Raymond James Financial Inc. acquired a new position in shares of Beyond, Inc. (NYSE:BYON - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 117,208 shares of the company's stock, valued at approximately $578,000. Raymond James Financial Inc. owned approximately 0.25% of Beyond as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Invesco Ltd. increased its holdings in shares of Beyond by 26.4% in the fourth quarter. Invesco Ltd. now owns 796,445 shares of the company's stock worth $3,926,000 after acquiring an additional 166,411 shares in the last quarter. Federated Hermes Inc. grew its position in shares of Beyond by 390.0% in the 4th quarter. Federated Hermes Inc. now owns 728,158 shares of the company's stock valued at $3,590,000 after purchasing an additional 579,565 shares during the period. JPMorgan Chase & Co. increased its stake in Beyond by 63.2% during the 4th quarter. JPMorgan Chase & Co. now owns 636,141 shares of the company's stock worth $3,136,000 after purchasing an additional 246,447 shares in the last quarter. Refined Wealth Management raised its holdings in Beyond by 14.8% during the 4th quarter. Refined Wealth Management now owns 401,095 shares of the company's stock worth $1,977,000 after buying an additional 51,763 shares during the period. Finally, Pamplona Capital Management LLC bought a new position in Beyond in the fourth quarter valued at approximately $1,630,000. 76.30% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Beyond
In other Beyond news, Chairman Marcus Lemonis bought 19,193 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were acquired 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. The trade was a 4.39% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on BYON. Needham & Company LLC restated a "hold" rating on shares of Beyond in a report on Wednesday, April 30th. Jefferies Financial Group cut their price target on Beyond from $6.50 to $5.00 and set a "hold" rating on the stock in a report on Tuesday, April 29th. Barclays decreased their price objective on Beyond from $7.00 to $5.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Maxim Group reduced their price target on Beyond from $26.00 to $16.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Finally, Wedbush reiterated an "outperform" rating and issued a $15.00 price objective on shares of Beyond in a report on Tuesday, April 22nd. 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $9.14.
Check Out Our Latest Research Report on BYON
Beyond Stock Up 7.4%
Shares of NYSE:BYON traded up $0.34 during midday trading on Monday, hitting $4.90. The stock had a trading volume of 2,078,362 shares, compared to its average volume of 2,635,299. The company has a market cap of $282.40 million, a P/E ratio of -0.66 and a beta of 3.23. Beyond, Inc. has a 12 month low of $3.54 and a 12 month high of $22.39. The business's 50-day simple moving average is $4.57 and its 200-day simple moving average is $5.83. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 0.17.
Beyond (NYSE:BYON - Get Free Report) last released 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. Beyond had a negative net margin of 22.82% and a negative return on equity of 69.32%. The company had revenue of $231.75 million for the quarter, compared to analyst estimates of $288.13 million. During the same period in the previous year, the business earned ($1.22) EPS. Beyond's revenue for the quarter was down 39.4% compared to the same quarter last year. On average, sell-side analysts forecast that Beyond, Inc. will post -3.75 earnings per share for the current fiscal year.
About Beyond
(
Free Report)
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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