Beyond, Inc. (NYSE:BYON) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC increased its position in Beyond, Inc. (NYSE:BYON) by 34.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 79,018 shares of the company’s stock after buying an additional 20,242 shares during the quarter. HighTower Advisors LLC’s holdings in Beyond were worth $795,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. CWM LLC purchased a new position in Beyond in the second quarter valued at about $46,000. Raymond James & Associates acquired a new position in shares of Beyond in the 2nd quarter valued at approximately $1,239,000. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Beyond in the 2nd quarter valued at approximately $399,000. Penbrook Management LLC purchased a new position in shares of Beyond during the 2nd quarter valued at approximately $160,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Beyond during the second quarter worth approximately $2,188,000. 76.30% of the stock is owned by institutional investors and hedge funds.

Beyond Price Performance

Shares of NYSE:BYON opened at $5.12 on Thursday. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. The firm has a 50-day simple moving average of $6.92 and a 200 day simple moving average of $10.09. Beyond, Inc. has a fifty-two week low of $4.90 and a fifty-two week high of $37.10. The company has a market cap of $235.76 million, a PE ratio of -0.69 and a beta of 3.70.

Insider Activity

In related 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, for a total transaction of $999,994.45. Following the completion of the purchase, 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. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on BYON shares. Maxim Group cut their price target 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. Needham & Company LLC restated a “buy” rating and issued a $13.00 target price on shares of Beyond in a research note on Wednesday, October 23rd. 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. Barclays lowered 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, Jefferies Financial Group reduced their target price on Beyond from $14.00 to $11.00 and set a “hold” rating on the stock in a report on Monday, September 23rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Beyond has a consensus rating of “Hold” and a consensus price target of $16.50.

About Beyond

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.