Two Sigma Advisers LP boosted its stake in Beyond, Inc. (NYSE:BYON - Free Report) by 362.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 901,500 shares of the company's stock after buying an additional 706,700 shares during the quarter. Two Sigma Advisers LP owned approximately 1.96% of Beyond worth $4,444,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Two Sigma Investments LP grew its stake in shares of Beyond by 75.1% during the 4th quarter. Two Sigma Investments LP now owns 916,178 shares of the company's stock worth $4,517,000 after acquiring an additional 392,977 shares during the period. Tidal Investments LLC grew its holdings in shares of Beyond by 140.4% during the 4th quarter. Tidal Investments LLC now owns 2,406,746 shares of the company's stock valued at $11,865,000 after purchasing an additional 1,405,770 shares during the last quarter. Sherbrooke Park Advisers LLC bought a new stake in Beyond in the fourth quarter valued at approximately $179,000. Point72 Hong Kong Ltd purchased a new stake in shares of Beyond during the fourth quarter worth about $97,000. Finally, ProShare Advisors LLC boosted its holdings in Beyond by 76.9% in the fourth quarter. ProShare Advisors LLC now owns 577,999 shares of the company's stock valued at $2,850,000 after acquiring an additional 251,177 shares in the last quarter. 76.30% of the stock is owned by hedge funds and other institutional investors.
Beyond Stock Down 1.0%
Shares of NYSE:BYON traded down $0.07 during trading on Friday, reaching $6.55. The stock had a trading volume of 604,772 shares, compared to its average volume of 2,681,217. The firm's 50-day simple moving average is $4.77 and its 200 day simple moving average is $5.80. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 0.17. Beyond, Inc. has a one year low of $3.54 and a one year high of $16.50. The company has a market capitalization of $377.51 million, a P/E ratio of -0.89 and a beta of 3.23.
Beyond (NYSE:BYON - Get Free Report) last announced its earnings results on Monday, April 28th. The company reported ($0.42) earnings per share 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 company had revenue of $231.75 million during the quarter, compared to the consensus estimate of $288.13 million. During the same period last year, the firm earned ($1.22) earnings per share. Beyond's revenue was down 39.4% compared to the same quarter last year. As a group, research analysts expect that Beyond, Inc. will post -3.75 EPS for the current fiscal year.
Insider Transactions at Beyond
In related news, Chairman Marcus Lemonis purchased 19,193 shares of the business's stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of $5.03 per share, for a total transaction of $96,540.79. Following the purchase, the chairman now owns 456,151 shares of the company's stock, valued at $2,294,439.53. This trade represents a 4.39% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.60% of the company's stock.
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. Barclays decreased their price target 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, 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. Wedbush reiterated an "outperform" rating and issued a $15.00 price target on shares of Beyond in a research note on Tuesday, April 22nd. Needham & Company LLC reaffirmed a "hold" rating on shares of Beyond in a research note on Wednesday, April 30th. Finally, Maxim Group dropped their price objective on Beyond from $26.00 to $16.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Beyond has an average rating of "Hold" and an average price target of $9.14.
Read Our Latest Stock Report on BYON
Beyond Profile
(
Free Report)
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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