Maxim Group Trims Beyond (NYSE:BYON) Target Price to $36.00

Beyond (NYSE:BYON) had its target price lowered by Maxim Group from $50.00 to $36.00 in a research report released on Wednesday morning, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.

A number of other research firms have also recently weighed in on BYON. Compass Point began coverage on Beyond in a report on Thursday, February 1st. They issued a buy rating and a $45.00 price target for the company. Piper Sandler decreased their price target 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. Barclays lifted their price objective on Beyond from $24.00 to $30.00 and gave the stock an equal weight rating in a report on Thursday, February 22nd. Wedbush reissued an outperform rating and set a $43.00 target price on shares of Beyond in a report on Tuesday, April 30th. Finally, Needham & Company LLC cut Beyond from a buy rating to a hold rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of $32.83.

Beyond Stock Performance

NYSE:BYON opened at $16.33 on Wednesday. The firm has a fifty day simple moving average of $29.37. The stock has a market capitalization of $746.54 million, a price-to-earnings ratio of -2.40 and a beta of 3.92. Beyond has a one year low of $13.71 and a one year high of $39.27. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 1.51.

Beyond (NYSE:BYON) last posted its 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 business earned ($0.10) earnings per share. The firm’s revenue was up .3% on a year-over-year basis. As a group, equities research analysts predict that Beyond will post -1.85 earnings per share 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.