Intech Investment Management LLC Acquires Shares of 15,297 Beyond, Inc. (NYSE:BYON)

Intech Investment Management LLC acquired a new stake in Beyond, Inc. (NYSE:BYON) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 15,297 shares of the company’s stock, valued at approximately $154,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Beyond during the second quarter worth approximately $44,000. Hollencrest Capital Management purchased a new stake in shares of Beyond during the second quarter worth approximately $46,000. CWM LLC purchased a new stake in shares of Beyond during the second quarter worth approximately $46,000. Sunbelt Securities Inc. purchased a new stake in shares of Beyond during the second quarter worth approximately $47,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Beyond during the second quarter worth approximately $75,000. Hedge funds and other institutional investors own 76.30% of the company’s stock.

Wall Street Analysts Forecast Growth

BYON has been the subject of several analyst reports. Piper Sandler cut their price target on Beyond from $14.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Wedbush dropped their price objective on Beyond from $25.00 to $15.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Barclays dropped their price objective on Beyond from $14.00 to $8.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. Maxim Group dropped their price objective on Beyond from $33.00 to $26.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, Bank of America lowered Beyond from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $12.50 to $6.00 in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Beyond presently has an average rating of “Hold” and an average target price of $16.50.

Insider Activity

In related news, Chairman Marcus Lemonis acquired 156,985 shares of the company’s stock in a transaction that occurred on Sunday, October 27th. The stock was purchased at an average price of $6.37 per share, for a total transaction of $999,994.45. Following the transaction, the chairman now owns 365,530 shares in the company, valued at $2,328,426.10. This trade represents a 75.28 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.20% of the company’s stock.

Beyond Trading Down 0.8 %

Shares of BYON stock opened at $6.01 on Friday. Beyond, Inc. has a fifty-two week low of $5.57 and a fifty-two week high of $37.10. The stock has a market cap of $276.76 million, a P/E ratio of -0.81 and a beta of 3.70. The business has a fifty day simple moving average of $7.64 and a 200-day simple moving average of $10.66. 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 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.