Beyond (NYSE:BYON) Given “Outperform” Rating at Wedbush

Wedbush reiterated their outperform rating on shares of Beyond (NYSE:BYON) in a research report released on Tuesday, Marketbeat.com reports. Wedbush currently has a $43.00 price objective on the stock.

Several other equities research analysts have also recently commented on BYON. Maxim Group started coverage on Beyond in a research report on Wednesday, April 17th. They set a buy rating and a $50.00 price objective on the stock. Compass Point initiated coverage on shares of Beyond in a report on Thursday, February 1st. They set a buy rating and a $45.00 price target on the stock. Barclays boosted their price objective on shares of Beyond from $24.00 to $30.00 and gave the company an equal weight rating in a report on Thursday, February 22nd. Piper Sandler lowered their price objective on shares of Beyond from $27.00 to $26.00 and set a neutral rating on the stock in a research report on Thursday, April 18th. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $40.00 target price on shares of Beyond in a research report on Friday, April 12th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $39.00.

Beyond Stock Performance

Shares of NYSE BYON opened at $20.11 on Tuesday. The business has a 50 day moving average price of $30.30. Beyond has a 52-week low of $13.71 and a 52-week high of $39.27. The company has a current ratio of 1.51, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $919.63 million, a P/E ratio of -2.96 and a beta of 3.76.

Beyond (NYSE:BYON) last released its quarterly earnings data on Tuesday, February 20th. The company reported ($1.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($0.51). Beyond had a negative net margin of 19.72% and a negative return on equity of 16.92%. The business had revenue of $384.46 million during the quarter, compared to the consensus estimate of $343.10 million. On average, analysts forecast that Beyond will post -1.85 earnings per share for the current fiscal year.

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.