Beyond, Inc. (NYSE:BYON) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC grew its position in shares of Beyond, Inc. (NYSE:BYON) by 34.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,018 shares of the company’s stock after purchasing an additional 20,242 shares during the period. HighTower Advisors LLC owned 0.17% of Beyond worth $795,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its position in shares of Beyond by 8.2% in the second quarter. The Manufacturers Life Insurance Company now owns 17,818 shares of the company’s stock valued at $233,000 after buying an additional 1,348 shares during the last quarter. Fortis Group Advisors LLC raised its holdings in Beyond by 14.4% in the 3rd quarter. Fortis Group Advisors LLC now owns 13,689 shares of the company’s stock valued at $138,000 after acquiring an additional 1,724 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Beyond by 25.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,127 shares of the company’s stock worth $152,000 after purchasing an additional 3,059 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of Beyond during the 2nd quarter worth $44,000. Finally, Hollencrest Capital Management acquired a new stake in shares of Beyond during the second quarter worth $46,000. 76.30% of the stock is owned by institutional investors and hedge funds.

Beyond Stock Up 2.8 %

BYON opened at $5.12 on Thursday. Beyond, Inc. has a 1 year low of $4.90 and a 1 year high of $37.10. The firm has a 50 day moving average price of $6.92 and a 200 day moving average price of $10.09. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.91 and a current ratio of 0.97. The company has a market cap of $235.76 million, a PE ratio of -0.69 and a beta of 3.70.

Insiders Place Their Bets

In related news, Chairman Marcus Lemonis acquired 156,985 shares of the business’s stock in a transaction on Sunday, October 27th. The shares were bought at an average cost of $6.37 per share, with a total value of $999,994.45. Following the completion of the transaction, the chairman now directly owns 365,530 shares of the company’s stock, valued at $2,328,426.10. This trade represents a 75.28 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BYON. Piper Sandler dropped their target price on Beyond from $14.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Maxim Group dropped their price objective on shares of Beyond from $33.00 to $26.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Wedbush decreased their target price on shares of Beyond from $25.00 to $15.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Argus downgraded shares of Beyond from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Barclays cut their price target on shares of Beyond from $14.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $16.50.

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.