Private Advisor Group LLC Decreases Holdings in Beyond, Inc. (NYSE:BYON)

Private Advisor Group LLC decreased its position in shares of Beyond, Inc. (NYSE:BYON) by 24.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 24,130 shares of the company’s stock after selling 7,837 shares during the quarter. Private Advisor Group LLC owned approximately 0.05% of Beyond worth $119,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in shares of Beyond by 34.7% during the 3rd 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 during the period. Royce & Associates LP grew its stake in shares of Beyond by 57.8% during the 3rd quarter. Royce & Associates LP now owns 845,977 shares of the company’s stock worth $8,527,000 after acquiring an additional 309,810 shares during the period. Franklin Resources Inc. grew its stake in shares of Beyond by 12.8% during the 3rd quarter. Franklin Resources Inc. now owns 21,299 shares of the company’s stock worth $217,000 after acquiring an additional 2,411 shares during the period. Refined Wealth Management grew its stake in shares of Beyond by 14.8% during the 4th quarter. Refined Wealth Management now owns 401,095 shares of the company’s stock worth $1,977,000 after acquiring an additional 51,763 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Beyond by 14.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 98,621 shares of the company’s stock worth $994,000 after acquiring an additional 12,794 shares during the period. Institutional investors own 76.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BYON. Maxim Group cut their price target on Beyond from $26.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Wedbush restated an “outperform” rating and issued a $15.00 target price on shares of Beyond in a research note on Wednesday, February 5th. Barclays cut their target price on Beyond from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Thursday, January 9th. Needham & Company LLC downgraded Beyond from a “buy” rating to a “hold” rating and set a $9.00 target price for the company. in a research note on Wednesday. Finally, Argus downgraded Beyond from a “hold” rating to a “sell” rating in a research note on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Beyond currently has an average rating of “Hold” and a consensus target price of $10.29.

Beyond Stock Performance

Shares of BYON opened at $6.12 on Friday. The company has a market cap of $325.46 million, a PE ratio of -0.83 and a beta of 3.91. 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 stock has a 50-day moving average price of $7.02 and a 200-day moving average price of $7.73. Beyond, Inc. has a 12-month low of $4.45 and a 12-month high of $37.10.

Beyond (NYSE:BYON) last issued its quarterly earnings results on Monday, February 24th. The company reported ($0.91) earnings per share (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 net margin of 22.82% and a negative return on equity of 69.32%. As a group, equities analysts forecast that Beyond, Inc. will post -3.75 earnings per share 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.