Cypress Capital Management LLC WY Decreases Stock Position in Beyond, Inc. (NYSE:BYON)

Cypress Capital Management LLC WY reduced its position in shares of Beyond, Inc. (NYSE:BYON) by 36.4% during the fourth quarter, HoldingsChannel reports. The firm owned 44,335 shares of the company’s stock after selling 25,414 shares during the quarter. Cypress Capital Management LLC WY’s holdings in Beyond were worth $219,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. R Squared Ltd purchased a new stake in Beyond during the 4th quarter worth approximately $32,000. Sunbelt Securities Inc. acquired a new stake in shares of Beyond during the second quarter worth approximately $47,000. SG Americas Securities LLC bought a new stake in shares of Beyond in the fourth quarter worth $67,000. Safe Harbor Fiduciary LLC acquired a new stake in Beyond in the third quarter valued at $80,000. Finally, Tobam boosted its stake in Beyond by 78.8% during the 3rd quarter. Tobam now owns 10,648 shares of the company’s stock valued at $107,000 after acquiring an additional 4,693 shares during the last quarter. 76.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BYON. Barclays dropped their target price on shares of Beyond from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Thursday, January 9th. Bank of America lowered Beyond from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $12.50 to $6.00 in a report on Friday, October 25th. Piper Sandler cut their price objective on Beyond from $14.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Maxim Group decreased their target price on Beyond from $33.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, Needham & Company LLC reissued a “buy” rating and set a $13.00 price target on shares of Beyond in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Beyond presently has an average rating of “Hold” and an average target price of $16.38.

Beyond Stock Performance

Shares of NYSE BYON opened at $8.32 on Friday. The stock’s 50 day simple moving average is $5.84 and its 200 day simple moving average is $8.46. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.91. Beyond, Inc. has a 12-month low of $4.45 and a 12-month high of $37.10.

Beyond 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.