Pamplona Capital Management LLC Buys Shares of 330,655 Beyond, Inc. (NYSE:BYON)

Pamplona Capital Management LLC acquired a new position in shares of Beyond, Inc. (NYSE:BYON) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 330,655 shares of the company’s stock, valued at approximately $1,630,000. Beyond comprises approximately 0.2% of Pamplona Capital Management LLC’s investment portfolio, making the stock its 5th biggest position. Pamplona Capital Management LLC owned 0.72% of Beyond at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in BYON. Kohmann Bosshard Financial Services LLC acquired a new stake in Beyond in the fourth quarter valued at approximately $30,000. R Squared Ltd purchased a new stake in Beyond in the 4th quarter valued at approximately $32,000. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Beyond by 68.4% in the fourth 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 period. Safe Harbor Fiduciary LLC acquired a new stake in Beyond in the third quarter valued at $80,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Beyond during the 4th quarter valued at $39,000. Hedge funds and other institutional investors own 76.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Jefferies Financial Group dropped their price target on shares of Beyond from $7.25 to $6.50 and set a “hold” rating for the company in a research report on Monday, March 10th. Maxim Group cut their price target on Beyond from $26.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Barclays decreased their price target 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 downgraded shares of Beyond from a “buy” rating to a “hold” rating and set a $9.00 price target on the stock. in a research report on Wednesday, March 5th. Finally, Wedbush restated an “outperform” rating and set a $15.00 price objective on shares of Beyond in a research note on Wednesday, March 19th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $9.64.

Beyond Stock Down 4.9 %

NYSE BYON opened at $5.32 on Friday. The stock has a fifty day moving average of $6.89 and a 200-day moving average of $7.22. 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 stock has a market capitalization of $292.74 million, a P/E ratio of -0.72 and a beta of 3.91. Beyond, Inc. has a 52 week low of $4.45 and a 52 week high of $36.07.

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 the consensus estimate of ($0.74) by ($0.17). Beyond had a negative return on equity of 69.32% and a negative net margin of 22.82%. The business had revenue of $303.15 million during the quarter, compared to the consensus estimate of $337.96 million. On average, equities research analysts forecast that Beyond, Inc. will post -3.75 EPS for the current year.

Insider Activity

In other Beyond news, Chairman Marcus Lemonis bought 19,193 shares of Beyond stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $5.03 per share, for a total transaction of $96,540.79. Following the purchase, the chairman now owns 456,151 shares of the company’s stock, valued at $2,294,439.53. The trade was a 4.39 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.

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.