Federated Hermes Inc. boosted its stake in shares of Beyond, Inc. (NYSE:BYON - Free Report) by 390.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 728,158 shares of the company's stock after buying an additional 579,565 shares during the period. Federated Hermes Inc. owned about 1.58% of Beyond worth $3,590,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC purchased a new stake in Beyond in the 4th quarter worth about $30,000. R Squared Ltd acquired a new stake in shares of Beyond during the fourth quarter worth approximately $32,000. Skandinaviska Enskilda Banken AB publ grew its position 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 purchasing an additional 2,678 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Beyond in the 4th quarter worth approximately $39,000. Finally, Hollencrest Capital Management boosted its stake in shares of Beyond by 185.7% during the 4th quarter. Hollencrest Capital Management now owns 10,000 shares of the company's stock valued at $49,000 after buying an additional 6,500 shares during the period. 76.30% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the company. Wedbush reissued an "outperform" rating and set a $15.00 price objective on shares of Beyond in a research report on Wednesday, March 19th. Barclays dropped their price objective on Beyond from $8.00 to $7.00 and set an "equal weight" rating on the stock in a report on Thursday, January 9th. Needham & Company LLC lowered shares of Beyond from a "buy" rating to a "hold" rating and set a $9.00 price target on the stock. in a research note on Wednesday, March 5th. Maxim Group reduced their price objective on shares of Beyond from $26.00 to $16.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Finally, Jefferies Financial Group lowered their target price on shares of Beyond from $7.25 to $6.50 and set a "hold" rating on the stock in a research report on Monday, March 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $9.64.
View Our Latest Research Report on BYON
Beyond Stock Performance
Shares of NYSE:BYON traded up $0.42 during midday trading on Friday, hitting $4.11. The company's stock had a trading volume of 3,690,259 shares, compared to its average volume of 2,634,800. Beyond, Inc. has a fifty-two week low of $3.54 and a fifty-two week high of $24.25. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.91 and a current ratio of 0.97. The stock has a market capitalization of $227.07 million, a price-to-earnings ratio of -0.56 and a beta of 4.09. The stock's 50 day simple moving average is $5.74 and its 200 day simple moving average is $6.53.
Beyond (NYSE:BYON - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The company reported ($0.91) earnings per share for the quarter, missing analysts' consensus estimates of ($0.74) by ($0.17). Beyond had a negative return on equity of 69.32% and a negative net margin of 22.82%. The business had revenue of $303.15 million for the quarter, compared to analyst estimates of $337.96 million. As a group, research analysts anticipate that Beyond, Inc. will post -3.75 earnings per share for the current year.
Insider Activity
In other Beyond news, Chairman Marcus Lemonis purchased 19,193 shares of the stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $5.03 per share, for a total transaction of $96,540.79. Following the purchase, the chairman now owns 456,151 shares of the company's stock, valued at approximately $2,294,439.53. This represents a 4.39 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by company insiders.
About Beyond
(
Free Report)
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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