Beyond, Inc. (NYSE:BYON) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN lowered its position in Beyond, Inc. (NYSE:BYON) by 65.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 32,344 shares of the company’s stock after selling 60,585 shares during the quarter. Wells Fargo & Company MN’s holdings in Beyond were worth $159,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BYON. JPMorgan Chase & Co. increased its stake in shares of Beyond by 63.2% during the 4th quarter. JPMorgan Chase & Co. now owns 636,141 shares of the company’s stock worth $3,136,000 after purchasing an additional 246,447 shares in the last quarter. Refined Wealth Management grew its holdings in Beyond by 14.8% during the 4th quarter. Refined Wealth Management now owns 401,095 shares of the company’s stock valued at $1,977,000 after buying an additional 51,763 shares during the last quarter. Pamplona Capital Management LLC purchased a new position in Beyond during the fourth quarter worth $1,630,000. SRN Advisors LLC raised its holdings in shares of Beyond by 164.5% in the fourth quarter. SRN Advisors LLC now owns 320,001 shares of the company’s stock worth $1,578,000 after acquiring an additional 199,000 shares during the last quarter. Finally, LPL Financial LLC lifted its position in shares of Beyond by 4.2% in the fourth quarter. LPL Financial LLC now owns 177,996 shares of the company’s stock valued at $878,000 after acquiring an additional 7,147 shares in the last quarter. 76.30% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Beyond

In other news, Chairman Marcus Lemonis purchased 19,193 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $5.03 per share, with a total value of $96,540.79. Following the acquisition, the chairman now directly owns 456,151 shares of the company’s stock, valued at approximately $2,294,439.53. This represents a 4.39 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on BYON. Maxim Group lowered 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. Wedbush reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of Beyond in a research report on Tuesday, April 22nd. Jefferies Financial Group reduced their target price on Beyond from $6.50 to $5.00 and set a “hold” rating on the stock in a research report on Tuesday, April 29th. Needham & Company LLC restated a “hold” rating on shares of Beyond in a report on Wednesday, April 30th. Finally, Barclays dropped their price objective on shares of Beyond from $7.00 to $5.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $9.14.

Beyond Stock Performance

Shares of NYSE BYON opened at $4.55 on Friday. Beyond, Inc. has a 12 month low of $3.54 and a 12 month high of $22.39. The company has a market cap of $262.44 million, a P/E ratio of -0.62 and a beta of 3.23. The business’s 50 day moving average is $4.57 and its two-hundred day moving average is $5.86. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 0.17.

Beyond (NYSE:BYON) last issued its earnings results on Monday, April 28th. The company reported ($0.42) EPS for the quarter, topping the consensus estimate of ($0.67) by $0.25. Beyond had a negative return on equity of 69.32% and a negative net margin of 22.82%. The firm had revenue of $231.75 million during the quarter, compared to analysts’ expectations of $288.13 million. During the same period last year, the business earned ($1.22) earnings per share. Beyond’s quarterly revenue was down 39.4% compared to the same quarter last year. On average, equities analysts expect that Beyond, Inc. will post -3.75 EPS for the current 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.