Beyond, Inc. (NYSE:BYON) Position Lifted by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC raised its stake in shares of Beyond, Inc. (NYSE:BYON) by 29.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 93,514 shares of the company’s stock after acquiring an additional 21,100 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Beyond were worth $461,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its stake in Beyond by 8.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,818 shares of the company’s stock valued at $233,000 after acquiring an additional 1,348 shares during the last quarter. Fortis Group Advisors LLC raised its holdings in shares of Beyond by 14.4% during the third quarter. Fortis Group Advisors LLC now owns 13,689 shares of the company’s stock worth $138,000 after purchasing an additional 1,724 shares during the period. Franklin Resources Inc. raised its holdings in shares of Beyond by 12.8% during the third quarter. Franklin Resources Inc. now owns 21,299 shares of the company’s stock worth $217,000 after purchasing an additional 2,411 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Beyond by 25.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,127 shares of the company’s stock worth $152,000 after purchasing an additional 3,059 shares during the period. Finally, Dupree Financial Group LLC raised its holdings in shares of Beyond by 4.6% during the fourth quarter. Dupree Financial Group LLC now owns 94,149 shares of the company’s stock worth $464,000 after purchasing an additional 4,107 shares during the period. 76.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wedbush reissued an “outperform” rating and set a $15.00 target price on shares of Beyond in a report on Wednesday, February 5th. Barclays dropped their target price on shares of Beyond from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Thursday, January 9th. Maxim Group dropped their target price on shares of Beyond from $33.00 to $26.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Bank of America cut shares of Beyond from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $12.50 to $6.00 in a report on Friday, October 25th. Finally, Argus cut shares of Beyond from a “hold” rating to a “sell” rating in a report on Wednesday, December 18th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Beyond has an average rating of “Hold” and a consensus price target of $12.29.

Beyond Stock Performance

Shares of BYON opened at $8.84 on Friday. The firm has a 50-day moving average price of $6.40 and a 200 day moving average price of $8.11. The firm has a market capitalization of $406.82 million, a PE ratio of -1.20 and a beta of 3.81. 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 $4.45 and a 52-week high of $37.10.

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.