Beyond (NYSE:BYON) Given Outperform Rating at Wedbush

Beyond (NYSE:BYON)‘s stock had its “outperform” rating restated by equities researchers at Wedbush in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $43.00 price target on the stock. Wedbush’s price objective would indicate a potential upside of 108.33% from the company’s current price.

Several other equities research analysts also recently issued reports on BYON. Compass Point began coverage on shares of Beyond in a research report on Thursday, February 1st. They set a “buy” rating and a $45.00 price objective for the company. Piper Sandler lowered their price objective on shares of Beyond from $27.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Maxim Group began coverage on shares of Beyond in a research report on Wednesday, April 17th. They set a “buy” rating and a $50.00 price objective for the company. Needham & Company LLC reissued a “buy” rating and set a $40.00 price objective on shares of Beyond in a research report on Friday, April 12th. Finally, Barclays increased their price objective on shares of Beyond from $24.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 22nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Beyond has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

Beyond Stock Performance

Shares of NYSE:BYON opened at $20.64 on Tuesday. Beyond has a 52 week low of $13.71 and a 52 week high of $39.27. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.51 and a quick ratio of 1.45. The company has a market capitalization of $943.87 million, a P/E ratio of -3.04 and a beta of 3.76. The firm has a 50 day moving average price of $30.44.

Beyond (NYSE:BYON) last issued 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 firm had revenue of $384.46 million during the quarter, compared to the consensus estimate of $343.10 million. On average, sell-side analysts forecast that Beyond will post -1.85 earnings per share 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.