Invesco Ltd. Has $3.93 Million Stock Position in Beyond, Inc. (NYSE:BYON)

Invesco Ltd. increased its stake in Beyond, Inc. (NYSE:BYON - Free Report) by 26.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 796,445 shares of the company's stock after purchasing an additional 166,411 shares during the period. Invesco Ltd. owned approximately 1.73% of Beyond worth $3,926,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of BYON. Franklin Resources Inc. increased its stake in Beyond by 12.8% in the 3rd quarter. Franklin Resources Inc. now owns 21,299 shares of the company's stock valued at $217,000 after buying an additional 2,411 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Beyond by 34.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 389,694 shares of the company's stock valued at $3,928,000 after acquiring an additional 100,335 shares in the last quarter. O Keefe Stevens Advisory Inc. increased its position in shares of Beyond by 53.9% in the fourth quarter. O Keefe Stevens Advisory Inc. now owns 30,009 shares of the company's stock valued at $148,000 after acquiring an additional 10,505 shares during the last quarter. ARS Investment Partners LLC raised its holdings in Beyond by 62.2% during the fourth quarter. ARS Investment Partners LLC now owns 106,873 shares of the company's stock worth $527,000 after acquiring an additional 41,000 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Beyond during the fourth quarter valued at approximately $67,000. Institutional investors and hedge funds own 76.30% of the company's stock.

Analyst Ratings Changes

BYON has been the topic of several recent analyst reports. Jefferies Financial Group dropped their price objective on Beyond from $6.50 to $5.00 and set a "hold" rating on the stock in a research note on Tuesday. Needham & Company LLC reaffirmed a "hold" rating on shares of Beyond in a research report on Wednesday. Wedbush reissued an "outperform" rating and issued a $15.00 price objective on shares of Beyond in a research report on Tuesday, April 22nd. 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 note on Wednesday, February 26th. Finally, Barclays cut their target price on shares of Beyond from $7.00 to $5.00 and set an "equal weight" rating for the company in a research note on Wednesday. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $9.14.

Beyond Stock Performance

BYON traded up $0.11 on Friday, reaching $3.93. The company had a trading volume of 799,016 shares, compared to its average volume of 2,665,747. The stock has a market cap of $216.74 million, a P/E ratio of -0.53 and a beta of 4.09. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.91 and a current ratio of 0.97. Beyond, Inc. has a fifty-two week low of $3.54 and a fifty-two week high of $22.65. The company's fifty day moving average is $4.86 and its 200 day moving average is $6.12.

Beyond (NYSE:BYON - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The company reported ($0.42) earnings per share for the quarter, topping the consensus estimate of ($0.67) by $0.25. Beyond had a negative return on equity of 69.32% and a negative net margin of 22.82%. The business had revenue of $231.75 million during the quarter, compared to analysts' expectations of $288.13 million. During the same period last year, the firm posted ($1.22) EPS. The firm's revenue for the quarter was down 39.4% compared to the same quarter last year. As a group, analysts predict that Beyond, Inc. will post -3.75 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Chairman Marcus Lemonis acquired 19,193 shares of the company's stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost of $5.03 per share, with a total value of $96,540.79. Following the acquisition, the chairman now directly owns 456,151 shares of the company's stock, valued at approximately $2,294,439.53. The trade was a 4.39 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Beyond 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.