Franklin Resources Inc. Acquires 2,411 Shares of Beyond, Inc. (NYSE:BYON)

Franklin Resources Inc. boosted its holdings in Beyond, Inc. (NYSE:BYON) by 12.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,299 shares of the company’s stock after purchasing an additional 2,411 shares during the quarter. Franklin Resources Inc.’s holdings in Beyond were worth $217,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. The Manufacturers Life Insurance Company grew its stake in shares of Beyond by 8.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,818 shares of the company’s stock worth $233,000 after buying an additional 1,348 shares during the last quarter. Fortis Group Advisors LLC boosted its holdings in Beyond by 14.4% in the third quarter. Fortis Group Advisors LLC now owns 13,689 shares of the company’s stock worth $138,000 after acquiring an additional 1,724 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Beyond by 25.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,127 shares of the company’s stock worth $152,000 after acquiring an additional 3,059 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Beyond during the second quarter valued at $44,000. Finally, Hollencrest Capital Management purchased a new position in shares of Beyond in the 2nd quarter worth about $46,000. Institutional investors own 76.30% of the company’s stock.

Insider Buying and Selling at Beyond

In other Beyond news, Chairman Marcus Lemonis bought 156,985 shares of Beyond stock in a transaction on Sunday, October 27th. The stock was acquired at an average cost of $6.37 per share, with a total value of $999,994.45. Following the completion of the acquisition, the chairman now owns 365,530 shares in the company, valued at approximately $2,328,426.10. This represents a 75.28 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.20% of the stock is owned by corporate insiders.

Beyond Price Performance

NYSE BYON opened at $4.93 on Thursday. The stock has a market capitalization of $227.01 million, a price-to-earnings ratio of -0.67 and a beta of 3.70. Beyond, Inc. has a 1-year low of $4.45 and a 1-year high of $37.10. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.91. The business’s fifty day moving average price is $5.86 and its 200-day moving average price is $9.40.

Analyst Ratings Changes

Several brokerages recently commented on BYON. Piper Sandler cut their price objective on shares of Beyond from $14.00 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. 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 report on Tuesday, October 29th. Jefferies Financial Group decreased their price objective on shares of Beyond from $14.00 to $11.00 and set a “hold” rating for the company in a report on Monday, September 23rd. Argus downgraded Beyond from a “hold” rating to a “sell” rating in a research note on Wednesday, December 18th. Finally, Wedbush decreased their price target on Beyond from $25.00 to $15.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $16.50.

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.