Beyond, Inc. (NYSE:BYON) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lowered its holdings in shares of Beyond, Inc. (NYSE:BYON - Free Report) by 30.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 205,463 shares of the company's stock after selling 91,394 shares during the quarter. Stifel Financial Corp owned about 0.45% of Beyond worth $1,013,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in BYON. Kohmann Bosshard Financial Services LLC acquired a new position in Beyond in the 4th quarter valued at approximately $30,000. Canada Pension Plan Investment Board acquired a new stake in Beyond in the 4th quarter valued at about $32,000. R Squared Ltd bought a new position in Beyond in the 4th quarter valued at $32,000. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Beyond by 68.4% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 6,592 shares of the company's stock worth $32,000 after buying an additional 2,678 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in Beyond in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 76.30% of the company's stock.

Insider Activity at Beyond

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

Beyond Price Performance

BYON traded up $0.47 during trading on Monday, reaching $5.03. The stock had a trading volume of 3,109,581 shares, compared to its average volume of 2,639,233. The business has a 50-day moving average of $4.57 and a 200-day moving average of $5.83. The stock has a market cap of $289.84 million, a PE ratio of -0.68 and a beta of 3.23. Beyond, Inc. has a one year low of $3.54 and a one year high of $22.39. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.91 and a current ratio of 0.97.

Beyond (NYSE:BYON - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The company reported ($0.42) earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $288.13 million. During the same period last year, the business earned ($1.22) EPS. Beyond's quarterly revenue was down 39.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Beyond, Inc. will post -3.75 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.