Meixler Investment Management Ltd. Has $342,000 Stake in Beyond, Inc. (NYSE:BYON)

Meixler Investment Management Ltd. reduced its holdings in Beyond, Inc. (NYSE:BYON) by 7.4% during the 3rd quarter, Holdings Channel reports. The fund owned 33,880 shares of the company’s stock after selling 2,695 shares during the quarter. Meixler Investment Management Ltd.’s holdings in Beyond were worth $342,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of BYON. Tidal Investments LLC bought a new position in Beyond in the 1st quarter valued at $33,599,000. Dimensional Fund Advisors LP bought a new position in shares of Beyond in the second quarter valued at about $9,538,000. Refined Wealth Management acquired a new position in Beyond during the 2nd quarter worth about $4,201,000. ProShare Advisors LLC bought a new stake in Beyond during the 2nd quarter worth about $3,800,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Beyond in the 1st quarter valued at about $8,956,000. 76.30% of the stock is currently owned by institutional investors.

Beyond Trading Up 3.1 %

Shares of NYSE BYON opened at $6.41 on Monday. 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 twelve month low of $6.06 and a twelve month high of $37.10. The company’s fifty day moving average is $9.35 and its 200-day moving average is $12.43. The stock has a market cap of $295.18 million, a price-to-earnings ratio of -0.87 and a beta of 3.70.

Wall Street Analysts Forecast Growth

BYON has been the subject of several research reports. Barclays lowered 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. Piper Sandler lowered their price objective on Beyond from $14.00 to $8.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Wedbush cut their target price on shares of Beyond from $25.00 to $15.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Jefferies Financial Group reduced their target price on shares of Beyond from $14.00 to $11.00 and set a “hold” rating on the stock in a research note on Monday, September 23rd. Finally, Bank of America downgraded shares of Beyond from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $12.50 to $6.00 in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $16.50.

Insider Buying and Selling at Beyond

In other news, Director William Benjamin Nettles, Jr. sold 10,412 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $9.35, for a total transaction of $97,352.20. Following the completion of the transaction, the director now directly owns 11,368 shares in the company, valued at $106,290.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Beyond news, Director William Benjamin Nettles, Jr. sold 10,412 shares of the business’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 transaction of $97,352.20. Following the transaction, the director now owns 11,368 shares of the company’s stock, valued at $106,290.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Marcus Lemonis acquired 156,985 shares of the business’s stock in a transaction dated Sunday, October 27th. The stock was bought at an average cost of $6.37 per share, with a total value of $999,994.45. Following the acquisition, the chairman now owns 365,530 shares in the company, valued at $2,328,426.10. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.20% of the company’s stock.

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.