Millennium Management LLC Purchases 50,935 Shares of Beyond, Inc. (NYSE:BYON)

Millennium Management LLC grew its position in Beyond, Inc. (NYSE:BYON - Free Report) by 43.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 166,886 shares of the company's stock after acquiring an additional 50,935 shares during the quarter. Millennium Management LLC owned approximately 0.36% of Beyond worth $823,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in BYON. Invesco Ltd. lifted its stake in Beyond by 26.4% in the fourth quarter. Invesco Ltd. now owns 796,445 shares of the company's stock valued at $3,926,000 after buying an additional 166,411 shares during the last quarter. Federated Hermes Inc. lifted its position in Beyond by 390.0% in the 4th quarter. Federated Hermes Inc. now owns 728,158 shares of the company's stock valued at $3,590,000 after purchasing an additional 579,565 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Beyond by 654.5% during the 4th quarter. BNP Paribas Financial Markets now owns 668,415 shares of the company's stock valued at $3,295,000 after purchasing an additional 579,826 shares during the period. JPMorgan Chase & Co. grew its position in Beyond by 63.2% in the 4th quarter. JPMorgan Chase & Co. now owns 636,141 shares of the company's stock worth $3,136,000 after purchasing an additional 246,447 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in shares of Beyond by 1,162.8% in the fourth quarter. Deutsche Bank AG now owns 480,424 shares of the company's stock valued at $2,368,000 after purchasing an additional 442,380 shares during the period. 76.30% of the stock is owned by institutional investors and hedge funds.

Beyond Stock Up 0.8%

Shares of BYON traded up $0.06 during mid-day trading on Tuesday, reaching $6.69. The company's stock had a trading volume of 1,496,823 shares, compared to its average volume of 2,723,233. The company has a market cap of $385.58 million, a price-to-earnings ratio of -0.90 and a beta of 3.29. The business has a fifty day moving average of $4.94 and a 200 day moving average of $5.82. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. Beyond, Inc. has a 1 year low of $3.54 and a 1 year high of $16.50.

Beyond (NYSE:BYON - Get Free Report) last released its earnings results on Monday, April 28th. The company reported ($0.42) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter in the prior year, the firm earned ($1.22) EPS. The company's revenue was down 39.4% compared to the same quarter last year. As a group, analysts forecast that Beyond, Inc. will post -3.75 earnings per share for the current fiscal year.

Insider Activity

In other Beyond news, Chairman Marcus Lemonis bought 19,193 shares of the stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $5.03 per share, with a total value of $96,540.79. Following the completion of the transaction, the chairman now directly owns 456,151 shares of the company's stock, valued at $2,294,439.53. This represents a 4.39% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BYON. Jefferies Financial Group reduced their price objective on Beyond from $6.50 to $5.00 and set a "hold" rating for the company in a research report on Tuesday, April 29th. Maxim Group decreased their price target on Beyond from $26.00 to $16.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Wedbush reissued an "outperform" rating and set a $15.00 price target on shares of Beyond in a report on Tuesday, April 22nd. Needham & Company LLC reissued a "hold" rating on shares of Beyond in a report on Wednesday, April 30th. Finally, Barclays cut their price target on shares of Beyond from $7.00 to $5.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $9.14.

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.