Beyond, Inc. (NYSE:BYON) Position Increased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. grew its holdings in shares of Beyond, Inc. (NYSE:BYON - Free Report) by 387.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 251,346 shares of the company's stock after purchasing an additional 199,807 shares during the period. D. E. Shaw & Co. Inc. owned 0.55% of Beyond worth $1,239,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in Beyond in the fourth quarter worth about $67,000. Refined Wealth Management raised its position in shares of Beyond by 14.8% during the 4th quarter. Refined Wealth Management now owns 401,095 shares of the company's stock worth $1,977,000 after purchasing an additional 51,763 shares during the period. R Squared Ltd bought a new stake in shares of Beyond in the 4th quarter worth approximately $32,000. 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 purchasing an additional 4,107 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC boosted its position in Beyond by 29.1% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 93,514 shares of the company's stock valued at $461,000 after purchasing an additional 21,100 shares during the period. 76.30% of the stock is currently owned by institutional investors.

Beyond Stock Performance

Shares of BYON opened at $5.94 on Friday. The firm has a market capitalization of $342.32 million, a PE ratio of -0.80 and a beta of 3.23. 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 firm has a 50-day moving average price of $4.66 and a 200 day moving average price of $5.81. Beyond, Inc. has a 52-week low of $3.54 and a 52-week high of $16.50.

Beyond (NYSE:BYON - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The company reported ($0.42) earnings per share (EPS) for the quarter, beating the consensus estimate 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 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) earnings per share. The business's revenue was down 39.4% on a year-over-year basis. On average, sell-side analysts anticipate that Beyond, Inc. will post -3.75 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Chairman Marcus Lemonis bought 19,193 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of $5.03 per share, for a total transaction of $96,540.79. Following the acquisition, 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 transaction was disclosed in a document filed with the SEC, which is available through this link. 1.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on BYON. Wedbush reaffirmed an "outperform" rating and issued a $15.00 target price on shares of Beyond in a research report on Tuesday, April 22nd. Needham & Company LLC reiterated a "hold" rating on shares of Beyond in a research report on Wednesday, April 30th. Jefferies Financial Group decreased their target price 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 target 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 price target on Beyond from $7.00 to $5.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. 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 company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $9.14.

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.

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