Aptus Capital Advisors LLC Increases Stock Holdings in Beyond, Inc. (NYSE:BYON)

Aptus Capital Advisors LLC increased its stake in Beyond, Inc. (NYSE:BYON) by 25.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 151,053 shares of the company’s stock after acquiring an additional 30,196 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Beyond were worth $1,523,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Tidal Investments LLC acquired a new stake in shares of Beyond in the first quarter worth approximately $33,599,000. Dimensional Fund Advisors LP acquired a new stake in shares of Beyond in the second quarter valued at about $9,538,000. Refined Wealth Management purchased a new position in shares of Beyond in the second quarter worth about $4,201,000. ProShare Advisors LLC purchased a new position in shares of Beyond in the second quarter worth about $3,800,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Beyond during the first quarter worth about $8,956,000. 76.30% of the stock is currently owned by institutional investors and hedge funds.

Beyond Price Performance

Beyond stock opened at $6.18 on Friday. The company’s 50 day moving average is $9.15 and its two-hundred day moving average is $12.18. The firm has a market cap of $284.56 million, a PE ratio of -0.84 and a beta of 3.70. 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 52-week low of $5.95 and a 52-week high of $37.10.

Insider Activity

In related news, Chairman Marcus Lemonis bought 156,985 shares of the stock in a transaction that occurred on Sunday, October 27th. The stock was purchased at an average cost of $6.37 per share, with a total value of $999,994.45. Following the purchase, the chairman now directly owns 365,530 shares of the company’s stock, valued at $2,328,426.10. This trade represents a 75.28 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BYON. Piper Sandler decreased their target price on shares of Beyond from $14.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Maxim Group reduced their price objective on Beyond from $33.00 to $26.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Jefferies Financial Group dropped their target price on Beyond from $14.00 to $11.00 and set a “hold” rating for the company in a report on Monday, September 23rd. Needham & Company LLC reiterated a “buy” rating and set a $13.00 price target on shares of Beyond in a report on Wednesday, October 23rd. Finally, Wedbush lowered their price target on shares of Beyond from $25.00 to $15.00 and set an “outperform” 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 issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $16.50.

Beyond 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.