Federated Hermes Inc. Has $3.93 Million Stock Position in Beyond, Inc. (NYSE:BYON)

Federated Hermes Inc. trimmed its holdings in Beyond, Inc. (NYSE:BYON - Free Report) by 6.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 678,159 shares of the company's stock after selling 49,999 shares during the period. Federated Hermes Inc. owned 1.18% of Beyond worth $3,933,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Canada Pension Plan Investment Board acquired a new stake in Beyond in the 4th quarter worth approximately $32,000. KLP Kapitalforvaltning AS bought a new position in shares of Beyond in the fourth quarter valued at approximately $39,000. Pingora Partners LLC acquired a new stake in shares of Beyond in the fourth quarter worth $41,000. Platform Technology Partners bought a new stake in shares of Beyond during the 1st quarter worth $59,000. Finally, CWM LLC grew its stake in Beyond by 188.8% in the 1st quarter. CWM LLC now owns 10,745 shares of the company's stock valued at $62,000 after buying an additional 7,025 shares during the last quarter. Institutional investors and hedge funds own 76.30% of the company's stock.

Beyond Stock Down 3.0%

Shares of BYON stock traded down $0.25 during mid-day trading on Friday, reaching $8.01. The stock had a trading volume of 998,192 shares, compared to its average volume of 3,184,872. Beyond, Inc. has a one year low of $3.54 and a one year high of $12.24. The firm has a market cap of $459.57 million, a PE ratio of -1.97 and a beta of 2.76. The firm's 50 day simple moving average is $7.65 and its 200 day simple moving average is $6.47.

Beyond (NYSE:BYON - Get Free Report) last issued its earnings results on Monday, July 28th. The company reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.37) by $0.15. Beyond had a negative return on equity of 78.27% and a negative net margin of 17.86%. The firm had revenue of $282.25 million during the quarter, compared to analysts' expectations of $250.37 million. During the same period last year, the business earned ($0.76) earnings per share. Beyond's quarterly revenue was down 29.1% compared to the same quarter last year. Sell-side analysts forecast that Beyond, Inc. will post -3.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Beyond from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Wedbush increased their target price on Beyond from $10.00 to $13.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Needham & Company LLC reaffirmed a "hold" rating on shares of Beyond in a research report on Tuesday, July 29th. Jefferies Financial Group cut their price target on 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 shares of Beyond from $7.00 to $5.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $8.86.

Beyond Company 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.