Swiss National Bank Lowers Stock Position in Beyond, Inc. (NYSE:BYON)

Swiss National Bank trimmed its position in Beyond, Inc. (NYSE:BYON) by 21.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,403 shares of the company’s stock after selling 19,497 shares during the quarter. Swiss National Bank owned about 0.15% of Beyond worth $347,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Beyond in the fourth quarter valued at about $30,000. R Squared Ltd purchased a new position in Beyond in the 4th quarter worth approximately $32,000. Hollencrest Capital Management boosted its stake in Beyond by 185.7% in the 4th quarter. Hollencrest Capital Management now owns 10,000 shares of the company’s stock worth $49,000 after purchasing an additional 6,500 shares during the period. Marathon Trading Investment Management LLC purchased a new stake in Beyond during the 4th quarter valued at approximately $59,000. Finally, SG Americas Securities LLC bought a new stake in shares of Beyond during the fourth quarter valued at approximately $67,000. Institutional investors own 76.30% of the company’s stock.

Beyond Trading Down 4.9 %

BYON opened at $5.32 on Monday. The stock has a fifty day moving average price of $6.89 and a 200-day moving average price of $7.16. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 0.17. Beyond, Inc. has a 12 month low of $4.45 and a 12 month high of $36.07. The firm has a market cap of $292.74 million, a price-to-earnings ratio of -0.72 and a beta of 3.91.

Beyond (NYSE:BYON) last issued its 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 firm had revenue of $303.15 million during the quarter, compared to analysts’ expectations of $337.96 million. Beyond had a negative return on equity of 69.32% and a negative net margin of 22.82%. As a group, equities research analysts anticipate that Beyond, Inc. will post -3.75 earnings per share for the current fiscal year.

Insider Transactions at Beyond

In other news, Chairman Marcus Lemonis bought 19,193 shares of Beyond stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $5.03 per share, with a total value 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 $2,294,439.53. The trade was 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. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

BYON has been the subject of several research analyst reports. Maxim Group cut their target price on shares of Beyond from $26.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Jefferies Financial Group decreased their price target on shares of Beyond from $7.25 to $6.50 and set a “hold” rating on the stock in a research note on Monday, March 10th. Argus lowered shares of Beyond from a “hold” rating to a “sell” rating in a research report on Wednesday, December 18th. Needham & Company LLC cut Beyond from a “buy” rating to a “hold” rating and set a $9.00 target price for the company. in a report on Wednesday, March 5th. Finally, Wedbush reiterated an “outperform” rating and set a $15.00 price target on shares of Beyond in a report on Wednesday, March 19th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $9.64.

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.