BNP Paribas Financial Markets Raises Stock Position in Beyond, Inc. (NYSE:BYON)

BNP Paribas Financial Markets raised its stake in shares of Beyond, Inc. (NYSE:BYON - Free Report) by 654.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 668,415 shares of the company's stock after buying an additional 579,826 shares during the quarter. BNP Paribas Financial Markets owned about 1.45% of Beyond worth $3,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northern Trust Corp grew its stake in Beyond by 5.6% during the fourth quarter. Northern Trust Corp now owns 419,450 shares of the company's stock valued at $2,068,000 after acquiring an additional 22,276 shares in the last quarter. Pingora Partners LLC bought a new stake in shares of Beyond in the fourth quarter worth about $41,000. Nebula Research & Development LLC purchased a new stake in shares of Beyond in the fourth quarter worth about $132,000. Price T Rowe Associates Inc. MD boosted its stake in Beyond by 61.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 42,227 shares of the company's stock valued at $209,000 after buying an additional 16,043 shares during the last quarter. Finally, Dark Forest Capital Management LP bought a new position in Beyond during the fourth quarter valued at approximately $115,000. Institutional investors own 76.30% of the company's stock.

Analyst Ratings Changes

Several analysts have recently issued reports on BYON shares. Barclays decreased their price objective on Beyond from $7.00 to $5.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Jefferies Financial Group lowered their price objective on shares of Beyond from $6.50 to $5.00 and set a "hold" rating for the company in a research report on Tuesday, April 29th. Maxim Group dropped their price objective 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. Wedbush restated an "outperform" rating and set a $15.00 target price on shares of Beyond in a research report on Tuesday, April 22nd. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Beyond in a report on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Beyond has a consensus rating of "Hold" and an average price target of $9.14.

Insider Transactions at Beyond

In other Beyond news, Chairman Marcus Lemonis acquired 19,193 shares of the business's stock in a transaction on Thursday, March 13th. The shares were bought at an average price of $5.03 per share, with a total value of $96,540.79. Following the transaction, the chairman now directly 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 document filed with the SEC, which is available at this link. Company insiders own 1.60% of the company's stock.

Beyond Trading Down 0.1%

Shares of Beyond stock traded down $0.01 during trading on Monday, hitting $6.71. The stock had a trading volume of 2,446,819 shares, compared to its average volume of 2,655,203. Beyond, Inc. has a 12 month low of $3.54 and a 12 month high of $18.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.91. The firm's fifty day simple moving average is $4.58 and its 200-day simple moving average is $5.80. The stock has a market cap of $387.03 million, a PE ratio of -0.91 and a beta of 3.23.

Beyond (NYSE:BYON - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The company reported ($0.42) earnings per share for the quarter, topping analysts' consensus estimates of ($0.67) by $0.25. Beyond had a negative net margin of 22.82% and a negative return on equity of 69.32%. The company had revenue of $231.75 million for the quarter, compared to analyst estimates of $288.13 million. During the same period in the prior year, the company posted ($1.22) EPS. The firm's revenue for the quarter was down 39.4% on a year-over-year basis. As a group, sell-side 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.