Raymond James Financial Inc. Takes Position in Beyond, Inc. (NYSE:BYON)

Raymond James Financial Inc. purchased a new position in shares of Beyond, Inc. (NYSE:BYON) during the fourth quarter, HoldingsChannel reports. The firm purchased 117,208 shares of the company’s stock, valued at approximately $578,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Beyond during the fourth quarter valued at approximately $30,000. R Squared Ltd acquired a new stake in Beyond in the 4th quarter valued at $32,000. Y Intercept Hong Kong Ltd bought a new stake in Beyond during the 3rd quarter valued at $107,000. SG Americas Securities LLC bought a new stake in Beyond during the 4th quarter valued at $67,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings 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 buying an additional 3,059 shares during the last quarter. Institutional investors own 76.30% of the company’s stock.

Insiders Place Their Bets

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

Beyond Stock Performance

Shares of Beyond stock opened at $3.94 on Monday. The business’s fifty day simple moving average is $6.69 and its 200 day simple moving average is $6.94. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 0.17. Beyond, Inc. has a 12 month low of $3.62 and a 12 month high of $30.59. The firm has a market capitalization of $217.57 million, a P/E ratio of -0.53 and a beta of 4.09.

Beyond (NYSE:BYON) last released 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 business had revenue of $303.15 million for the quarter, compared to the consensus estimate of $337.96 million. Beyond had a negative return on equity of 69.32% and a negative net margin of 22.82%. As a group, analysts anticipate that Beyond, Inc. will post -3.75 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on BYON shares. Argus cut shares of Beyond from a “hold” rating to a “sell” rating in a report on Wednesday, December 18th. Jefferies Financial Group lowered their price objective on Beyond from $7.25 to $6.50 and set a “hold” rating for the company in a research note on Monday, March 10th. Needham & Company LLC cut Beyond from a “buy” rating to a “hold” rating and set a $9.00 target price on the stock. in a research report on Wednesday, March 5th. Wedbush reissued an “outperform” rating and issued a $15.00 price target on shares of Beyond in a research report on Wednesday, March 19th. Finally, Maxim Group dropped their price objective on Beyond from $26.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Two equities research 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 data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $9.64.

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.