Beyond’s (BYON) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Beyond (NYSE:BYON) in a report issued on Friday morning, Benzinga reports. The brokerage currently has a $40.00 price target on the stock.

A number of other research firms also recently issued reports on BYON. Piper Sandler increased their target price on shares of Beyond from $26.00 to $27.00 and gave the stock a neutral rating in a research report on Thursday, February 22nd. Barclays raised their target price on shares of Beyond from $24.00 to $30.00 and gave the company an equal weight rating in a research note on Thursday, February 22nd. Wedbush reaffirmed an outperform rating and set a $35.00 price target (up from $33.00) on shares of Beyond in a research report on Wednesday, February 21st. Finally, Compass Point started coverage on Beyond in a research report on Thursday, February 1st. They issued a buy rating and a $45.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Beyond presently has an average rating of Moderate Buy and a consensus price target of $35.40.

Beyond Trading Down 6.5 %

Shares of BYON stock opened at $24.68 on Friday. 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 market cap of $1.13 billion, a P/E ratio of -3.63 and a beta of 3.76. The company has a 50-day moving average price of $30.88. Beyond has a twelve month low of $13.71 and a twelve month high of $39.27.

Beyond (NYSE:BYON) last announced its quarterly 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 during the quarter, compared to analyst estimates of $343.10 million. Beyond had a negative net margin of 19.72% and a negative return on equity of 16.92%. As a group, research analysts predict that Beyond will post -1.59 earnings per share for the current 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.