Federated Hermes Inc. Sells 49,999 Shares of Beyond, Inc. (NYSE:BYON)

Federated Hermes Inc. lessened its stake in shares of Beyond, Inc. (NYSE:BYON - Free Report) by 6.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 678,159 shares of the company's stock after selling 49,999 shares during the quarter. Federated Hermes Inc. owned about 1.18% of Beyond worth $3,933,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Canada Pension Plan Investment Board purchased a new stake in Beyond during the fourth quarter valued at approximately $32,000. KLP Kapitalforvaltning AS bought a new stake in shares of Beyond during the 4th quarter valued at $39,000. Pingora Partners LLC purchased a new stake in shares of Beyond in the 4th quarter worth $41,000. Platform Technology Partners purchased a new position in Beyond during the first quarter valued at $59,000. Finally, CWM LLC lifted its position in Beyond by 188.8% during the first quarter. CWM LLC now owns 10,745 shares of the company's stock valued at $62,000 after purchasing an additional 7,025 shares in the last quarter. Hedge funds and other institutional investors own 76.30% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on BYON. Jefferies Financial Group decreased their price objective on Beyond from $6.50 to $5.00 and set a "hold" rating on the stock in a research note on Tuesday, April 29th. Wedbush raised their target price on shares of Beyond from $10.00 to $13.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Wall Street Zen raised shares of Beyond from a "sell" rating to a "hold" rating in a report on Saturday. Needham & Company LLC reissued a "hold" rating on shares of Beyond in a research note on Tuesday, July 29th. Finally, Barclays lowered their target price 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 equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Beyond currently has a consensus rating of "Hold" and an average price target of $8.86.

Beyond Trading Down 3.1%

Shares of NYSE:BYON traded down $0.27 during midday trading on Wednesday, reaching $8.40. 1,740,501 shares of the company were exchanged, compared to its average volume of 3,210,359. The stock has a market cap of $481.96 million, a PE ratio of -2.06 and a beta of 2.76. The business's fifty day moving average is $7.61 and its two-hundred day moving average is $6.45. Beyond, Inc. has a one year low of $3.54 and a one year high of $12.24.

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

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.