Royce & Associates LP Purchases 309,810 Shares of Beyond, Inc. (NYSE:BYON)

Royce & Associates LP increased its position in shares of Beyond, Inc. (NYSE:BYON - Free Report) by 57.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 845,977 shares of the company's stock after purchasing an additional 309,810 shares during the period. Royce & Associates LP owned 1.84% of Beyond worth $8,527,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Boston Partners bought a new stake in shares of Beyond during the 1st quarter worth $2,152,000. Rhumbline Advisers acquired a new position in shares of Beyond in the 2nd quarter valued at $1,001,000. ProShare Advisors LLC purchased a new position in Beyond in the 2nd quarter worth about $3,800,000. Sanctuary Advisors LLC acquired a new stake in Beyond during the 2nd quarter worth about $650,000. Finally, Price T Rowe Associates Inc. MD purchased a new stake in Beyond during the first quarter valued at about $795,000. 76.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Beyond

In related news, Chairman Marcus Lemonis acquired 156,985 shares of the business's stock in a transaction that occurred on Sunday, October 27th. The shares were acquired 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 of the company's stock, valued at approximately $2,328,426.10. The trade was a 75.28 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is owned by company insiders.

Beyond Stock Down 0.2 %

NYSE BYON traded down $0.01 during trading on Monday, reaching $6.08. The company's stock had a trading volume of 1,745,460 shares, compared to its average volume of 1,966,533. The business has a 50-day moving average price of $9.00 and a 200-day moving average price of $11.93. Beyond, Inc. has a 1-year low of $5.94 and a 1-year high of $37.10. The stock has a market capitalization of $279.96 million, a PE ratio of -0.82 and a beta of 3.70. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 0.17.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BYON. 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. Bank of America downgraded Beyond from a "neutral" rating to an "underperform" rating and reduced their price objective for the stock from $12.50 to $6.00 in a research note on Friday, October 25th. Maxim Group dropped their target price on 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 set a $13.00 price target on shares of Beyond in a report on Wednesday, October 23rd. Finally, Jefferies Financial Group lowered their price objective on shares of Beyond from $14.00 to $11.00 and set a "hold" rating on the stock in a research report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price 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.