O Keefe Stevens Advisory Inc. Acquires 10,505 Shares of Beyond, Inc. (NYSE:BYON)

O Keefe Stevens Advisory Inc. grew its holdings in shares of Beyond, Inc. (NYSE:BYON) by 53.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 30,009 shares of the company’s stock after purchasing an additional 10,505 shares during the period. O Keefe Stevens Advisory Inc.’s holdings in Beyond were worth $148,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of BYON. The Manufacturers Life Insurance Company lifted its stake in shares of Beyond by 8.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,818 shares of the company’s stock valued at $233,000 after purchasing an additional 1,348 shares during the period. Fortis Group Advisors LLC increased its holdings in Beyond by 14.4% in 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 in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Beyond by 12.8% during the 3rd quarter. Franklin Resources Inc. now owns 21,299 shares of the company’s stock worth $217,000 after buying an additional 2,411 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Beyond by 25.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,127 shares of the company’s stock worth $152,000 after buying an additional 3,059 shares during the period. Finally, Hollencrest Capital Management bought a new stake in shares of Beyond in the 2nd quarter valued at $46,000. Institutional investors own 76.30% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman Marcus Lemonis acquired 156,985 shares of the stock in a transaction dated 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 completion of the purchase, the chairman now owns 365,530 shares in the company, valued at approximately $2,328,426.10. The trade was a 75.28 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is owned by insiders.

Beyond Stock Down 4.5 %

NYSE BYON opened at $5.88 on Friday. The company has a fifty day moving average of $5.73 and a 200-day moving average of $8.82. Beyond, Inc. has a 52-week low of $4.45 and a 52-week high of $37.10. The company has a quick ratio of 0.91, a current ratio of 0.97 and a debt-to-equity ratio of 0.17.

Analysts Set New Price Targets

BYON has been the subject of a number of research reports. Needham & Company LLC restated a “buy” rating and issued a $13.00 price target on shares of Beyond in a report on Wednesday, October 23rd. Bank of America cut shares of Beyond from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $12.50 to $6.00 in a report on Friday, October 25th. Jefferies Financial Group decreased their price objective on Beyond from $14.00 to $11.00 and set a “hold” rating for the company in a report on Monday, September 23rd. Barclays cut their target price on Beyond from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 9th. Finally, Wedbush reduced their target price on shares of Beyond from $25.00 to $15.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $16.38.

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.