Dynamic Technology Lab Private Ltd Takes $378,000 Position in Beyond, Inc. (NYSE:BYON)

Dynamic Technology Lab Private Ltd acquired a new stake in Beyond, Inc. (NYSE:BYON) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 37,540 shares of the company’s stock, valued at approximately $378,000. Dynamic Technology Lab Private Ltd owned 0.08% of Beyond at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BYON. CANADA LIFE ASSURANCE Co purchased a new stake in Beyond during the first quarter worth about $157,000. Lazard Asset Management LLC purchased a new stake in Beyond during the 1st quarter worth approximately $70,000. Price T Rowe Associates Inc. MD acquired a new stake in Beyond during the 1st quarter worth approximately $795,000. Public Employees Retirement System of Ohio purchased a new position in Beyond in the 1st quarter valued at approximately $66,000. Finally, Janus Henderson Group PLC acquired a new position in shares of Beyond in the first quarter worth $702,000. 76.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. 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 note on Friday, October 25th. Needham & Company LLC reaffirmed a “buy” rating and issued a $13.00 price target on shares of Beyond in a research report on Wednesday, October 23rd. Barclays lowered their price objective on Beyond from $14.00 to $8.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. Wedbush reduced their target price on shares of Beyond from $25.00 to $15.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Jefferies Financial Group lowered their price target on shares of Beyond from $14.00 to $11.00 and set a “hold” rating for the company in a report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $16.50.

Insider Activity at Beyond

In other news, Chairman Marcus Lemonis purchased 156,985 shares of the business’s stock in a transaction on Sunday, October 27th. The shares were bought at an average price of $6.37 per share, with a total value of $999,994.45. Following the completion of the transaction, the chairman now directly owns 365,530 shares in the company, valued at approximately $2,328,426.10. This represents a 75.28 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.20% of the stock is owned by corporate insiders.

Beyond Stock Up 3.6 %

Shares of NYSE:BYON opened at $6.29 on Friday. The firm has a 50 day simple moving average of $8.02 and a 200-day simple moving average of $11.07. Beyond, Inc. has a twelve month low of $5.57 and a twelve month high of $37.10. The company has a current ratio of 0.97, a quick ratio of 0.91 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $289.63 million, a PE ratio of -0.85 and a beta of 3.70.

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.