HighTower Advisors LLC Raises Stake in Beyond, Inc. (NYSE:BYON)

HighTower Advisors LLC increased its position in Beyond, Inc. (NYSE:BYON) by 16.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 91,628 shares of the company’s stock after buying an additional 12,610 shares during the period. HighTower Advisors LLC’s holdings in Beyond were worth $452,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BYON. State Street Corp boosted its position in shares of Beyond by 0.9% during the third quarter. State Street Corp now owns 1,016,563 shares of the company’s stock worth $10,247,000 after acquiring an additional 8,580 shares during the last quarter. Refined Wealth Management raised its stake in Beyond by 14.8% during the fourth quarter. Refined Wealth Management now owns 401,095 shares of the company’s stock valued at $1,977,000 after purchasing an additional 51,763 shares in the last quarter. JPMorgan Chase & Co. grew its position in Beyond by 34.7% in the third quarter. JPMorgan Chase & Co. now owns 389,694 shares of the company’s stock worth $3,928,000 after acquiring an additional 100,335 shares in the last quarter. SRN Advisors LLC boosted its holdings in shares of Beyond by 164.5% in the 4th quarter. SRN Advisors LLC now owns 320,001 shares of the company’s stock worth $1,578,000 after purchasing an additional 199,000 shares during the period. Finally, Second Line Capital LLC increased its position in Beyond by 25.0% during the third quarter. Second Line Capital LLC now owns 151,053 shares of the company’s stock valued at $1,523,000 after acquiring an additional 30,196 shares during the last quarter. Institutional investors own 76.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BYON shares. Argus cut Beyond from a “hold” rating to a “sell” rating in a research note on Wednesday, December 18th. Jefferies Financial Group reduced their target price on shares of Beyond from $7.25 to $6.50 and set a “hold” rating on the stock in a research report on Monday, March 10th. Needham & Company LLC lowered Beyond from a “buy” rating to a “hold” rating and set a $9.00 price target for the company. in a report on Wednesday, March 5th. Wedbush reissued an “outperform” rating and issued a $15.00 price objective on shares of Beyond in a research note on Wednesday, March 19th. Finally, Barclays cut their price target on Beyond from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 9th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Beyond currently has a consensus rating of “Hold” and an average target price of $9.64.

Beyond Price Performance

NYSE BYON opened at $5.32 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $292.74 million, a P/E ratio of -0.72 and a beta of 3.91. Beyond, Inc. has a 12-month low of $4.45 and a 12-month high of $36.07. The firm’s fifty day simple moving average is $6.89 and its two-hundred day simple moving average is $7.16.

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

Insider Activity

In other Beyond news, Chairman Marcus Lemonis bought 19,193 shares of Beyond stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of $5.03 per share, with a total value of $96,540.79. Following the completion of the acquisition, the chairman now directly owns 456,151 shares in the company, valued at approximately $2,294,439.53. This trade represents a 4.39 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.20% of the company’s stock.

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.