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

Millennium Management LLC raised its holdings in Beyond, Inc. (NYSE:BYON - Free Report) by 43.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 166,886 shares of the company's stock after acquiring an additional 50,935 shares during the period. Millennium Management LLC owned approximately 0.36% of Beyond worth $823,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Beyond by 9.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 50,805 shares of the company's stock valued at $250,000 after purchasing an additional 4,418 shares during the last quarter. Focus Partners Wealth bought a new stake in shares of Beyond during the 4th quarter worth $71,000. D. E. Shaw & Co. Inc. grew its position in Beyond by 387.7% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 251,346 shares of the company's stock worth $1,239,000 after acquiring an additional 199,807 shares in the last quarter. Deutsche Bank AG grew its position in Beyond by 1,162.8% in the fourth quarter. Deutsche Bank AG now owns 480,424 shares of the company's stock worth $2,368,000 after acquiring an additional 442,380 shares in the last quarter. Finally, Corton Capital Inc. bought a new position in Beyond in the fourth quarter valued at $222,000. Institutional investors own 76.30% of the company's stock.

Analysts Set New Price Targets

BYON has been the topic of a number of research reports. Maxim Group decreased their price objective on Beyond from $26.00 to $16.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Needham & Company LLC reaffirmed a "hold" rating on shares of Beyond in a report on Wednesday, April 30th. Wedbush reissued an "outperform" rating and issued a $15.00 price target on shares of Beyond in a research note on Tuesday, April 22nd. 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 research report on Wednesday, April 30th. Finally, 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 report on Tuesday, April 29th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Beyond presently has an average rating of "Hold" and an average price target of $9.14.

Beyond Stock Down 3.1%

Shares of BYON traded down $0.21 during mid-day trading on Friday, reaching $6.47. The company had a trading volume of 2,791,206 shares, compared to its average volume of 2,726,036. The firm has a 50-day moving average price of $4.90 and a 200 day moving average price of $5.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.91 and a current ratio of 0.97. Beyond, Inc. has a 52 week low of $3.54 and a 52 week high of $16.50. The company has a market capitalization of $373.18 million, a price-to-earnings ratio of -0.88 and a beta of 3.29.

Beyond (NYSE:BYON - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The company reported ($0.42) earnings per share for the quarter, beating the consensus estimate of ($0.67) by $0.25. The business had revenue of $231.75 million for 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 company's revenue for the quarter was down 39.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($1.22) earnings per share. On average, sell-side analysts forecast that Beyond, Inc. will post -3.75 EPS for the current year.

Insider Buying and Selling

In other news, Chairman Marcus Lemonis acquired 19,193 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $5.03 per share, with a total value of $96,540.79. Following the acquisition, the chairman now directly owns 456,151 shares of the company's stock, valued at approximately $2,294,439.53. The trade was a 4.39% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.60% of the stock is currently owned by company insiders.

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.