Beyond’s (BYON) “Outperform” Rating Reiterated at Wedbush

Wedbush reaffirmed their outperform rating on shares of Beyond (NYSE:BYON) in a report published on Friday morning, Benzinga reports. The firm currently has a $43.00 price objective on the stock.

A number of other equities analysts have also weighed in on BYON. Compass Point started coverage on shares of Beyond in a research report on Thursday, February 1st. They set a buy rating and a $45.00 target price for the company. Needham & Company LLC reissued a buy rating and issued a $40.00 target price on shares of Beyond in a research note on Friday, April 12th. Barclays increased their target price on shares of Beyond from $24.00 to $30.00 and gave the company an equal weight rating in a research note on Thursday, February 22nd. Piper Sandler reduced 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. Finally, Maxim Group initiated coverage on shares of Beyond in a research note on Wednesday. They issued a buy rating and a $50.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $39.00.

Beyond Price Performance

BYON opened at $22.79 on Friday. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of -3.35 and a beta of 3.76. Beyond has a 1-year low of $13.71 and a 1-year high of $39.27. The stock has a 50 day moving average price of $30.88. The company has a current ratio of 1.51, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10.

Beyond (NYSE:BYON) last issued its earnings results on Tuesday, February 20th. The company reported ($1.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.51). Beyond had a negative return on equity of 16.92% and a negative net margin of 19.72%. The company had revenue of $384.46 million for the quarter, compared to the consensus estimate of $343.10 million. Equities analysts anticipate that Beyond will post -1.59 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.