Verition Fund Management LLC trimmed its position in Beyond, Inc. (NYSE:BYON - Free Report) by 95.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,269 shares of the company's stock after selling 476,560 shares during the period. Verition Fund Management LLC's holdings in Beyond were worth $214,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of BYON. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Beyond during the second quarter worth $44,000. CWM LLC bought a new position in Beyond in the second quarter worth about $46,000. Hollencrest Capital Management bought a new position in Beyond in the second quarter worth about $46,000. Sunbelt Securities Inc. acquired a new position in Beyond in the second quarter valued at approximately $47,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Beyond during the second quarter valued at approximately $75,000. 76.30% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on BYON. Wedbush reduced their price objective on Beyond from $25.00 to $15.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Needham & Company LLC reissued a "buy" rating and set a $13.00 price target on shares of Beyond in a report on Wednesday, October 23rd. Jefferies Financial Group lowered their price target on shares of Beyond from $14.00 to $11.00 and set a "hold" rating for the company in a research report on Monday, September 23rd. Maxim Group reduced their target price on shares of Beyond from $33.00 to $26.00 and set a "buy" rating for the company in a research note on Friday, October 25th. Finally, Piper Sandler decreased their target price on shares of Beyond from $14.00 to $8.00 and set a "neutral" rating for the company in a research report on Friday, October 25th. One 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $16.50.
Check Out Our Latest Analysis on Beyond
Insider Buying and Selling
In other Beyond news, Chairman Marcus Lemonis acquired 156,985 shares of Beyond stock in a transaction dated Sunday, October 27th. The stock was bought at an average price of $6.37 per share, for a total transaction of $999,994.45. Following the transaction, the chairman now owns 365,530 shares in the company, valued at approximately $2,328,426.10. This trade represents a 75.28 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.20% of the stock is owned by corporate insiders.
Beyond Price Performance
Beyond stock traded down $0.19 during trading hours on Monday, hitting $5.06. 3,179,893 shares of the company traded hands, compared to its average volume of 1,998,770. The firm's 50-day simple moving average is $7.23 and its two-hundred day simple moving average is $10.27. Beyond, Inc. has a 1-year low of $4.94 and a 1-year high of $37.10. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 0.17.
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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