UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 12,794 Shares of Beyond, Inc. (NYSE:BYON)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Beyond, Inc. (NYSE:BYON) by 14.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 98,621 shares of the company’s stock after acquiring an additional 12,794 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.21% of Beyond worth $994,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC acquired a new position in shares of Beyond during the second quarter worth approximately $46,000. Raymond James & Associates acquired a new position in Beyond during the second quarter worth $1,239,000. Hennion & Walsh Asset Management Inc. bought a new position in shares of Beyond in the second quarter valued at $399,000. Penbrook Management LLC bought a new position in shares of Beyond in the second quarter valued at $160,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Beyond during the second quarter valued at about $2,188,000. Institutional investors and hedge funds own 76.30% of the company’s stock.

Beyond Stock Performance

Shares of Beyond stock opened at $5.12 on Thursday. The business’s fifty day simple moving average is $6.92 and its 200 day simple moving average is $10.09. 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, Inc. has a 12 month low of $4.90 and a 12 month high of $37.10. The firm has a market capitalization of $235.76 million, a P/E ratio of -0.69 and a beta of 3.70.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, Chairman Marcus Lemonis bought 156,985 shares of the company’s stock in a transaction on Sunday, October 27th. The shares were purchased at an average cost of $6.37 per share, for a total transaction of $999,994.45. Following the completion of the purchase, the chairman now directly owns 365,530 shares in the company, valued at $2,328,426.10. The trade was a 75.28 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.20% of the company’s stock.

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.