Cypress Capital Management LLC WY Trims Stake in Beyond, Inc. (NYSE:BYON)

Cypress Capital Management LLC WY lessened its position in shares of Beyond, Inc. (NYSE:BYON) by 36.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 44,335 shares of the company’s stock after selling 25,414 shares during the quarter. Cypress Capital Management LLC WY owned about 0.10% of Beyond worth $219,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in Beyond during the 4th quarter worth $32,000. Refined Wealth Management boosted its stake in shares of Beyond by 14.8% during the fourth quarter. Refined Wealth Management now owns 401,095 shares of the company’s stock worth $1,977,000 after buying an additional 51,763 shares during the period. SG Americas Securities LLC purchased a new position in shares of Beyond during the fourth quarter worth about $67,000. ARS Investment Partners LLC increased its position in Beyond by 62.2% in the 4th quarter. ARS Investment Partners LLC now owns 106,873 shares of the company’s stock valued at $527,000 after acquiring an additional 41,000 shares during the period. Finally, O Keefe Stevens Advisory Inc. raised its stake in Beyond by 53.9% during the 4th quarter. O Keefe Stevens Advisory Inc. now owns 30,009 shares of the company’s stock valued at $148,000 after acquiring an additional 10,505 shares during the last quarter. Institutional investors and hedge funds own 76.30% of the company’s stock.

Beyond Stock Up 14.2 %

BYON stock opened at $8.32 on Friday. 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’s 50 day simple moving average is $5.84 and its 200-day simple moving average is $8.46. Beyond, Inc. has a 12 month low of $4.45 and a 12 month high of $37.10.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BYON shares. Wedbush lowered their target price on Beyond from $25.00 to $15.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. 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. Piper Sandler cut their price target on shares of Beyond from $14.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Barclays reduced their target price on Beyond from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Thursday, January 9th. Finally, Maxim Group dropped 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. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $16.38.

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.