Cwm LLC Increases Stock Position in Beyond, Inc. (NYSE:BYON)

Cwm LLC boosted its stake in shares of Beyond, Inc. (NYSE:BYON) by 188.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 10,745 shares of the company’s stock after acquiring an additional 7,025 shares during the quarter. Cwm LLC’s holdings in Beyond were worth $62,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in shares of Beyond in the fourth quarter valued at approximately $578,000. KLP Kapitalforvaltning AS purchased a new position in shares of Beyond in the fourth quarter valued at approximately $39,000. LPL Financial LLC boosted its stake in shares of Beyond by 4.2% in the fourth quarter. LPL Financial LLC now owns 177,996 shares of the company’s stock valued at $878,000 after purchasing an additional 7,147 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Beyond by 63.2% in the fourth quarter. JPMorgan Chase & Co. now owns 636,141 shares of the company’s stock valued at $3,136,000 after purchasing an additional 246,447 shares during the period. Finally, ExodusPoint Capital Management LP purchased a new position in shares of Beyond in the fourth quarter valued at approximately $620,000. Hedge funds and other institutional investors own 76.30% of the company’s stock.

Beyond Stock Down 8.9%

Shares of NYSE:BYON opened at $8.15 on Friday. The firm’s 50 day moving average price is $7.52 and its 200 day moving average price is $6.42. The stock has a market cap of $467.89 million, a price-to-earnings ratio of -2.00 and a beta of 2.76. Beyond, Inc. has a fifty-two week low of $3.54 and a fifty-two week high of $12.24.

Beyond (NYSE:BYON) last released its quarterly earnings data on Monday, July 28th. The company reported ($0.22) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.15. Beyond had a negative net margin of 17.86% and a negative return on equity of 78.27%. The company had revenue of $282.25 million for the quarter, compared to analysts’ expectations of $250.37 million. During the same quarter last year, the company earned ($0.76) earnings per share. The firm’s revenue for the quarter was down 29.1% on a year-over-year basis. On average, equities analysts anticipate that Beyond, Inc. will post -3.75 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on BYON shares. Needham & Company LLC reissued a “hold” rating on shares of Beyond in a research note on Tuesday. Barclays lowered their price objective on shares of Beyond from $7.00 to $5.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 30th. Wedbush raised their price objective on shares of Beyond from $10.00 to $13.00 and gave the company an “outperform” rating in a research note on Tuesday, July 22nd. Wall Street Zen raised shares of Beyond from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Jefferies Financial Group reduced their target price on shares of Beyond from $6.50 to $5.00 and set a “hold” rating on the stock in a report on Tuesday, April 29th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $8.86.

Beyond 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.