Beyond, Inc. (NYSE:BYON) Position Boosted by Intech Investment Management LLC

Intech Investment Management LLC boosted its position in Beyond, Inc. (NYSE:BYON) by 54.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,632 shares of the company’s stock after buying an additional 8,335 shares during the quarter. Intech Investment Management LLC owned approximately 0.05% of Beyond worth $117,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp increased its holdings in shares of Beyond by 0.9% in the 3rd quarter. State Street Corp now owns 1,016,563 shares of the company’s stock valued at $10,247,000 after acquiring an additional 8,580 shares during the last quarter. Refined Wealth Management boosted its holdings in Beyond by 14.8% in the fourth quarter. Refined Wealth Management now owns 401,095 shares of the company’s stock worth $1,977,000 after purchasing an additional 51,763 shares during the period. JPMorgan Chase & Co. increased its stake in Beyond by 34.7% during the third quarter. JPMorgan Chase & Co. now owns 389,694 shares of the company’s stock valued at $3,928,000 after purchasing an additional 100,335 shares during the last quarter. SRN Advisors LLC raised its holdings in shares of Beyond by 164.5% during the fourth 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 lifted its position in shares of Beyond by 25.0% in the 3rd quarter. Second Line Capital LLC now owns 151,053 shares of the company’s stock worth $1,523,000 after buying an additional 30,196 shares during the last quarter. Institutional investors and hedge funds own 76.30% of the company’s stock.

Beyond Stock Performance

Shares of BYON stock opened at $5.61 on Friday. Beyond, Inc. has a 12-month low of $4.45 and a 12-month high of $36.50. 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 has a market capitalization of $308.71 million, a price-to-earnings ratio of -0.76 and a beta of 3.91. The business has a 50 day simple moving average of $6.90 and a 200 day simple moving average of $7.25.

Beyond (NYSE:BYON) last issued its quarterly 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). Beyond had a negative net margin of 22.82% and a negative return on equity of 69.32%. The business had revenue of $303.15 million for the quarter, compared to analyst estimates of $337.96 million. On average, equities research analysts anticipate that Beyond, Inc. will post -3.75 EPS for the current year.

Wall Street Analyst Weigh In

BYON has been the subject of a number of recent research reports. Wedbush reaffirmed an “outperform” rating and set a $15.00 price objective on shares of Beyond in a research report on Wednesday, March 19th. Jefferies Financial Group dropped their price target on Beyond from $7.25 to $6.50 and set a “hold” rating on the stock in a research report on Monday, March 10th. Barclays reduced their price objective on Beyond from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Thursday, January 9th. Needham & Company LLC lowered 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. Finally, Argus cut Beyond from a “hold” rating to a “sell” rating in a research note on Wednesday, December 18th. Two research 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. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $9.64.

Insider Buying and Selling at Beyond

In related news, Chairman Marcus Lemonis acquired 19,193 shares of the firm’s 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 acquisition, the chairman now directly 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 position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.20% of the stock is owned by corporate insiders.

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.