Wedbush Reaffirms Outperform Rating for Beyond (NYSE:BYON)

Wedbush restated their outperform rating on shares of Beyond (NYSE:BYON) in a research report report published on Friday morning, Benzinga reports. They currently have a $43.00 target price on the stock.

A number of other analysts have also recently weighed in on BYON. Barclays boosted their target price on shares of Beyond from $24.00 to $30.00 and gave the stock an equal weight rating in a research note on Thursday, February 22nd. Needham & Company LLC reissued a buy rating and issued a $40.00 price objective on shares of Beyond in a research note on Friday, April 12th. Compass Point began coverage on shares of Beyond in a research note on Thursday, February 1st. They issued a buy rating and a $45.00 price objective on the stock. Maxim Group began coverage on shares of Beyond in a research note on Wednesday, April 17th. They issued a buy rating and a $50.00 price objective on the stock. Finally, Piper Sandler reduced their price objective on shares of Beyond from $27.00 to $26.00 and set a neutral rating on the stock in a research note on Thursday. Two equities research 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 has an average rating of Moderate Buy and an average price target of $39.00.

Beyond Stock Performance

NYSE BYON opened at $22.80 on Friday. The business’s fifty day moving average is $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 has a fifty-two week low of $13.71 and a fifty-two 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.

Beyond (NYSE:BYON) last posted its earnings results on Tuesday, February 20th. The company reported ($1.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.51). The company had revenue of $384.46 million for the quarter, compared to the consensus estimate of $343.10 million. Beyond had a negative return on equity of 16.92% and a negative net margin of 19.72%. As a group, sell-side analysts predict that Beyond will post -1.77 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.