Quest Partners LLC Raises Stake in Beyond, Inc. (NYSE:BYON)

Quest Partners LLC boosted its holdings in shares of Beyond, Inc. (NYSE:BYON) by 183.1% in the third quarter, HoldingsChannel reports. The fund owned 18,153 shares of the company’s stock after acquiring an additional 11,740 shares during the period. Quest Partners LLC’s holdings in Beyond were worth $183,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Royce & Associates LP raised its holdings in Beyond by 57.8% in the third quarter. Royce & Associates LP now owns 845,977 shares of the company’s stock worth $8,527,000 after buying an additional 309,810 shares during the last quarter. Dimensional Fund Advisors LP purchased a new position in Beyond in the second quarter worth about $9,538,000. Refined Wealth Management purchased a new position in Beyond in the second quarter worth about $4,201,000. ProShare Advisors LLC purchased a new position in Beyond in the second quarter worth about $3,800,000. Finally, swisspartners Advisors Ltd raised its holdings in Beyond by 2.9% in the third quarter. swisspartners Advisors Ltd now owns 226,395 shares of the company’s stock worth $2,282,000 after buying an additional 6,280 shares during the last quarter. 76.30% of the stock is owned by hedge funds and other institutional investors.

Beyond Stock Performance

Shares of BYON stock opened at $6.07 on Thursday. The company has a 50 day moving average price of $8.20 and a 200-day moving average price of $11.26. Beyond, Inc. has a 52 week low of $5.57 and a 52 week high of $37.10. The firm has a market capitalization of $279.52 million, a PE ratio of -0.82 and a beta of 3.70. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 0.17.

Analyst Ratings Changes

Several brokerages have issued reports on BYON. Maxim Group decreased their target price on shares of Beyond from $33.00 to $26.00 and set a “buy” rating for the company in a report on Friday, October 25th. Jefferies Financial Group decreased their target price 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. Needham & Company LLC reiterated a “buy” rating and issued a $13.00 price target on shares of Beyond in a research note on Wednesday, October 23rd. Barclays reduced their price target on shares of Beyond from $14.00 to $8.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th. Finally, Wedbush reduced their price target on shares of Beyond from $25.00 to $15.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $16.50.

Insider Activity at Beyond

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

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.