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

Federated Hermes Inc. grew its holdings in Beyond, Inc. (NYSE:BYON) by 390.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 728,158 shares of the company’s stock after buying an additional 579,565 shares during the period. Federated Hermes Inc.’s holdings in Beyond were worth $3,590,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Beyond by 14.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 98,621 shares of the company’s stock valued at $994,000 after buying an additional 12,794 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Beyond by 34.4% in the 3rd quarter. HighTower Advisors LLC now owns 79,018 shares of the company’s stock valued at $795,000 after acquiring an additional 20,242 shares during the period. State Street Corp lifted its holdings in shares of Beyond by 0.9% in the 3rd quarter. State Street Corp now owns 1,016,563 shares of the company’s stock worth $10,247,000 after acquiring an additional 8,580 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Beyond during the 3rd quarter worth approximately $107,000. Finally, Franklin Resources Inc. increased its holdings in Beyond by 12.8% in the 3rd quarter. Franklin Resources Inc. now owns 21,299 shares of the company’s stock valued at $217,000 after purchasing an additional 2,411 shares during the last quarter. 76.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BYON has been the topic of a number of research reports. Wedbush restated an “outperform” rating and set a $15.00 price target on shares of Beyond in a research note on Wednesday, March 19th. Maxim Group decreased their target price on Beyond from $26.00 to $16.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Needham & Company LLC downgraded Beyond from a “buy” rating to a “hold” rating and set a $9.00 target price for the company. in a research report on Wednesday, March 5th. Barclays cut their price target on shares of Beyond from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 9th. Finally, Argus cut shares of Beyond from a “hold” rating to a “sell” rating in a report on Wednesday, December 18th. Two investment 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $9.64.

Beyond Stock Performance

Shares of Beyond stock opened at $3.88 on Friday. The business has a 50-day simple moving average of $6.14 and a 200-day simple moving average of $6.68. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.91 and a current ratio of 0.97. Beyond, Inc. has a one year low of $3.54 and a one year high of $27.24. The company has a market cap of $213.98 million, a PE ratio of -0.52 and a beta of 4.09.

Beyond (NYSE:BYON) last posted its quarterly earnings results on Monday, February 24th. The company reported ($0.91) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $303.15 million for the quarter, compared to analyst estimates of $337.96 million. On average, equities research analysts forecast that Beyond, Inc. will post -3.75 EPS for the current fiscal year.

Insider Buying and Selling at Beyond

In related news, Chairman Marcus Lemonis acquired 19,193 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was bought at an average price of $5.03 per share, for a total transaction of $96,540.79. Following the completion of the purchase, the chairman now directly owns 456,151 shares of the company’s stock, valued at approximately $2,294,439.53. The trade was a 4.39 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.20% of the stock is owned by insiders.

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.