Jump Financial LLC Acquires Shares of 365,135 Beyond, Inc. $BYON

Key Points

• Jump Financial LLC acquired a new stake in Beyond, Inc. by purchasing 365,135 shares valued at approximately $2,118,000, totaling around 0.63% of the company.
• Beyond's quarterly earnings showed a loss of ($0.22) EPS, surpassing the expected loss of ($0.37), while revenues were down 29.1% year-over-year.
• Noteworthy analysts' ratings include Barclays lowering its price target to $5.00, while Wedbush raised it to $13.00, reflecting mixed sentiments towards Beyond's stock performance.

Jump Financial LLC acquired a new stake in Beyond, Inc. (NYSE:BYON - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 365,135 shares of the company's stock, valued at approximately $2,118,000. Jump Financial LLC owned about 0.63% of Beyond at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Tidal Investments LLC increased its holdings in Beyond by 140.4% in the fourth quarter. Tidal Investments LLC now owns 2,406,746 shares of the company's stock valued at $11,865,000 after buying an additional 1,405,770 shares during the last quarter. Two Sigma Investments LP increased its holdings in shares of Beyond by 75.1% in the 4th quarter. Two Sigma Investments LP now owns 916,178 shares of the company's stock valued at $4,517,000 after acquiring an additional 392,977 shares during the last quarter. Two Sigma Advisers LP increased its holdings in shares of Beyond by 362.8% in the 4th quarter. Two Sigma Advisers LP now owns 901,500 shares of the company's stock valued at $4,444,000 after acquiring an additional 706,700 shares during the last quarter. Able Wealth Management LLC purchased a new stake in Beyond during the first quarter worth approximately $3,913,000. Finally, BNP Paribas Financial Markets lifted its stake in Beyond by 654.5% during the fourth quarter. BNP Paribas Financial Markets now owns 668,415 shares of the company's stock worth $3,295,000 after purchasing an additional 579,826 shares during the last quarter. 76.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on BYON shares. Needham & Company LLC restated a "hold" rating on shares of Beyond in a research report on Tuesday, July 29th. Wall Street Zen raised shares of Beyond from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Wedbush boosted their price target on shares of Beyond from $10.00 to $13.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $8.86.

Beyond Trading Down 4.6%

Shares of NYSE BYON traded down $0.43 during midday trading on Monday, reaching $9.01. 1,880,416 shares of the company were exchanged, compared to its average volume of 2,587,103. The stock has a fifty day simple moving average of $8.54 and a 200 day simple moving average of $6.58. The stock has a market cap of $517.23 million, a P/E ratio of -2.21 and a beta of 2.76. Beyond, Inc. has a 1 year low of $3.54 and a 1 year high of $12.24.

Beyond (NYSE:BYON - Get Free Report) last announced its earnings results on Monday, July 28th. The company reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.37) by $0.15. Beyond had a negative return on equity of 78.27% and a negative net margin of 17.86%.The company had revenue of $282.25 million for the quarter, compared to the consensus estimate of $250.37 million. During the same period last year, the business posted ($0.76) EPS. The company's revenue was down 29.1% on a year-over-year basis. As a group, analysts forecast that Beyond, Inc. will post -3.75 earnings per share for the current year.

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.