Entropy Technologies LP Invests $289,000 in Beyond, Inc. (NYSE:BYON)

Entropy Technologies LP bought a new position in Beyond, Inc. (NYSE:BYON) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 28,692 shares of the company’s stock, valued at approximately $289,000. Entropy Technologies LP owned about 0.06% of Beyond at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. swisspartners Advisors Ltd raised its position in Beyond by 2.9% during the 3rd quarter. swisspartners Advisors Ltd now owns 226,395 shares of the company’s stock worth $2,282,000 after buying an additional 6,280 shares during the last quarter. Gladstone Institutional Advisory LLC raised its holdings in shares of Beyond by 36.5% during the third quarter. Gladstone Institutional Advisory LLC now owns 72,414 shares of the company’s stock worth $730,000 after purchasing an additional 19,350 shares during the last quarter. Semanteon Capital Management LP lifted its position in Beyond by 76.2% during the third quarter. Semanteon Capital Management LP now owns 113,959 shares of the company’s stock valued at $1,149,000 after purchasing an additional 49,300 shares during the period. SRN Advisors LLC boosted its holdings in Beyond by 48.6% in the third quarter. SRN Advisors LLC now owns 121,001 shares of the company’s stock valued at $1,220,000 after purchasing an additional 39,596 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Beyond during the 3rd quarter worth about $2,035,000. Institutional investors and hedge funds own 76.30% of the company’s stock.

Beyond Stock Down 1.5 %

BYON stock opened at $6.09 on Friday. Beyond, Inc. has a 52 week low of $5.95 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. The firm has a 50-day simple moving average of $9.00 and a 200-day simple moving average of $12.04. The stock has a market capitalization of $280.44 million, a P/E ratio of -0.82 and a beta of 3.70.

Analyst Upgrades and Downgrades

BYON has been the subject of several analyst reports. 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 lowered their price objective on Beyond from $14.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. Maxim Group cut their target price on shares of Beyond from $33.00 to $26.00 and set a “buy” rating for the company in a report on Friday, October 25th. Bank of America downgraded shares of Beyond from a “neutral” rating to an “underperform” rating and lowered their price target for the stock from $12.50 to $6.00 in a report on Friday, October 25th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $13.00 price objective on shares of Beyond in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, Beyond has an average rating of “Hold” and a consensus target price of $16.50.

Insider Buying and Selling

In other news, Chairman Marcus Lemonis acquired 156,985 shares of the firm’s stock in a transaction on Sunday, October 27th. The shares were bought 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 of the company’s stock, valued at approximately $2,328,426.10. This trade represents a 75.28 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 1.20% of the stock is currently owned by insiders.

About Beyond

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.