OneDigital Investment Advisors LLC Acquires New Position in Beyond, Inc. (NYSE:BYON)

OneDigital Investment Advisors LLC bought a new position in Beyond, Inc. (NYSE:BYON) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,485 shares of the company’s stock, valued at approximately $116,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Boston Partners bought a new position in shares of Beyond during the first quarter worth about $2,152,000. Rhumbline Advisers acquired a new position in Beyond during the 2nd quarter valued at about $1,001,000. ProShare Advisors LLC bought a new position in Beyond in the 2nd quarter worth about $3,800,000. Sanctuary Advisors LLC acquired a new stake in shares of Beyond in the second quarter valued at approximately $650,000. Finally, Price T Rowe Associates Inc. MD bought a new stake in shares of Beyond during the first quarter valued at approximately $795,000. 76.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Jefferies Financial Group decreased their price objective on Beyond from $14.00 to $11.00 and set a “hold” rating for the company in a report on Monday, September 23rd. Piper Sandler decreased 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. Maxim Group cut their price objective on shares of Beyond from $33.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Barclays decreased their target price on shares of Beyond from $14.00 to $8.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. Finally, Bank of America cut shares of Beyond from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $12.50 to $6.00 in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $16.50.

Insiders Place Their Bets

In other news, Chairman Marcus Lemonis bought 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 purchase, the chairman now directly owns 365,530 shares in the company, valued at $2,328,426.10. This trade represents a 75.28 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Beyond Trading Down 0.3 %

Shares of NYSE BYON opened at $5.73 on Friday. 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, Inc. has a 12 month low of $5.57 and a 12 month high of $37.10. The company has a market cap of $263.87 million, a price-to-earnings ratio of -0.78 and a beta of 3.70. The business has a fifty day simple moving average of $8.49 and a 200-day simple moving average of $11.49.

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.