OneDigital Investment Advisors LLC Takes $116,000 Position in Beyond, Inc. (NYSE:BYON)

OneDigital Investment Advisors LLC acquired a new stake in shares of Beyond, Inc. (NYSE:BYON) in the third quarter, HoldingsChannel reports. The fund acquired 11,485 shares of the company’s stock, valued at approximately $116,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tidal Investments LLC acquired a new stake in shares of Beyond during the 1st quarter valued at about $33,599,000. Dimensional Fund Advisors LP bought a new position in Beyond during the second quarter valued at approximately $9,538,000. Refined Wealth Management acquired a new stake in Beyond in the second quarter valued at approximately $4,201,000. ProShare Advisors LLC bought a new stake in Beyond in the second quarter worth approximately $3,800,000. Finally, swisspartners Advisors Ltd increased its stake in shares of Beyond by 2.9% during the 3rd quarter. swisspartners Advisors Ltd now owns 226,395 shares of the company’s stock worth $2,282,000 after purchasing an additional 6,280 shares during the last quarter. Hedge funds and other institutional investors own 76.30% of the company’s stock.

Beyond Stock Performance

BYON opened at $5.73 on Friday. Beyond, Inc. has a 12-month low of $5.57 and a 12-month high of $37.10. The firm has a market capitalization of $263.87 million, a P/E ratio of -0.78 and a beta of 3.70. The stock’s 50 day moving average price is $8.49 and its two-hundred day moving average price is $11.49. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 0.17.

Analysts Set New Price Targets

Several equities analysts have commented on BYON shares. Needham & Company LLC reissued a “buy” rating and set a $13.00 target price on shares of Beyond in a research report on Wednesday, October 23rd. Jefferies Financial Group lowered their price objective on Beyond from $14.00 to $11.00 and set a “hold” rating on the stock in a report on Monday, September 23rd. Piper Sandler reduced their target price on Beyond from $14.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Bank of America cut Beyond from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $12.50 to $6.00 in a research report on Friday, October 25th. Finally, Maxim Group dropped their price target 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.50.

Insider Buying and Selling

In other news, Chairman Marcus Lemonis bought 156,985 shares of the firm’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 completion of the transaction, the chairman now directly owns 365,530 shares in the company, valued at $2,328,426.10. This represents a 75.28 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is currently owned by insiders.

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.