Beyond, Inc. (NYSE:BYON) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its stake in shares of Beyond, Inc. (NYSE:BYON) by 28.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 428,291 shares of the company’s stock after selling 166,669 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.93% of Beyond worth $2,111,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new position in Beyond in the 4th quarter valued at $30,000. R Squared Ltd purchased a new stake in Beyond in the 4th quarter worth approximately $32,000. Safe Harbor Fiduciary LLC purchased a new stake in Beyond in the third quarter valued at approximately $80,000. Y Intercept Hong Kong Ltd acquired a new stake in Beyond during the 3rd quarter worth approximately $107,000. Finally, Private Trust Co. NA raised its position in Beyond by 66.7% in the third quarter. Private Trust Co. NA now owns 12,500 shares of the company’s stock valued at $126,000 after purchasing an additional 5,000 shares during the period. 76.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Needham & Company LLC downgraded shares of Beyond from a “buy” rating to a “hold” rating and set a $9.00 price target for the company. in a research report on Wednesday, March 5th. Wedbush reaffirmed an “outperform” rating and set a $15.00 target price on shares of Beyond in a report on Wednesday, March 19th. Barclays dropped their target price 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 reduced their price target on Beyond from $26.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Finally, Jefferies Financial Group lowered their price target on Beyond from $7.25 to $6.50 and set a “hold” rating on the stock in a research note on Monday, March 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $9.64.

Insiders Place Their Bets

In related news, Chairman Marcus Lemonis purchased 19,193 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of $5.03 per share, for a total transaction of $96,540.79. Following the completion of the transaction, the chairman now owns 456,151 shares of the company’s stock, valued at approximately $2,294,439.53. This trade represents a 4.39 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.20% of the company’s stock.

Beyond Stock Down 4.9 %

Shares of NYSE:BYON opened at $5.32 on Friday. The company has a 50 day moving average price of $6.89 and a two-hundred day moving average price of $7.22. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.91 and a current ratio of 0.97. The company has a market capitalization of $292.74 million, a PE ratio of -0.72 and a beta of 3.91. Beyond, Inc. has a 52 week low of $4.45 and a 52 week high of $36.07.

Beyond (NYSE:BYON) last released its earnings results on Monday, February 24th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.74) by ($0.17). The company 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%. Analysts forecast that Beyond, Inc. will post -3.75 earnings per share for the current year.

Beyond Company 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.