Beyond, Inc. (NYSE:BYON) Shares Sold by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. trimmed its stake in shares of Beyond, Inc. (NYSE:BYON) by 34.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,720 shares of the company’s stock after selling 7,112 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Beyond were worth $138,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC acquired a new stake in Beyond during the 2nd quarter worth approximately $44,000. CWM LLC acquired a new stake in Beyond during the 2nd quarter worth approximately $46,000. Hollencrest Capital Management acquired a new stake in Beyond during the 2nd quarter worth approximately $46,000. Sunbelt Securities Inc. acquired a new stake in Beyond during the 2nd quarter worth approximately $47,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Beyond during the 1st quarter worth approximately $66,000. 76.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Beyond

In related news, Director William Benjamin Nettles, Jr. sold 10,412 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $9.35, for a total value of $97,352.20. Following the completion of the transaction, the director now directly owns 11,368 shares of the company’s stock, valued at $106,290.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Chairman Marcus Lemonis bought 156,985 shares of the stock in a transaction on Sunday, October 27th. The shares were purchased at an average price of $6.37 per share, for a total transaction of $999,994.45. Following the acquisition, the chairman now owns 365,530 shares in the company, valued at $2,328,426.10. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William Benjamin Nettles, Jr. sold 10,412 shares of the stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $9.35, for a total value of $97,352.20. Following the sale, the director now owns 11,368 shares in the company, valued at approximately $106,290.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Beyond Stock Performance

NYSE BYON opened at $6.21 on Friday. Beyond, Inc. has a 1-year low of $6.06 and a 1-year high of $37.10. The company has a market capitalization of $285.97 million, a P/E ratio of -0.84 and a beta of 3.70. The business has a 50 day moving average price of $9.49 and a 200 day moving average price of $12.74. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.91.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BYON shares. Bank of America downgraded Beyond from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $12.50 to $6.00 in a research note on Friday, October 25th. Jefferies Financial Group cut their target price on Beyond from $14.00 to $11.00 and set a “hold” rating for the company in a research note on Monday, September 23rd. Wedbush cut 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. Barclays cut their target price on Beyond from $14.00 to $8.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th. Finally, Needham & Company LLC reissued a “buy” rating and set a $13.00 target price on shares of Beyond in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $16.50.

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.