Beyond (NYSE:BYON) PT Lowered to $37.00

Beyond (NYSE:BYON) had its price objective cut by Wedbush from $43.00 to $37.00 in a report released on Wednesday, Marketbeat.com reports. They currently have an outperform rating on the stock.

Several other analysts have also weighed in on BYON. Compass Point assumed coverage on Beyond in a report on Thursday, February 1st. They set a buy rating and a $45.00 price objective on the stock. Piper Sandler decreased their price objective on Beyond from $27.00 to $26.00 and set a neutral rating on the stock in a report on Thursday, April 18th. Maxim Group decreased their price objective on Beyond from $50.00 to $36.00 and set a buy rating on the stock in a report on Wednesday. Needham & Company LLC lowered Beyond from a buy rating to a hold rating in a research note on Wednesday. Finally, Barclays boosted their price target on Beyond from $24.00 to $30.00 and gave the company an equal weight rating in a research note on Thursday, February 22nd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $32.83.

Beyond Price Performance

Shares of NYSE BYON traded up $1.14 during trading hours on Wednesday, hitting $17.47. 2,752,360 shares of the company’s stock were exchanged, compared to its average volume of 1,567,473. Beyond has a 1-year low of $13.71 and a 1-year 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 stock has a market cap of $798.96 million, a PE ratio of -2.13 and a beta of 3.92. The firm has a 50-day moving average of $29.37.

Beyond (NYSE:BYON) last announced its quarterly earnings data on Monday, May 6th. The company reported ($1.22) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $382.28 million during the quarter, compared to the consensus estimate of $389.36 million. During the same quarter in the prior year, the business posted ($0.10) EPS. Beyond’s revenue was up .3% compared to the same quarter last year. On average, research analysts expect that Beyond will post -1.85 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.