Tidal Investments LLC Purchases 1,405,770 Shares of Beyond, Inc. (NYSE:BYON)

Tidal Investments LLC raised its holdings in Beyond, Inc. (NYSE:BYON - Free Report) by 140.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,406,746 shares of the company's stock after buying an additional 1,405,770 shares during the quarter. Tidal Investments LLC owned approximately 5.23% of Beyond worth $11,865,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BYON. Kohmann Bosshard Financial Services LLC purchased a new stake in Beyond in the 4th quarter valued at about $30,000. R Squared Ltd purchased a new stake in Beyond in the 4th quarter valued at about $32,000. Skandinaviska Enskilda Banken AB publ grew its holdings in Beyond by 68.4% in the 4th 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 during the period. Canada Pension Plan Investment Board purchased a new stake in Beyond in the 4th quarter valued at about $32,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Beyond during the 4th quarter worth about $39,000. Hedge funds and other institutional investors own 76.30% of the company's stock.

Insider Activity

In related news, Chairman Marcus Lemonis acquired 19,193 shares of the stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $5.03 per share, with a total value of $96,540.79. Following the acquisition, 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 position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

BYON has been the subject of a number of research reports. Jefferies Financial Group decreased their target price on Beyond from $6.50 to $5.00 and set a "hold" rating for the company in a report on Tuesday, April 29th. Needham & Company LLC reiterated a "hold" rating on shares of Beyond in a report on Wednesday, April 30th. Wedbush reiterated an "outperform" rating and set a $15.00 target price on shares of Beyond in a report on Tuesday, April 22nd. Maxim Group decreased their target price on Beyond from $26.00 to $16.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Finally, Barclays decreased their target price on Beyond from $7.00 to $5.00 and set an "equal weight" rating for the company in a report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $9.14.

Beyond Trading Down 4.2%

Shares of NYSE BYON traded down $0.25 during mid-day trading on Friday, hitting $5.65. 1,849,992 shares of the company traded hands, compared to its average volume of 2,673,981. Beyond, Inc. has a 1 year low of $3.54 and a 1 year high of $16.50. The stock has a market capitalization of $325.89 million, a price-to-earnings ratio of -0.76 and a beta of 3.23. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. The business has a 50 day moving average of $4.67 and a two-hundred day moving average of $5.80.

Beyond (NYSE:BYON - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The company reported ($0.42) earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $231.75 million during the quarter, compared to the consensus estimate of $288.13 million. During the same period in the prior year, the business earned ($1.22) EPS. The business's revenue for the quarter was down 39.4% on a year-over-year basis. On average, sell-side analysts anticipate that Beyond, Inc. will post -3.75 earnings per share for the current fiscal year.

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.