Wealthfront Advisers LLC Takes $100,000 Position in Beyond, Inc. (NYSE:BYON)

Wealthfront Advisers LLC bought a new stake in Beyond, Inc. (NYSE:BYON) during the 4th quarter, HoldingsChannel reports. The firm bought 20,232 shares of the company’s stock, valued at approximately $100,000.

Several other institutional investors have also modified their holdings of the stock. Bank of New York Mellon Corp grew its position 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 purchasing an additional 1,292 shares during the period. Franklin Resources Inc. boosted its position in Beyond by 12.8% during the third quarter. Franklin Resources Inc. now owns 21,299 shares of the company’s stock worth $217,000 after acquiring an additional 2,411 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Beyond by 25.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,127 shares of the company’s stock worth $152,000 after acquiring an additional 3,059 shares during the last quarter. Dupree Financial Group LLC boosted its position in Beyond by 4.6% during the fourth quarter. Dupree Financial Group LLC now owns 94,149 shares of the company’s stock worth $464,000 after acquiring an additional 4,107 shares during the last quarter. Finally, AlphaQuest LLC boosted its position in Beyond by 26.0% during the fourth quarter. AlphaQuest LLC now owns 22,880 shares of the company’s stock worth $113,000 after acquiring an additional 4,727 shares during the last quarter. Institutional investors and hedge funds own 76.30% of the company’s stock.

Wall Street Analyst Weigh In

BYON has been the topic of a number of recent research reports. Barclays lowered their price target on shares of Beyond from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 9th. Wedbush restated an “outperform” rating and set a $15.00 price target on shares of Beyond in a research report on Wednesday, February 5th. Needham & Company LLC lowered shares of Beyond from a “buy” rating to a “hold” rating and set a $9.00 price target on the stock. in a research report on Wednesday, March 5th. Maxim Group lowered their price target on shares of Beyond from $26.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Finally, Argus downgraded shares of Beyond from a “hold” rating to a “sell” rating in a research note on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $9.64.

Insider Activity

In related news, Chairman Marcus Lemonis purchased 19,193 shares of Beyond stock in a transaction dated 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 purchase, the chairman now owns 456,151 shares of the company’s stock, valued at approximately $2,294,439.53. The trade was a 4.39 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.20% of the company’s stock.

Beyond Price Performance

Shares of BYON stock opened at $5.66 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.91. The firm’s 50-day moving average is $7.03 and its two-hundred day moving average is $7.47. Beyond, Inc. has a 12 month low of $4.45 and a 12 month high of $37.10. The company has a market capitalization of $300.53 million, a PE ratio of -0.77 and a beta of 3.91.

Beyond (NYSE:BYON) last issued its earnings results on Monday, February 24th. The company reported ($0.91) EPS for the quarter, missing analysts’ consensus estimates of ($0.74) by ($0.17). The firm had revenue of $303.15 million for the quarter, compared to analysts’ expectations of $337.96 million. Beyond had a negative return on equity of 69.32% and a negative net margin of 22.82%. Analysts predict that Beyond, Inc. will post -3.75 earnings per share for the current year.

Beyond 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.