D.A. Davidson & CO. Sells 3,290 Shares of Beyond, Inc. (NYSE:BYON)

D.A. Davidson & CO. cut its stake in shares of Beyond, Inc. (NYSE:BYON) by 24.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,435 shares of the company’s stock after selling 3,290 shares during the period. D.A. Davidson & CO.’s holdings in Beyond were worth $51,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. R Squared Ltd bought a new position in shares of Beyond during the fourth quarter worth $32,000. Safe Harbor Fiduciary LLC acquired a new stake in Beyond during the 3rd quarter worth $80,000. Y Intercept Hong Kong Ltd bought a new position in Beyond during the third quarter worth about $107,000. OneDigital Investment Advisors LLC acquired a new position in Beyond in the third quarter valued at about $116,000. Finally, Nwam LLC acquired a new position in Beyond in the third quarter valued at about $121,000. Institutional investors own 76.30% of the company’s stock.

Beyond Price Performance

Shares of BYON opened at $6.37 on Friday. The company has a 50 day moving average of $6.89 and a 200-day moving average of $7.90. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $293.08 million, a P/E ratio of -0.86 and a beta of 3.81. Beyond, Inc. has a twelve month low of $4.45 and a twelve month high of $37.10.

Beyond (NYSE:BYON) last released its earnings results on Monday, February 24th. The company reported ($0.91) earnings per share 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 during the quarter, compared to the consensus estimate of $337.96 million. As a group, equities research analysts forecast that Beyond, Inc. will post -3.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on BYON shares. Barclays cut their price objective on Beyond from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Thursday, January 9th. Maxim Group cut their price target on shares of Beyond from $26.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday. Argus cut shares of Beyond from a “hold” rating to a “sell” rating in a report on Wednesday, December 18th. Finally, Wedbush restated an “outperform” rating and set a $15.00 price objective on shares of Beyond in a report on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $10.86.

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.