Cetera Investment Advisers Acquires 57,645 Shares of Beyond, Inc. (NYSE:BYON)

Cetera Investment Advisers raised its holdings in Beyond, Inc. (NYSE:BYON - Free Report) by 128.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 102,560 shares of the company's stock after buying an additional 57,645 shares during the quarter. Cetera Investment Advisers owned about 0.22% of Beyond worth $506,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its position in shares of Beyond by 654.5% during the fourth quarter. BNP Paribas Financial Markets now owns 668,415 shares of the company's stock valued at $3,295,000 after purchasing an additional 579,826 shares in the last quarter. Northern Trust Corp boosted its position in shares of Beyond by 5.6% during the fourth quarter. Northern Trust Corp now owns 419,450 shares of the company's stock valued at $2,068,000 after purchasing an additional 22,276 shares in the last quarter. Pingora Partners LLC bought a new stake in shares of Beyond during the fourth quarter valued at approximately $41,000. Nebula Research & Development LLC bought a new stake in shares of Beyond during the fourth quarter valued at approximately $132,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Beyond by 61.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 42,227 shares of the company's stock worth $209,000 after acquiring an additional 16,043 shares in the last quarter. 76.30% of the stock is currently owned by institutional investors.

Beyond Stock Performance

Beyond stock traded down $0.13 during mid-day trading on Friday, reaching $6.48. 2,363,931 shares of the stock traded hands, compared to its average volume of 2,699,132. The stock has a market capitalization of $373.76 million, a PE ratio of -0.88 and a beta of 3.23. 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 12-month low of $3.54 and a 12-month high of $16.50. The business's 50-day moving average is $4.80 and its 200-day moving average is $5.80.

Beyond (NYSE:BYON - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The company reported ($0.42) EPS for the quarter, beating analysts' consensus estimates of ($0.67) by $0.25. The company 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%. Beyond's revenue for the quarter was down 39.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.22) earnings per share. As a group, sell-side analysts predict that Beyond, Inc. will post -3.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Jefferies Financial Group dropped their target price on Beyond from $6.50 to $5.00 and set a "hold" rating on the stock in a report on Tuesday, April 29th. Wedbush reissued an "outperform" rating and issued a $15.00 target price on shares of Beyond in a report on Tuesday, April 22nd. Barclays dropped their target price on Beyond from $7.00 to $5.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Needham & Company LLC reissued a "hold" rating on shares of Beyond in a report on Wednesday, April 30th. Finally, Maxim Group decreased 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. 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 stock. According to data from MarketBeat.com, Beyond presently has an average rating of "Hold" and a consensus target price of $9.14.

Insider Activity at Beyond

In related news, Chairman Marcus Lemonis purchased 19,193 shares of Beyond stock in a transaction on Thursday, March 13th. The stock was acquired 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 directly owns 456,151 shares in the company, valued at $2,294,439.53. This represents a 4.39% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.60% of the stock is owned by company insiders.

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.