Marathon Trading Investment Management LLC Buys New Position in Beyond, Inc. (NYSE:BYON)

Marathon Trading Investment Management LLC purchased a new position in shares of Beyond, Inc. (NYSE:BYON) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 12,000 shares of the company’s stock, valued at approximately $59,000.

Several other hedge funds also recently made changes to their positions in BYON. Kohmann Bosshard Financial Services LLC bought a new position in shares of Beyond in the 4th quarter valued at about $30,000. R Squared Ltd acquired a new position in Beyond during the fourth quarter valued at approximately $32,000. SG Americas Securities LLC bought a new position in Beyond in the fourth quarter valued at approximately $67,000. Sigma Planning Corp acquired a new position in shares of Beyond during the 4th quarter worth approximately $75,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of Beyond during the 3rd quarter worth approximately $80,000. 76.30% of the stock is owned by institutional investors.

Beyond Stock Down 12.0 %

Shares of BYON opened at $5.41 on Tuesday. The firm’s 50-day simple moving average is $7.04 and its 200 day simple moving average is $7.65. 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 firm has a market cap of $287.25 million, a P/E ratio of -0.73 and a beta of 3.91. Beyond, Inc. has a 52 week low of $4.45 and a 52 week high of $37.10.

Beyond (NYSE:BYON) last announced 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). The firm 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%. On average, analysts forecast that Beyond, Inc. will post -3.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Maxim Group decreased 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. Barclays decreased their price objective on shares of Beyond from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Thursday, January 9th. Wedbush reaffirmed an “outperform” rating and issued a $15.00 target price on shares of Beyond in a report on Wednesday, February 5th. Jefferies Financial Group reduced their price target on Beyond from $7.25 to $6.50 and set a “hold” rating for the company in a report on Monday. Finally, Needham & Company LLC downgraded Beyond from a “buy” rating to a “hold” rating and set a $9.00 price target on the stock. in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $9.64.

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.