Two Sigma Investments LP Has $4.52 Million Stake in Beyond, Inc. (NYSE:BYON)

Two Sigma Investments LP grew its holdings in Beyond, Inc. (NYSE:BYON - Free Report) by 75.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 916,178 shares of the company's stock after acquiring an additional 392,977 shares during the period. Two Sigma Investments LP owned about 1.99% of Beyond worth $4,517,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Kohmann Bosshard Financial Services LLC purchased a new stake in Beyond during the 4th quarter worth $30,000. Canada Pension Plan Investment Board purchased a new stake in Beyond during the 4th quarter worth $32,000. R Squared Ltd purchased a new stake in Beyond during the 4th quarter worth $32,000. Skandinaviska Enskilda Banken AB publ increased its stake in Beyond by 68.4% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 6,592 shares of the company's stock worth $32,000 after buying an additional 2,678 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Beyond in the 4th quarter worth about $39,000. Hedge funds and other institutional investors own 76.30% of the company's stock.

Insider Transactions at Beyond

In other news, Chairman Marcus Lemonis bought 19,193 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average price of $5.03 per share, for a total transaction 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. This trade represents a 4.39% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.60% of the stock is owned by insiders.

Beyond Stock Performance

Shares of NYSE BYON traded down $0.13 during trading hours on Friday, hitting $6.48. 2,363,931 shares of the stock were exchanged, compared to its average volume of 2,699,132. 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 company's 50 day moving average is $4.80 and its 200 day moving average is $5.80. The firm has a market capitalization of $373.76 million, a P/E ratio of -0.88 and a beta of 3.23. Beyond, Inc. has a one year low of $3.54 and a one year high of $16.50.

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 analysts' consensus estimates of ($0.67) by $0.25. The company had revenue of $231.75 million during the quarter, compared to the consensus estimate of $288.13 million. Beyond had a negative net margin of 22.82% and a negative return on equity of 69.32%. The firm's revenue for the quarter was down 39.4% compared to the same quarter last year. During the same period last year, the firm earned ($1.22) EPS. On average, research analysts expect that Beyond, Inc. will post -3.75 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BYON shares. Maxim Group dropped their target price on shares of Beyond from $26.00 to $16.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Wedbush reaffirmed an "outperform" rating and set a $15.00 price objective on shares of Beyond in a research report on Tuesday, April 22nd. Needham & Company LLC reaffirmed a "hold" rating on shares of Beyond in a research report 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 research note on Tuesday, April 29th. Finally, Barclays cut their target price on Beyond from $7.00 to $5.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 30th. Two equities 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 company's stock. According to MarketBeat, Beyond has an average rating of "Hold" and a consensus price target 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.