Piper Sandler Cuts Beyond (NYSE:BYON) Price Target to $26.00

Beyond (NYSE:BYON) had its target price trimmed by Piper Sandler from $27.00 to $26.00 in a research note released on Thursday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.

BYON has been the subject of several other reports. Compass Point initiated coverage on shares of Beyond in a research note on Thursday, February 1st. They issued a buy rating and a $45.00 target price for the company. Wedbush reaffirmed an outperform rating and set a $35.00 price target (up previously from $33.00) on shares of Beyond in a report on Wednesday, February 21st. Barclays raised their price target on Beyond from $24.00 to $30.00 and gave the company an equal weight rating in a report on Thursday, February 22nd. Needham & Company LLC reaffirmed a buy rating and set a $40.00 price target on shares of Beyond in a report on Friday, April 12th. Finally, Maxim Group started coverage on Beyond in a report on Wednesday. They set a buy rating and a $50.00 price target for the company. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $39.00.

Beyond Trading Down 1.0 %

NYSE:BYON opened at $22.80 on Thursday. Beyond has a 1-year low of $13.71 and a 1-year high of $39.27. The company has a quick ratio of 1.45, a current ratio of 1.51 and a debt-to-equity ratio of 0.10. The firm has a fifty day moving average price of $30.88. The company has a market capitalization of $1.04 billion, a PE ratio of -3.35 and a beta of 3.76.

Beyond (NYSE:BYON) last released its earnings results on Tuesday, February 20th. The company reported ($1.22) earnings per share 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 firm had revenue of $384.46 million during the quarter, compared to the consensus estimate of $343.10 million. On average, equities analysts predict that Beyond will post -1.59 earnings per share for the current fiscal year.

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.