts anticipate that Beyond, Inc. will post -3.75 EPS for the current year.

Insider Buying and Selling at Beyond

In other Beyond news, Chairman Marcus Lemonis bought 19,193 shares of the stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of $5.03 per share, with a total value of $96,540.79. Following the acquisition, the chairman now directly owns 456,151 shares of the company's stock, valued at $2,294,439.53. The trade was a 4.39% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.60% of the company's stock.

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.

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