Beyond, Inc. (NYSE:BYON) Shares Sold by Cedar Wealth Management LLC

Cedar Wealth Management LLC lessened its stake in shares of Beyond, Inc. (NYSE:BYON) by 14.1% in the 4th quarter, Holdings Channel reports. The firm owned 25,612 shares of the company’s stock after selling 4,208 shares during the period. Cedar Wealth Management LLC’s holdings in Beyond were worth $126,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC acquired a new stake in Beyond in the 4th quarter valued at about $30,000. R Squared Ltd acquired a new stake in Beyond in the 4th quarter valued at about $32,000. Skandinaviska Enskilda Banken AB publ raised its holdings in Beyond by 68.4% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 6,592 shares of the company’s stock valued at $32,000 after acquiring an additional 2,678 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Beyond during the 4th quarter worth approximately $39,000. Finally, Hollencrest Capital Management increased its holdings in shares of Beyond by 185.7% during the 4th quarter. Hollencrest Capital Management now owns 10,000 shares of the company’s stock worth $49,000 after buying an additional 6,500 shares during the last quarter. Institutional investors and hedge funds own 76.30% of the company’s stock.

Insider Activity

In related news, Chairman Marcus Lemonis acquired 19,193 shares of the firm’s stock in a transaction that occurred 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 acquisition, the chairman now owns 456,151 shares in the company, valued at approximately $2,294,439.53. This represents a 4.39 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BYON shares. Needham & Company LLC downgraded shares of Beyond from a “buy” rating to a “hold” rating and set a $9.00 price target for the company. in a report on Wednesday, March 5th. Barclays cut their price target on shares of Beyond from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Thursday, January 9th. Argus downgraded shares of Beyond from a “hold” rating to a “sell” rating in a report on Wednesday, December 18th. Maxim Group cut their price target on shares of Beyond from $26.00 to $16.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Finally, Wedbush restated an “outperform” rating and set a $15.00 price target on shares of Beyond in a report on Wednesday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $9.64.

Beyond Price Performance

Shares of NYSE:BYON opened at $5.12 on Friday. The company’s fifty day moving average price is $6.95 and its 200 day moving average price is $7.36. Beyond, Inc. has a 12 month low of $4.45 and a 12 month high of $37.10. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.91. The firm has a market capitalization of $271.84 million, a P/E ratio of -0.69 and a beta of 3.91.

Beyond (NYSE:BYON) last issued its earnings results on Monday, February 24th. The company reported ($0.91) earnings per share for the quarter, missing the consensus estimate of ($0.74) by ($0.17). The firm had revenue of $303.15 million during the quarter, compared to analysts’ expectations of $337.96 million. Beyond had a negative net margin of 22.82% and a negative return on equity of 69.32%. As a group, sell-side analysts predict that Beyond, Inc. will post -3.75 earnings per share for the current fiscal 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.