Skandinaviska Enskilda Banken AB publ Purchases 2,678 Shares of Beyond, Inc. (NYSE:BYON)

Skandinaviska Enskilda Banken AB publ boosted its position in shares of Beyond, Inc. (NYSE:BYON) by 68.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,592 shares of the company’s stock after acquiring an additional 2,678 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Beyond were worth $32,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in Beyond by 1.0% during the fourth quarter. Bank of New York Mellon Corp now owns 136,405 shares of the company’s stock worth $672,000 after acquiring an additional 1,292 shares in the last quarter. Franklin Resources Inc. raised its position in Beyond by 12.8% during the third quarter. Franklin Resources Inc. now owns 21,299 shares of the company’s stock worth $217,000 after acquiring an additional 2,411 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Beyond by 25.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,127 shares of the company’s stock worth $152,000 after acquiring an additional 3,059 shares in the last quarter. Dupree Financial Group LLC raised its position in Beyond by 4.6% during the fourth quarter. Dupree Financial Group LLC now owns 94,149 shares of the company’s stock worth $464,000 after acquiring an additional 4,107 shares in the last quarter. Finally, AlphaQuest LLC raised its position in Beyond by 26.0% during the fourth quarter. AlphaQuest LLC now owns 22,880 shares of the company’s stock worth $113,000 after acquiring an additional 4,727 shares in the last quarter. 76.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on BYON shares. Barclays dropped 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 report on Thursday, January 9th. Wedbush reissued an “outperform” rating and issued a $15.00 price objective on shares of Beyond in a research report on Wednesday, February 5th. 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 report on Wednesday, February 26th. Argus lowered shares of Beyond from a “hold” rating to a “sell” rating in a research report on Wednesday, December 18th. Finally, Needham & Company LLC lowered shares of Beyond from a “buy” rating to a “hold” rating and set a $9.00 price objective on the stock. in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Beyond has a consensus rating of “Hold” and a consensus target price of $9.64.

Beyond Trading Down 10.3 %

BYON stock opened at $5.08 on Wednesday. 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 company’s 50-day simple moving average is $7.00 and its 200 day simple moving average is $7.44. Beyond, Inc. has a 52 week low of $4.45 and a 52 week high of $37.10. The company has a market capitalization of $269.71 million, a PE ratio of -0.69 and a beta of 3.91.

Beyond (NYSE:BYON) last released its quarterly earnings results on Monday, February 24th. The company reported ($0.91) 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. As a group, sell-side analysts anticipate that Beyond, Inc. will post -3.75 earnings per share for the current year.

Insiders Place Their Bets

In other news, Chairman Marcus Lemonis acquired 19,193 shares of Beyond stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $5.03 per share, for a total transaction of $96,540.79. Following the completion of the purchase, 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 position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Beyond Company 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.