Connor Clark & Lunn Investment Management Ltd. lessened its stake in shares of Beyond, Inc. (NYSE:BYON - Free Report) by 34.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 243,695 shares of the company's stock after selling 126,917 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.53% of Beyond worth $2,456,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tidal Investments LLC acquired a new position in shares of Beyond in the 1st quarter valued at approximately $33,599,000. Dimensional Fund Advisors LP acquired a new position in Beyond during the second quarter valued at approximately $9,538,000. Refined Wealth Management bought a new stake in Beyond during the second quarter worth $4,201,000. Royce & Associates LP boosted its holdings in shares of Beyond by 57.8% in the 3rd quarter. Royce & Associates LP now owns 845,977 shares of the company's stock valued at $8,527,000 after purchasing an additional 309,810 shares in the last quarter. Finally, ProShare Advisors LLC acquired a new position in shares of Beyond during the 2nd quarter worth $3,800,000. 76.30% of the stock is owned by institutional investors and hedge funds.
Beyond Trading Up 9.4 %
NYSE:BYON traded up $0.54 during trading hours on Monday, hitting $6.27. 3,280,365 shares of the company were exchanged, compared to its average volume of 1,978,010. The stock has a market capitalization of $288.73 million, a price-to-earnings ratio of -0.85 and a beta of 3.70. Beyond, Inc. has a one year low of $5.57 and a one year high of $37.10. The company has a fifty day simple moving average of $8.39 and a 200 day simple moving average of $11.37. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 0.17.
Analysts Set New Price Targets
BYON has been the topic of several research analyst reports. Jefferies Financial Group reduced 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. Piper Sandler reduced their price target on shares of Beyond from $14.00 to $8.00 and set a "neutral" rating on the stock in a research note on Friday, October 25th. Barclays decreased 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. Maxim Group cut their target price on shares of Beyond from $33.00 to $26.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. Finally, Wedbush decreased their target price on shares of Beyond from $25.00 to $15.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $16.50.
Get Our Latest Analysis on Beyond
Insider Transactions at Beyond
In other news, Chairman Marcus Lemonis acquired 156,985 shares of Beyond stock in a transaction dated Sunday, October 27th. The shares were bought at an average cost of $6.37 per share, with a total value of $999,994.45. Following the purchase, the chairman now owns 365,530 shares in the company, valued at $2,328,426.10. This trade represents a 75.28 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.20% of the stock is owned by corporate insiders.
About Beyond
(
Free Report)
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.
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