Stifel Financial Corp Has $2.99 Million Stock Holdings in Beyond, Inc. (NYSE:BYON)

Stifel Financial Corp lessened its holdings in Beyond, Inc. (NYSE:BYON) by 11.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 296,857 shares of the company’s stock after selling 40,058 shares during the period. Stifel Financial Corp’s holdings in Beyond were worth $2,992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new stake in Beyond in the second quarter valued at $44,000. CWM LLC acquired a new stake in Beyond in the 2nd quarter valued at about $46,000. Hollencrest Capital Management acquired a new position in shares of Beyond during the second quarter valued at $46,000. Sunbelt Securities Inc. acquired a new stake in Beyond during the 2nd quarter worth $47,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Beyond during the 2nd quarter worth about $75,000. Institutional investors own 76.30% of the company’s stock.

Insider Transactions at Beyond

In related news, Chairman Marcus Lemonis purchased 156,985 shares of the stock in a transaction on Sunday, October 27th. The shares were purchased at an average cost of $6.37 per share, with a total value of $999,994.45. Following the acquisition, 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. 1.20% of the stock is currently owned by corporate insiders.

Beyond Stock Down 1.6 %

BYON opened at $4.98 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 0.17. The stock’s fifty day simple moving average is $7.01 and its 200 day simple moving average is $10.12. Beyond, Inc. has a 1-year low of $4.94 and a 1-year high of $37.10. The stock has a market cap of $229.31 million, a PE ratio of -0.67 and a beta of 3.70.

Analyst Upgrades and Downgrades

Several analysts recently commented on BYON shares. Jefferies Financial Group dropped their price objective on Beyond from $14.00 to $11.00 and set a “hold” rating on the stock in a research note on Monday, September 23rd. Bank of America cut shares of Beyond from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $12.50 to $6.00 in a research note on Friday, October 25th. Needham & Company LLC reissued a “buy” rating and issued a $13.00 price objective on shares of Beyond in a research report on Wednesday, October 23rd. Barclays decreased their price objective on Beyond from $14.00 to $8.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. Finally, Piper Sandler dropped their target price on Beyond from $14.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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.