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

ProShare Advisors LLC raised its position in Beyond, Inc. (NYSE:BYON - Free Report) by 76.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 577,999 shares of the company's stock after acquiring an additional 251,177 shares during the period. ProShare Advisors LLC owned about 1.26% of Beyond worth $2,850,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its position in shares of Beyond by 654.5% during the 4th quarter. BNP Paribas Financial Markets now owns 668,415 shares of the company's stock worth $3,295,000 after purchasing an additional 579,826 shares during the last quarter. Federated Hermes Inc. increased its position in shares of Beyond by 390.0% during the 4th quarter. Federated Hermes Inc. now owns 728,158 shares of the company's stock worth $3,590,000 after purchasing an additional 579,565 shares during the last quarter. Deutsche Bank AG increased its position in shares of Beyond by 1,162.8% during the 4th quarter. Deutsche Bank AG now owns 480,424 shares of the company's stock worth $2,368,000 after purchasing an additional 442,380 shares during the last quarter. Pamplona Capital Management LLC acquired a new position in shares of Beyond during the 4th quarter worth approximately $1,630,000. Finally, JPMorgan Chase & Co. increased its position in shares of Beyond by 63.2% during 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. Institutional investors own 76.30% of the company's stock.

Beyond Stock Down 0.7%

BYON stock opened at $6.66 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $384.14 million, a PE ratio of -0.90 and a beta of 3.23. Beyond, Inc. has a 1-year low of $3.54 and a 1-year high of $17.69. The business's 50 day simple moving average is $4.64 and its 200 day simple moving average is $5.81.

Beyond (NYSE:BYON - Get Free Report) last posted its 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. Beyond had a negative return on equity of 69.32% and a negative net margin of 22.82%. The business had revenue of $231.75 million for the quarter, compared to analyst estimates of $288.13 million. During the same period in the previous year, the firm earned ($1.22) EPS. The firm's revenue was down 39.4% compared to the same quarter last year. As a group, research analysts anticipate that Beyond, Inc. will post -3.75 EPS for the current year.

Insider Buying and Selling at Beyond

In other news, Chairman Marcus Lemonis acquired 19,193 shares of the firm's 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 acquisition, the chairman now directly owns 456,151 shares in the company, 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 is accessible through this link. Insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Jefferies Financial Group lowered 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. Needham & Company LLC reaffirmed a "hold" rating on shares of Beyond in a research report on Wednesday, April 30th. Barclays lowered their price target on Beyond from $7.00 to $5.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Wedbush reaffirmed an "outperform" rating and set a $15.00 price target on shares of Beyond in a research report on Tuesday, April 22nd. Finally, Maxim Group decreased their target price on Beyond from $26.00 to $16.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $9.14.

About Beyond

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.

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