Canada Pension Plan Investment Board Invests $32,000 in Beyond, Inc. (NYSE:BYON)

Canada Pension Plan Investment Board acquired a new stake in Beyond, Inc. (NYSE:BYON) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 6,400 shares of the company’s stock, valued at approximately $32,000.

A number of other large investors also recently bought and sold shares of BYON. Bank of New York Mellon Corp raised its stake in shares of Beyond by 1.0% in the 4th quarter. Bank of New York Mellon Corp now owns 136,405 shares of the company’s stock valued at $672,000 after acquiring an additional 1,292 shares during the period. Franklin Resources Inc. boosted its position in shares of Beyond by 12.8% during the 3rd quarter. Franklin Resources Inc. now owns 21,299 shares of the company’s stock worth $217,000 after purchasing an additional 2,411 shares during the period. Skandinaviska Enskilda Banken AB publ increased 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 purchasing an additional 2,678 shares during the last quarter. Dupree Financial Group LLC raised its position in Beyond by 4.6% in the fourth quarter. Dupree Financial Group LLC now owns 94,149 shares of the company’s stock valued at $464,000 after purchasing an additional 4,107 shares during the period. Finally, AlphaQuest LLC lifted its stake 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 purchasing an additional 4,727 shares in the last quarter. Institutional investors and hedge funds own 76.30% of the company’s stock.

Insider Activity at Beyond

In related news, Chairman Marcus Lemonis acquired 19,193 shares of Beyond stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of $5.03 per share, for a total transaction of $96,540.79. Following the transaction, the chairman now owns 456,151 shares of the company’s stock, valued at $2,294,439.53. This 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 can be accessed through this link. 1.60% of the stock is currently owned by corporate insiders.

Beyond Trading Down 2.6 %

Shares of NYSE:BYON opened at $4.10 on Monday. The company has a market cap of $226.41 million, a PE ratio of -0.55 and a beta of 4.09. The company’s 50 day moving average is $5.17 and its two-hundred day moving average is $6.24. Beyond, Inc. has a 52 week low of $3.54 and a 52 week 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.

Beyond (NYSE:BYON) last announced its quarterly earnings results on Monday, February 24th. The company reported ($0.91) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.74) by ($0.17). The business 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%. Equities analysts predict that Beyond, Inc. will post -3.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BYON shares. Barclays dropped 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 lowered shares of Beyond from a “buy” rating to a “hold” rating and set a $9.00 price target on the stock. in a research note on Wednesday, March 5th. Jefferies Financial Group cut their target price on shares of Beyond from $7.25 to $6.50 and set a “hold” rating on the stock in a research note on Monday, March 10th. Wedbush reiterated an “outperform” rating and set a $15.00 target price on shares of Beyond in a report on Tuesday, April 22nd. Finally, Maxim Group dropped their price target 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. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $9.64.

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.