Beyond (NYSE:BYON) Given New $26.00 Price Target at Piper Sandler

Beyond (NYSE:BYON) had its target price dropped by investment analysts at Piper Sandler from $27.00 to $26.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler’s price objective indicates a potential upside of 9.84% from the stock’s current price.

Several other research analysts also recently issued reports on BYON. Barclays upped 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. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of Beyond in a report on Friday, April 12th. Maxim Group started coverage on Beyond in a research note on Wednesday. They issued a “buy” rating and a $50.00 price target on the stock. Compass Point started coverage on Beyond in a research note on Thursday, February 1st. They issued a “buy” rating and a $45.00 price target on the stock. Finally, Wedbush reissued an “outperform” rating and issued a $35.00 price target (up previously from $33.00) on shares of Beyond in a research note on Wednesday, February 21st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $37.67.

Beyond Stock Performance

Shares of BYON stock traded down $0.19 during trading hours on Thursday, hitting $23.67. The company had a trading volume of 162,131 shares, compared to its average volume of 1,328,278. Beyond has a 12 month low of $13.71 and a 12 month high of $39.27. The company has a market cap of $1.08 billion, a price-to-earnings ratio of -3.44 and a beta of 3.76. The stock’s fifty day moving average is $30.93. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.51 and a quick ratio of 1.45.

Beyond (NYSE:BYON) last released its quarterly earnings results on Tuesday, February 20th. The company reported ($1.22) EPS 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 business had revenue of $384.46 million for the quarter, compared to the consensus estimate of $343.10 million. On average, sell-side analysts expect that Beyond will post -1.59 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.