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

Cetera Investment Advisers raised its stake in Beyond, Inc. (NYSE:BYON - Free Report) by 128.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 102,560 shares of the company's stock after acquiring an additional 57,645 shares during the period. Cetera Investment Advisers owned about 0.22% of Beyond worth $506,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Wedbush Securities Inc. boosted its stake in Beyond by 950.1% in the fourth quarter. Wedbush Securities Inc. now owns 132,023 shares of the company's stock worth $651,000 after purchasing an additional 119,450 shares in the last quarter. Pamplona Capital Management LLC acquired a new position in Beyond in the fourth quarter worth $1,630,000. Raymond James Financial Inc. acquired a new position in Beyond in the fourth quarter worth $578,000. KLP Kapitalforvaltning AS acquired a new position in Beyond in the fourth quarter worth $39,000. Finally, Price T Rowe Associates Inc. MD boosted its stake 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 purchasing an additional 16,043 shares in the last quarter. 76.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BYON has been the topic of a number of recent analyst reports. Barclays reduced their price objective on Beyond from $7.00 to $5.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Jefferies Financial Group reduced their price objective on Beyond from $6.50 to $5.00 and set a "hold" rating on the stock in a research note on Tuesday, April 29th. Maxim Group cut their price target on Beyond from $26.00 to $16.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Needham & Company LLC reaffirmed a "hold" rating on shares of Beyond in a research note on Wednesday, April 30th. Finally, Wedbush reaffirmed an "outperform" rating and set a $15.00 price target on shares of Beyond in a research note on Tuesday, April 22nd. Two 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. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $9.14.

Beyond Stock Performance

NYSE:BYON traded down $0.01 during mid-day trading on Thursday, hitting $6.65. 3,134,455 shares of the stock were exchanged, compared to its average volume of 2,689,395. The firm's 50-day simple moving average is $4.74 and its 200 day simple moving average is $5.80. Beyond, Inc. has a fifty-two week low of $3.54 and a fifty-two week high of $16.50. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.91 and a current ratio of 0.97. The stock has a market capitalization of $383.28 million, a price-to-earnings ratio of -0.90 and a beta of 3.23.

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, topping analysts' consensus estimates of ($0.67) by $0.25. Beyond had a negative return on equity of 69.32% and a negative net margin of 22.82%. The firm had revenue of $231.75 million for the quarter, compared to analyst estimates of $288.13 million. During the same quarter last year, the company earned ($1.22) EPS. The company's revenue was down 39.4% on a year-over-year basis. As a group, equities analysts anticipate that Beyond, Inc. will post -3.75 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Chairman Marcus Lemonis bought 19,193 shares of the business's stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $5.03 per share, with a total value of $96,540.79. Following the acquisition, the chairman now owns 456,151 shares of the company's stock, valued at $2,294,439.53. This represents a 4.39% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

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.