Beyond (NYSE:BYON) Receives “Outperform” Rating from Wedbush

Wedbush restated their outperform rating on shares of Beyond (NYSE:BYON) in a report issued on Friday morning, Benzinga reports. The brokerage currently has a $43.00 target price on the stock.

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

Beyond Stock Performance

BYON stock opened at $22.79 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 1.51. Beyond has a 52 week low of $13.71 and a 52 week high of $39.27. The firm’s fifty day simple moving average is $30.88. The company has a market cap of $1.04 billion, a price-to-earnings 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) 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 for the quarter, compared to the consensus estimate of $343.10 million. As a group, analysts forecast that Beyond will post -1.59 EPS for the current 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.