Barclays PLC Boosts Holdings in Beyond, Inc. (NYSE:BYON)

Barclays PLC grew its position in Beyond, Inc. (NYSE:BYON) by 51.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 93,939 shares of the company’s stock after purchasing an additional 31,902 shares during the quarter. Barclays PLC’s holdings in Beyond were worth $463,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Beyond in the 4th quarter worth $30,000. R Squared Ltd purchased a new stake in Beyond in the fourth quarter valued at about $32,000. Skandinaviska Enskilda Banken AB publ raised its stake in Beyond by 68.4% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 6,592 shares of the company’s stock valued at $32,000 after buying an additional 2,678 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Beyond in the fourth quarter worth about $39,000. Finally, Hollencrest Capital Management grew its stake in shares of Beyond by 185.7% during the fourth quarter. Hollencrest Capital Management now owns 10,000 shares of the company’s stock worth $49,000 after acquiring an additional 6,500 shares during the last quarter. 76.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Beyond news, Chairman Marcus Lemonis bought 19,193 shares of Beyond stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $5.03 per share, for a total transaction of $96,540.79. Following the completion of the transaction, 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is currently owned by corporate insiders.

Beyond Trading Up 3.6 %

Shares of Beyond stock opened at $4.55 on Friday. Beyond, Inc. has a twelve month low of $3.54 and a twelve month high of $22.39. The firm’s 50-day moving average price is $4.57 and its 200 day moving average price is $5.86. 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 $262.44 million, a PE ratio of -0.62 and a beta of 3.23.

Beyond (NYSE:BYON) last issued its quarterly earnings results on Monday, April 28th. The company reported ($0.42) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.67) by $0.25. Beyond had a negative return on equity of 69.32% and a negative net margin of 22.82%. The firm 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 company posted ($1.22) earnings per share. The business’s revenue was down 39.4% on a year-over-year basis. On average, sell-side analysts predict that Beyond, Inc. will post -3.75 EPS for the current fiscal year.

About Beyond

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.