Beyond (NYSE:BYON) PT Lowered to $22.00 at Barclays

Beyond (NYSE:BYON) had its price objective dropped by analysts at Barclays from $30.00 to $22.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential upside of 34.47% from the company’s current price.

Other analysts have also recently issued reports about the stock. Piper Sandler reduced their price objective on shares of Beyond from $26.00 to $17.00 and set a “neutral” rating for the company in a research note on Wednesday. Compass Point started coverage on shares of Beyond in a report on Thursday, February 1st. They set a “buy” rating and a $45.00 price target for the company. Needham & Company LLC lowered Beyond from a “buy” rating to a “hold” rating in a research note on Wednesday. Wedbush decreased their target price on Beyond from $43.00 to $37.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Maxim Group dropped their price target on Beyond from $50.00 to $36.00 and set a “buy” rating on the stock in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.83.

Beyond Price Performance

NYSE:BYON traded down $0.16 during trading hours on Wednesday, reaching $16.36. The company’s stock had a trading volume of 3,437,784 shares, compared to its average volume of 1,537,481. The company has a current ratio of 1.51, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10. The company has a market cap of $748.14 million, a P/E ratio of -2.43 and a beta of 3.92. Beyond has a one year low of $13.71 and a one year high of $39.27. The business has a 50-day moving average of $29.37.

Beyond (NYSE:BYON) last released its quarterly earnings results on Monday, May 6th. The company reported ($1.22) earnings per share (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 the consensus estimate of $389.36 million. During the same quarter last year, the company posted ($0.10) EPS. The business’s revenue was up .3% compared to the same quarter last year. On average, sell-side analysts predict that Beyond will post -1.85 EPS for the current fiscal 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.