JW Asset Management LLC Buys New Shares in Beyond, Inc. (NYSE:BYON)

JW Asset Management LLC bought a new stake in shares of Beyond, Inc. (NYSE:BYON) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 30,000 shares of the company’s stock, valued at approximately $302,000. Beyond makes up about 0.1% of JW Asset Management LLC’s investment portfolio, making the stock its 12th largest holding. JW Asset Management LLC owned approximately 0.07% of Beyond as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. American International Group Inc. bought a new stake in shares of Beyond in the 1st quarter valued at about $799,000. CANADA LIFE ASSURANCE Co acquired a new position in Beyond during the first quarter worth approximately $157,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Beyond in the first quarter valued at $8,956,000. Shell Asset Management Co. acquired a new stake in shares of Beyond in the 1st quarter worth about $2,271,000. Finally, Lazard Asset Management LLC bought a new position in shares of Beyond during the 1st quarter valued at about $70,000. 76.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BYON has been the topic of several research analyst reports. Needham & Company LLC restated a “buy” rating and issued a $13.00 price objective on shares of Beyond in a research note on Wednesday, October 23rd. Bank of America downgraded shares of Beyond from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $12.50 to $6.00 in a research note on Friday, October 25th. Barclays lowered their target price 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. 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. Finally, Wedbush lowered their target price 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 analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Beyond has an average rating of “Hold” and a consensus price target of $16.50.

Insiders Place Their Bets

In other Beyond news, Chairman Marcus Lemonis purchased 156,985 shares of the company’s stock in a transaction that occurred on Sunday, October 27th. The stock was purchased at an average price 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 of the company’s stock, valued at approximately $2,328,426.10. This trade represents a 75.28 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is currently owned by insiders.

Beyond Stock Up 1.2 %

Shares of NYSE BYON opened at $6.16 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.91 and a current ratio of 0.97. The firm has a market cap of $283.44 million, a price-to-earnings ratio of -0.83 and a beta of 3.70. Beyond, Inc. has a 1 year low of $5.94 and a 1 year high of $37.10. The stock’s 50-day simple moving average is $8.80 and its 200-day simple moving average is $11.71.

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.