Beyond, Inc. (NYSE:BYON) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. reduced its stake in shares of Beyond, Inc. (NYSE:BYON) by 47.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,232 shares of the company’s stock after selling 114,463 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.28% of Beyond worth $637,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BYON. OneDigital Investment Advisors LLC acquired a new stake in Beyond during the 3rd quarter worth $116,000. Quest Partners LLC grew its position in Beyond by 183.1% during the 3rd quarter. Quest Partners LLC now owns 18,153 shares of the company’s stock worth $183,000 after purchasing an additional 11,740 shares during the last quarter. Intech Investment Management LLC purchased a new position in Beyond during the 3rd quarter worth $154,000. Nwam LLC purchased a new position in Beyond during the 3rd quarter worth $121,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Beyond during the 3rd quarter worth $378,000. 76.30% of the stock is currently owned by institutional investors and hedge funds.

Beyond Stock Up 1.9 %

Shares of NYSE:BYON opened at $5.12 on Friday. The company has a market cap of $271.84 million, a price-to-earnings ratio of -0.69 and a beta of 3.91. Beyond, Inc. has a fifty-two week low of $4.45 and a fifty-two week high of $37.10. The firm’s 50-day simple moving average is $6.95 and its 200-day simple moving average is $7.37. 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 released its quarterly earnings data on Monday, February 24th. The company reported ($0.91) EPS for the quarter, missing analysts’ consensus estimates of ($0.74) by ($0.17). The company had revenue of $303.15 million for the quarter, compared to analysts’ expectations of $337.96 million. Beyond had a negative return on equity of 69.32% and a negative net margin of 22.82%. As a group, equities research analysts predict that Beyond, Inc. will post -3.75 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on BYON. Jefferies Financial Group lowered their price objective on shares of Beyond from $7.25 to $6.50 and set a “hold” rating on the stock in a research report on Monday, March 10th. Wedbush reissued an “outperform” rating and set a $15.00 price objective on shares of Beyond in a research report on Wednesday. Maxim Group lowered 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. Barclays lowered 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. Finally, Needham & Company LLC downgraded shares of Beyond from a “buy” rating to a “hold” rating and set a $9.00 target price on the stock. in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Beyond has an average rating of “Hold” and a consensus target price of $9.64.

Insider Buying and Selling

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. 1.20% of the stock is owned by insiders.

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.