Royce & Associates LP Has $4 Million Holdings in Beyond, Inc. (NYSE:BYON)

Royce & Associates LP lessened its stake in Beyond, Inc. (NYSE:BYON) by 4.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 810,605 shares of the company’s stock after selling 35,372 shares during the quarter. Royce & Associates LP owned about 1.76% of Beyond worth $3,996,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. grew its position 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 buying an additional 100,335 shares during the period. Franklin Resources Inc. grew its position 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 buying an additional 2,411 shares during the period. Refined Wealth Management grew its position 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 buying an additional 51,763 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position 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 buying an additional 12,794 shares during the period. Finally, OneDigital Investment Advisors LLC acquired a new stake in shares of Beyond during the 3rd quarter worth approximately $116,000. Institutional investors and hedge funds own 76.30% of the company’s stock.

Beyond Stock Performance

Shares of BYON opened at $5.08 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.91 and a current ratio of 0.97. Beyond, Inc. has a twelve month low of $4.45 and a twelve month high of $37.10. The firm’s 50 day moving average price is $6.99 and its two-hundred day moving average price is $7.42. The firm has a market cap of $269.71 million, a P/E ratio of -0.69 and a beta of 3.91.

Beyond (NYSE:BYON) last announced its quarterly 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 company had revenue of $303.15 million during the quarter, compared to the consensus estimate of $337.96 million. On average, analysts forecast that Beyond, Inc. will post -3.75 EPS for the current fiscal year.

Insider Buying and Selling at Beyond

In related news, Chairman Marcus Lemonis purchased 19,193 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were purchased at an average price of $5.03 per share, with a total value of $96,540.79. Following the completion of the purchase, the chairman now owns 456,151 shares in the company, valued at $2,294,439.53. This represents a 4.39 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

BYON has been the subject of several analyst reports. Maxim Group lowered their price target on shares of Beyond from $26.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Jefferies Financial Group reduced their price objective 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. Wedbush reissued an “outperform” rating and set a $15.00 price objective on shares of Beyond in a research note on Wednesday. Argus lowered shares of Beyond from a “hold” rating to a “sell” rating in a research note on Wednesday, December 18th. Finally, Barclays reduced their price objective on shares of Beyond from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 9th. Two equities research 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price 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.