Beyond, Inc. (NYSE:BYON) Shares Purchased by Two Sigma Advisers LP

Two Sigma Advisers LP lifted its holdings in shares of Beyond, Inc. (NYSE:BYON - Free Report) by 362.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 901,500 shares of the company's stock after buying an additional 706,700 shares during the period. Two Sigma Advisers LP owned approximately 1.96% of Beyond worth $4,444,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Tidal Investments LLC increased its holdings in Beyond by 140.4% in the 4th quarter. Tidal Investments LLC now owns 2,406,746 shares of the company's stock worth $11,865,000 after acquiring an additional 1,405,770 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Beyond by 654.5% during the 4th quarter. BNP Paribas Financial Markets now owns 668,415 shares of the company's stock valued at $3,295,000 after buying an additional 579,826 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of Beyond by 390.0% in the fourth quarter. Federated Hermes Inc. now owns 728,158 shares of the company's stock valued at $3,590,000 after purchasing an additional 579,565 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of Beyond by 1,162.8% in the fourth quarter. Deutsche Bank AG now owns 480,424 shares of the company's stock valued at $2,368,000 after purchasing an additional 442,380 shares in the last quarter. Finally, Two Sigma Investments LP grew its holdings in shares of Beyond by 75.1% in the fourth quarter. Two Sigma Investments LP now owns 916,178 shares of the company's stock valued at $4,517,000 after purchasing an additional 392,977 shares in the last quarter. Institutional investors own 76.30% of the company's stock.

Beyond Stock Performance

NYSE BYON traded up $0.07 during trading hours on Wednesday, reaching $6.67. The stock had a trading volume of 2,923,095 shares, compared to its average volume of 2,677,946. The stock has a fifty day moving average of $4.71 and a 200 day moving average of $5.80. The stock has a market cap of $384.72 million, a P/E ratio of -0.90 and a beta of 3.23. Beyond, Inc. has a 52-week low of $3.54 and a 52-week high of $16.50. 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 (NYSE:BYON - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The company reported ($0.42) EPS 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 for the quarter, compared to analyst estimates of $288.13 million. During the same quarter in the prior year, the firm posted ($1.22) EPS. The business's quarterly revenue was down 39.4% compared to the same quarter last year. Sell-side analysts predict that Beyond, Inc. will post -3.75 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on BYON. Needham & Company LLC reaffirmed a "hold" rating on shares of Beyond in a research note on Wednesday, April 30th. Jefferies Financial Group reduced their target price on shares of Beyond from $6.50 to $5.00 and set a "hold" rating for the company in a report on Tuesday, April 29th. Barclays reduced their target price on shares of Beyond from $7.00 to $5.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Maxim Group dropped 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. Finally, Wedbush reiterated an "outperform" rating and set a $15.00 price target on shares of Beyond in a research note on Tuesday, April 22nd. Two research 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's stock. According to data from MarketBeat, Beyond has an average rating of "Hold" and an average price target of $9.14.

Insider Transactions at Beyond

In other Beyond news, Chairman Marcus Lemonis bought 19,193 shares of Beyond stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $5.03 per share, with a total value of $96,540.79. Following the purchase, the chairman now directly owns 456,151 shares in the company, valued at $2,294,439.53. This represents a 4.39% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.60% of the company's stock.

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.