Beyond, Inc. (NYSE:BYON) Shares Purchased by Royce & Associates LP

Royce & Associates LP boosted its position in Beyond, Inc. (NYSE:BYON) by 57.8% in the 3rd quarter, Holdings Channel reports. The firm owned 845,977 shares of the company’s stock after acquiring an additional 309,810 shares during the quarter. Royce & Associates LP’s holdings in Beyond were worth $8,527,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. SRN Advisors LLC grew its holdings in shares of Beyond by 2.4% during the 1st quarter. SRN Advisors LLC now owns 44,631 shares of the company’s stock worth $1,603,000 after purchasing an additional 1,061 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Beyond by 8.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,818 shares of the company’s stock worth $233,000 after acquiring an additional 1,348 shares in the last quarter. Fortis Group Advisors LLC increased its position in Beyond by 14.4% during the third quarter. Fortis Group Advisors LLC now owns 13,689 shares of the company’s stock worth $138,000 after buying an additional 1,724 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Beyond during the first quarter worth approximately $66,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in Beyond during the first quarter worth approximately $71,000. 76.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on BYON. Maxim Group lowered their target price on Beyond from $33.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Piper Sandler decreased their target price on Beyond from $14.00 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Needham & Company LLC reissued a “buy” rating and issued a $13.00 price target on shares of Beyond in a report on Wednesday, October 23rd. Barclays cut their price target on Beyond from $14.00 to $8.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. Finally, Jefferies Financial Group cut their price target on Beyond from $14.00 to $11.00 and set a “hold” rating for the company in a report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Beyond presently has an average rating of “Hold” and an average price target of $16.50.

Insider Activity at Beyond

In other news, Chairman Marcus Lemonis purchased 156,985 shares of the stock in a transaction on Sunday, October 27th. The stock was purchased at an average price of $6.37 per share, with a total value of $999,994.45. Following the completion of the transaction, the chairman now owns 365,530 shares in the company, valued at approximately $2,328,426.10. The trade was a 75.28 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.20% of the company’s stock.

Beyond Stock Performance

Beyond stock opened at $6.09 on Monday. The firm has a market capitalization of $280.42 million, a P/E ratio of -0.82 and a beta of 3.70. The stock has a fifty day moving average price of $9.00 and a 200 day moving average price of $11.93. Beyond, Inc. has a 52 week low of $5.95 and a 52 week high of $37.10. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 0.17.

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.