Pingora Partners LLC Invests $41,000 in Beyond, Inc. (NYSE:BYON)

by · The Cerbat Gem

Pingora Partners LLC bought a new stake in shares of Beyond, Inc. (NYSE:BYON – Free Report) in the 4th quarter, HoldingsChannel.com reports. The firm bought 8,300 shares of the company’s stock, valued at approximately $41,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. State Street Corp lifted its stake in Beyond by 0.9% during the third quarter. State Street Corp now owns 1,016,563 shares of the company’s stock valued at $10,247,000 after buying an additional 8,580 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Beyond by 12.8% during the third quarter. Franklin Resources Inc. now owns 21,299 shares of the company’s stock valued at $217,000 after acquiring an additional 2,411 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Beyond by 34.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 389,694 shares of the company’s stock valued at $3,928,000 after acquiring an additional 100,335 shares in the last quarter. O Keefe Stevens Advisory Inc. boosted its stake in Beyond by 53.9% in the 4th quarter. O Keefe Stevens Advisory Inc. now owns 30,009 shares of the company’s stock worth $148,000 after purchasing an additional 10,505 shares during the period. Finally, ARS Investment Partners LLC grew its position in Beyond by 62.2% during the 4th quarter. ARS Investment Partners LLC now owns 106,873 shares of the company’s stock worth $527,000 after purchasing an additional 41,000 shares in the last quarter. Institutional investors and hedge funds own 76.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on BYON. Wedbush restated an “outperform” rating and issued a $15.00 target price on shares of Beyond in a report on Tuesday. Barclays reduced their price objective on Beyond from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Thursday, January 9th. Needham & Company LLC cut Beyond from a “buy” rating to a “hold” rating and set a $9.00 target price on the stock. in a research note on Wednesday, March 5th. Jefferies Financial Group reduced their price target on shares of Beyond from $7.25 to $6.50 and set a “hold” rating for the company in a research report on Monday, March 10th. Finally, Maxim Group dropped their price objective on shares of Beyond from $26.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Two research analysts have rated the stock with a sell rating, four have given 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.

Read Our Latest Analysis on BYON

Insider Activity

In other news, Chairman Marcus Lemonis acquired 19,193 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were bought at an average price of $5.03 per share, with a total value of $96,540.79. Following the acquisition, the chairman now owns 456,151 shares of the company’s stock, valued at $2,294,439.53. This trade represents a 4.39 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is owned by company insiders.

Beyond Price Performance

NYSE BYON opened at $4.21 on Friday. The company has a market cap of $232.20 million, a P/E ratio of -0.57 and a beta of 4.09. Beyond, Inc. has a 1 year low of $3.54 and a 1 year high of $22.65. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 0.17. The company has a fifty day simple moving average of $5.27 and a 200 day simple moving average of $6.33.

Beyond (NYSE:BYON – Get Free Report) last issued its quarterly 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). Beyond had a negative net margin of 22.82% and a negative return on equity of 69.32%. The business had revenue of $303.15 million during the quarter, compared to analyst estimates of $337.96 million. On average, sell-side analysts predict that Beyond, Inc. will post -3.75 EPS for the current year.

Beyond Profile

(Free Report)

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.

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