Oppenheimer & Co. Inc. Takes $318,000 Position in Beyond, Inc. (NYSE:BYON)

Oppenheimer & Co. Inc. purchased a new stake in Beyond, Inc. (NYSE:BYON - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 54,819 shares of the company's stock, valued at approximately $318,000. Oppenheimer & Co. Inc. owned approximately 0.10% of Beyond at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. PFG Investments LLC acquired a new stake in shares of Beyond in the first quarter valued at approximately $464,000. Wedbush Securities Inc. raised its holdings in shares of Beyond by 950.1% in the fourth quarter. Wedbush Securities Inc. now owns 132,023 shares of the company's stock valued at $651,000 after purchasing an additional 119,450 shares during the last quarter. Two Sigma Investments LP raised its holdings in shares of Beyond by 75.1% in the fourth quarter. Two Sigma Investments LP now owns 916,178 shares of the company's stock valued at $4,517,000 after purchasing an additional 392,977 shares during the last quarter. Pamplona Capital Management LLC acquired a new stake in shares of Beyond in the fourth quarter valued at approximately $1,630,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Beyond in the fourth quarter valued at approximately $578,000. 76.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BYON has been the topic of several analyst reports. Needham & Company LLC reiterated a "hold" rating on shares of Beyond in a report on Wednesday, April 30th. Jefferies Financial Group dropped their target price on Beyond from $6.50 to $5.00 and set a "hold" rating on the stock in a report on Tuesday, April 29th. Wedbush upgraded Beyond to a "strong-buy" rating in a report on Tuesday, July 1st. Finally, Barclays dropped their target price 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 analysts have rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $9.14.

Beyond Price Performance

NYSE BYON traded down $0.12 during trading on Friday, reaching $7.52. 1,956,398 shares of the company's stock were exchanged, compared to its average volume of 2,768,159. The business has a 50 day moving average price of $5.96 and a 200-day moving average price of $5.93. The stock has a market capitalization of $433.46 million, a P/E ratio of -1.61 and a beta of 3.25. Beyond, Inc. has a fifty-two week low of $3.54 and a fifty-two week high of $15.44.

Beyond (NYSE:BYON - Get Free Report) last announced 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 firm had revenue of $231.75 million for the quarter, compared to the consensus estimate of $288.13 million. Beyond had a negative return on equity of 77.61% and a negative net margin of 18.06%. The business's revenue was down 39.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($1.22) earnings per share. On average, analysts forecast 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.