Zurcher Kantonalbank Zurich Cantonalbank Raises Position in Beyond, Inc. (NYSE:BYON)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Beyond, Inc. (NYSE:BYON) by 25.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,127 shares of the company’s stock after buying an additional 3,059 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Beyond were worth $152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD acquired a new position in Beyond during the 1st quarter valued at approximately $795,000. California State Teachers Retirement System acquired a new position in shares of Beyond in the 1st quarter valued at $1,479,000. Cetera Advisors LLC purchased a new position in Beyond in the 1st quarter worth $233,000. CWM LLC acquired a new stake in Beyond during the 2nd quarter worth about $46,000. Finally, ARS Investment Partners LLC purchased a new stake in Beyond during the 2nd quarter valued at about $600,000. 76.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Maxim Group decreased their target price on Beyond from $33.00 to $26.00 and set a “buy” rating for the company in a report on Friday, October 25th. Bank of America downgraded shares of Beyond from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $12.50 to $6.00 in a report on Friday, October 25th. Jefferies Financial Group reduced their target price on shares of Beyond from $14.00 to $11.00 and set a “hold” rating for the company in a report on Monday, September 23rd. Barclays lowered 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. Finally, Wedbush reduced their price objective on Beyond from $25.00 to $15.00 and set an “outperform” rating for the company 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $16.50.

Beyond Price Performance

Shares of Beyond stock opened at $6.06 on Tuesday. The firm has a market cap of $278.83 million, a PE ratio of -0.82 and a beta of 3.70. The business has a 50-day moving average price of $7.55 and a 200 day moving average price of $10.55. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. Beyond, Inc. has a twelve month low of $5.57 and a twelve month high of $37.10.

Insider Activity

In related news, Chairman Marcus Lemonis acquired 156,985 shares of Beyond stock in a transaction on Sunday, October 27th. The stock was bought at an average cost of $6.37 per share, for a total transaction of $999,994.45. Following the completion of the transaction, 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 position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.20% of the company’s stock.

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.