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

Beyond (NYSE:BYON) had its price target lowered by equities research analysts at Maxim Group from $50.00 to $36.00 in a research note issued on Wednesday, Briefing.com reports. The brokerage presently has a “buy” rating on the stock. Maxim Group’s target price suggests a potential upside of 117.92% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. Barclays boosted their target price on Beyond from $24.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 22nd. Compass Point initiated coverage on shares of Beyond in a research report on Thursday, February 1st. They issued a “buy” rating and a $45.00 target price on the stock. Needham & Company LLC cut shares of Beyond from a “buy” rating to a “hold” rating in a research report on Wednesday. Piper Sandler dropped 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. Finally, Wedbush reissued an “outperform” rating and issued a $43.00 target price on shares of Beyond in a research report on Tuesday, April 30th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $36.67.

Beyond Price Performance

NYSE BYON opened at $16.52 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 1.51. The firm has a market cap of $755.46 million, a P/E ratio of -2.43 and a beta of 3.92. The firm has a 50-day moving average price of $29.37. Beyond has a 1-year low of $13.71 and a 1-year high of $39.27.

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 company had revenue of $382.28 million for the quarter, compared to analyst estimates of $389.36 million. During the same period in the prior year, the firm posted ($0.10) earnings per share. The business’s quarterly revenue was up .3% compared to the same quarter last year. On average, analysts anticipate 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.