Beyond (NYSE:BYON – Get Free Report) was downgraded by equities researchers at Needham & Company LLC from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, Marketbeat Ratings reports.
Several other equities research analysts have also commented on the company. Barclays upped their price target on Beyond from $24.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 22nd. Wedbush reaffirmed an “outperform” rating and set a $43.00 price target on shares of Beyond in a research report on Tuesday, April 30th. Piper Sandler cut their target price on shares of Beyond from $27.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, April 18th. Maxim Group started coverage on shares of Beyond in a research report on Wednesday, April 17th. They set a “buy” rating and a $50.00 price target for the company. Finally, Compass Point began coverage on Beyond in a research note on Thursday, February 1st. They set a “buy” rating and a $45.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $36.67.
Check Out Our Latest Report on Beyond
Beyond Price Performance
Beyond (NYSE:BYON – Get Free Report) last issued its quarterly earnings results on Monday, May 6th. The company reported ($1.22) EPS for the quarter, missing the consensus estimate of ($0.92) by ($0.30). Beyond had a negative return on equity of 16.92% and a negative net margin of 19.72%. The company had revenue of $382.28 million for the quarter, compared to analyst estimates of $389.36 million. During the same period last year, the company posted ($0.10) EPS. The business’s revenue for the quarter was up .3% on a year-over-year basis. As a group, equities research analysts anticipate that Beyond will post -1.85 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.
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