Beyond, Inc. (NYSE:BYON) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG raised its position in Beyond, Inc. (NYSE:BYON - Free Report) by 1,162.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 480,424 shares of the company's stock after buying an additional 442,380 shares during the quarter. Deutsche Bank AG owned approximately 1.04% of Beyond worth $2,368,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wedbush Securities Inc. grew its holdings in shares of Beyond by 950.1% during the fourth quarter. Wedbush Securities Inc. now owns 132,023 shares of the company's stock worth $651,000 after buying an additional 119,450 shares during the last quarter. Refined Wealth Management lifted its position in 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 acquiring an additional 51,763 shares during the period. Pamplona Capital Management LLC acquired a new stake in Beyond during the 4th quarter worth approximately $1,630,000. Raymond James Financial Inc. purchased a new position in shares of Beyond in the 4th quarter valued at approximately $578,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Beyond in the fourth quarter valued at approximately $39,000. Hedge funds and other institutional investors own 76.30% of the company's stock.

Insider Activity

In related news, Chairman Marcus Lemonis bought 19,193 shares of Beyond stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of $5.03 per share, with a total value of $96,540.79. Following the purchase, the chairman now owns 456,151 shares in the company, valued at $2,294,439.53. This represents a 4.39% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BYON. Wedbush reaffirmed an "outperform" rating and set a $15.00 price target on shares of Beyond in a report on Tuesday, April 22nd. Maxim Group reduced their target price on shares of Beyond from $26.00 to $16.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Needham & Company LLC reiterated a "hold" rating on shares of Beyond in a research note on Wednesday, April 30th. Jefferies Financial Group cut their price target 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. Finally, Barclays lowered their price objective 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 equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $9.14.

Beyond Price Performance

Shares of NYSE BYON traded up $0.70 during midday trading on Tuesday, hitting $6.35. The company had a trading volume of 1,867,518 shares, compared to its average volume of 2,671,577. 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 business has a 50-day simple moving average of $4.68 and a two-hundred day simple moving average of $5.79. Beyond, Inc. has a twelve month low of $3.54 and a twelve month high of $16.50. The firm has a market capitalization of $366.09 million, a price-to-earnings ratio of -0.87 and a beta of 3.23.

Beyond (NYSE:BYON - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The company reported ($0.42) earnings per share for the quarter, topping analysts' consensus estimates of ($0.67) by $0.25. The business had revenue of $231.75 million for the quarter, compared to analysts' expectations of $288.13 million. Beyond had a negative return on equity of 69.32% and a negative net margin of 22.82%. The company's revenue was down 39.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($1.22) EPS. Equities research analysts anticipate 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.