Beyond, Inc. (NYSE:BYON) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. lifted its position in shares of Beyond, Inc. (NYSE:BYON) by 390.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 728,158 shares of the company’s stock after purchasing an additional 579,565 shares during the quarter. Federated Hermes Inc. owned 1.58% of Beyond worth $3,590,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Pamplona Capital Management LLC acquired a new stake in Beyond during the fourth quarter valued at $1,630,000. JPMorgan Chase & Co. boosted its stake 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 acquiring an additional 246,447 shares in the last quarter. SRN Advisors LLC grew its position in shares of Beyond by 164.5% during the 4th quarter. SRN Advisors LLC now owns 320,001 shares of the company’s stock valued at $1,578,000 after acquiring an additional 199,000 shares during the period. ExodusPoint Capital Management LP purchased a new position in shares of Beyond in the 4th quarter valued at about $620,000. Finally, Wedbush Securities Inc. raised its holdings in Beyond by 950.1% in the 4th quarter. Wedbush Securities Inc. now owns 132,023 shares of the company’s stock worth $651,000 after purchasing an additional 119,450 shares during the period. 76.30% of the stock is owned by hedge funds and other institutional investors.

Beyond Price Performance

Shares of NYSE BYON opened at $3.88 on Friday. The stock has a market capitalization of $213.98 million, a price-to-earnings ratio of -0.52 and a beta of 4.09. Beyond, Inc. has a 52 week low of $3.54 and a 52 week high of $27.24. The firm has a 50-day simple moving average of $6.14 and a 200-day simple moving average of $6.68. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 0.17.

Beyond (NYSE:BYON) last released its quarterly earnings data on Monday, February 24th. The company reported ($0.91) EPS for the quarter, missing analysts’ consensus estimates of ($0.74) by ($0.17). The business had revenue of $303.15 million during the quarter, compared to analyst estimates of $337.96 million. Beyond had a negative net margin of 22.82% and a negative return on equity of 69.32%. On average, equities analysts predict that Beyond, Inc. will post -3.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BYON has been the topic of several research analyst reports. Needham & Company LLC lowered Beyond from a “buy” rating to a “hold” rating and set a $9.00 price objective on the stock. in a report on Wednesday, March 5th. Wedbush reissued an “outperform” rating and issued a $15.00 price target on shares of Beyond in a research note on Wednesday, March 19th. 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 report on Wednesday, February 26th. Jefferies Financial Group dropped 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. Finally, Barclays reduced their price target on shares of Beyond from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Thursday, January 9th. 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $9.64.

Insider Activity at Beyond

In other news, Chairman Marcus Lemonis acquired 19,193 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of $5.03 per share, with a total value of $96,540.79. Following the completion of the acquisition, the chairman now owns 456,151 shares of the company’s stock, valued at $2,294,439.53. This trade represents a 4.39 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.20% of the company’s stock.

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.