Piper Sandler Trims Beyond (NYSE:BYON) Target Price to $17.00

Beyond (NYSE:BYON) had its price objective cut by investment analysts at Piper Sandler from $26.00 to $17.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s target price points to a potential upside of 5.33% from the company’s previous close.

A number of other research analysts have also recently commented on BYON. Compass Point initiated coverage on shares of Beyond in a research report on Thursday, February 1st. They set a “buy” rating and a $45.00 price target on the stock. Barclays increased their price target on shares of Beyond from $24.00 to $30.00 and gave the company an “equal weight” rating in a research report on Thursday, February 22nd. Maxim Group reduced their price target on shares of Beyond from $50.00 to $36.00 and set a “buy” rating on the stock in a research report on Wednesday. Wedbush cut their target price on shares of Beyond from $43.00 to $37.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Needham & Company LLC cut shares of Beyond from a “buy” rating to a “hold” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Beyond currently has an average rating of “Moderate Buy” and a consensus target price of $34.17.

Beyond Stock Performance

BYON traded down $0.38 on Wednesday, reaching $16.14. The company had a trading volume of 2,553,474 shares, compared to its average volume of 1,527,912. The business has a 50 day moving average of $29.37. The stock has a market capitalization of $738.08 million, a P/E ratio of -2.36 and a beta of 3.92. 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 has a 52-week low of $13.71 and a 52-week high of $39.27.

Beyond (NYSE:BYON) last announced its earnings results on Monday, May 6th. The company reported ($1.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.30). Beyond had a negative net margin of 19.72% and a negative return on equity of 16.92%. The company had revenue of $382.28 million during the quarter, compared to analysts’ expectations of $389.36 million. During the same period in the prior year, the business earned ($0.10) earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. As a group, equities research analysts predict that Beyond will post -1.85 EPS for the current fiscal 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.