ProShare Advisors LLC Purchases 251,177 Shares of Beyond, Inc. (NYSE:BYON)

ProShare Advisors LLC raised its stake in shares of Beyond, Inc. (NYSE:BYON - Free Report) by 76.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 577,999 shares of the company's stock after purchasing an additional 251,177 shares during the quarter. ProShare Advisors LLC owned 1.26% of Beyond worth $2,850,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Kohmann Bosshard Financial Services LLC acquired a new position in Beyond during the fourth quarter worth $30,000. Canada Pension Plan Investment Board bought a new position in Beyond during the 4th quarter valued at about $32,000. R Squared Ltd bought a new position in Beyond during the 4th quarter valued at about $32,000. Skandinaviska Enskilda Banken AB publ boosted its position in Beyond by 68.4% in 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. Finally, KLP Kapitalforvaltning AS bought a new stake in Beyond during the fourth quarter worth about $39,000. 76.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Beyond news, Chairman Marcus Lemonis bought 19,193 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost of $5.03 per share, with a total value of $96,540.79. Following the completion of the purchase, the chairman now owns 456,151 shares in the company, 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 legal filing with the SEC, which is available at the SEC website. 1.60% of the stock is owned by insiders.

Beyond Trading Down 4.2%

Shares of NYSE:BYON traded down $0.25 during midday trading on Monday, hitting $5.65. The company had a trading volume of 1,849,992 shares, compared to its average volume of 2,673,981. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 0.17. Beyond, Inc. has a 12 month low of $3.54 and a 12 month high of $16.50. The firm has a fifty day simple moving average of $4.67 and a 200 day simple moving average of $5.80. The stock has a market cap of $325.89 million, a price-to-earnings ratio of -0.76 and a beta of 3.23.

Beyond (NYSE:BYON - Get Free Report) last issued 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. The firm had revenue of $231.75 million for the quarter, compared to analysts' expectations of $288.13 million. Beyond had a negative return on equity of 69.32% and a negative net margin of 22.82%. The company's revenue was down 39.4% compared to the same quarter last year. During the same quarter last year, the business earned ($1.22) earnings per share. On average, analysts predict that Beyond, Inc. will post -3.75 EPS for the current year.

Analyst Ratings Changes

BYON has been the subject of a number of research analyst reports. Wedbush reaffirmed an "outperform" rating and issued a $15.00 price target on shares of Beyond in a report on Tuesday, April 22nd. Needham & Company LLC reiterated a "hold" rating on shares of Beyond in a research report on Wednesday, April 30th. Jefferies Financial Group lowered their price target on shares of Beyond from $6.50 to $5.00 and set a "hold" rating for the company in a report on Tuesday, April 29th. Maxim Group dropped their target price on Beyond from $26.00 to $16.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Finally, Barclays decreased their price target 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 equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Beyond has a consensus rating of "Hold" and a consensus price target 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.