Oppenheimer & Co. Inc. Makes New Investment in Beyond, Inc. (NYSE:BYON)

Oppenheimer & Co. Inc. purchased a new stake in Beyond, Inc. (NYSE:BYON - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 54,819 shares of the company's stock, valued at approximately $318,000. Oppenheimer & Co. Inc. owned approximately 0.10% of Beyond as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ lifted its stake in Beyond by 68.4% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 6,592 shares of the company's stock valued at $32,000 after buying an additional 2,678 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Beyond during the fourth quarter valued at approximately $32,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Beyond in the 4th quarter valued at approximately $39,000. Pingora Partners LLC acquired a new position in Beyond in the 4th quarter worth approximately $41,000. Finally, Hollencrest Capital Management boosted its stake in Beyond by 185.7% in the 4th quarter. Hollencrest Capital Management now owns 10,000 shares of the company's stock worth $49,000 after purchasing an additional 6,500 shares during the period. Institutional investors and hedge funds own 76.30% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Needham & Company LLC reissued a "hold" rating on shares of Beyond in a research note on Wednesday, April 30th. Jefferies Financial Group dropped their price target on Beyond from $6.50 to $5.00 and set a "hold" rating on the stock in a research report on Tuesday, April 29th. Wedbush upgraded Beyond to a "strong-buy" rating in a research report on Tuesday. Finally, Barclays lowered their target price on 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, four have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Beyond currently has an average rating of "Hold" and an average target price of $9.14.

Beyond Price Performance

NYSE:BYON traded down $0.12 during mid-day trading on Thursday, reaching $7.52. The stock had a trading volume of 1,956,398 shares, compared to its average volume of 2,755,124. The stock has a market cap of $433.47 million, a P/E ratio of -1.61 and a beta of 3.25. The business's 50 day moving average is $5.83 and its 200 day moving average is $5.89. 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 released its quarterly earnings results on Monday, April 28th. The company reported ($0.42) earnings per share for the quarter, beating analysts' consensus estimates of ($0.67) by $0.25. Beyond had a negative net margin of 18.06% and a negative return on equity of 77.61%. The business had revenue of $231.75 million for the quarter, compared to the consensus estimate of $288.13 million. During the same quarter last year, the firm earned ($1.22) EPS. Beyond's revenue for the quarter was down 39.4% on a year-over-year basis. Equities analysts expect that Beyond, Inc. will post -3.75 EPS 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.