Kohmann Bosshard Financial Services LLC Makes New $30,000 Investment in Beyond, Inc. (NYSE:BYON)

Kohmann Bosshard Financial Services LLC bought a new stake in Beyond, Inc. (NYSE:BYON) during the fourth quarter, Holdings Channel.com reports. The firm bought 6,000 shares of the company’s stock, valued at approximately $30,000.

Several other large investors have also modified their holdings of the business. Bank of New York Mellon Corp raised its holdings in 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 buying an additional 1,292 shares during the period. Franklin Resources Inc. increased its position 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Beyond by 25.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,127 shares of the company’s stock valued at $152,000 after acquiring an additional 3,059 shares during the period. Dupree Financial Group LLC lifted its holdings in shares of Beyond by 4.6% in the 4th 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 during the last quarter. Finally, Private Trust Co. NA boosted its position in shares of Beyond by 66.7% during the 3rd quarter. Private Trust Co. NA now owns 12,500 shares of the company’s stock worth $126,000 after purchasing an additional 5,000 shares during the period. Institutional investors and hedge funds own 76.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BYON. Argus cut shares of Beyond from a “hold” rating to a “sell” rating in a research report on Wednesday, December 18th. Maxim Group lowered their price objective on shares of Beyond from $26.00 to $16.00 and set a “buy” rating for the company 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 for the company in a research report on Thursday, January 9th. Finally, Wedbush reaffirmed an “outperform” rating and set a $15.00 price objective on shares of Beyond in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Beyond has an average rating of “Hold” and an average target price of $10.86.

Beyond Price Performance

Beyond stock opened at $6.00 on Tuesday. The firm has a market cap of $318.87 million, a PE ratio of -0.81 and a beta of 3.81. Beyond, Inc. has a 52-week low of $4.45 and a 52-week high of $37.10. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. The company’s 50 day moving average is $6.94 and its two-hundred day moving average is $7.82.

Beyond (NYSE:BYON) last released its 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 analyst estimates of $337.96 million. Beyond had a negative return on equity of 69.32% and a negative net margin of 22.82%. On average, research analysts expect that Beyond, Inc. will post -3.75 EPS for the current fiscal year.

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.