Beyond, Inc. (NYSE:BYON) Stock Position Increased by SRN Advisors LLC

SRN Advisors LLC increased its holdings in Beyond, Inc. (NYSE:BYON) by 164.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 320,001 shares of the company’s stock after acquiring an additional 199,000 shares during the period. Beyond makes up about 1.4% of SRN Advisors LLC’s holdings, making the stock its 9th largest holding. SRN Advisors LLC owned approximately 0.69% of Beyond worth $1,578,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of Beyond by 34.7% during the third quarter. JPMorgan Chase & Co. now owns 389,694 shares of the company’s stock valued at $3,928,000 after acquiring an additional 100,335 shares during the last quarter. Royce & Associates LP increased its holdings in Beyond by 57.8% in the 3rd quarter. Royce & Associates LP now owns 845,977 shares of the company’s stock valued at $8,527,000 after purchasing an additional 309,810 shares during the last quarter. Franklin Resources Inc. raised its position in Beyond by 12.8% in the third 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 period. Refined Wealth Management lifted its stake in Beyond by 14.8% during the fourth quarter. Refined Wealth Management now owns 401,095 shares of the company’s stock worth $1,977,000 after purchasing an additional 51,763 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Beyond by 14.9% during 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 worth $994,000 after buying an additional 12,794 shares during the period. 76.30% of the stock is currently owned by hedge funds and other institutional investors.

Beyond Stock Performance

Shares of BYON opened at $6.75 on Thursday. The company has a market capitalization of $310.58 million, a price-to-earnings ratio of -0.91 and a beta of 3.81. Beyond, Inc. has a 52-week low of $4.45 and a 52-week high of $37.10. 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 stock has a 50 day moving average price of $6.87 and a 200 day moving average price of $7.91.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BYON shares. Argus downgraded Beyond from a “hold” rating to a “sell” rating in a report on Wednesday, December 18th. Wedbush reiterated an “outperform” rating and set a $15.00 target price on shares of Beyond in a report on Wednesday, February 5th. Maxim Group decreased their price objective on Beyond from $26.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Barclays decreased 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 note on Thursday, January 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Beyond currently has a consensus rating of “Hold” and a consensus target price of $10.86.

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.