Wedbush Reaffirms “Outperform” Rating for Beyond (NYSE:BYON)

Beyond (NYSE:BYON)‘s stock had its “outperform” rating reiterated by analysts at Wedbush in a note issued to investors on Friday, Benzinga reports. They currently have a $43.00 price objective on the stock. Wedbush’s target price suggests a potential upside of 83.60% from the stock’s current price.

BYON has been the topic of several other reports. Piper Sandler dropped their price target on Beyond from $27.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday. Needham & Company LLC restated a “buy” rating and set a $40.00 price target on shares of Beyond in a research report on Friday, April 12th. Maxim Group initiated coverage on Beyond in a research report on Wednesday. They set a “buy” rating and a $50.00 price target on the stock. Compass Point began coverage on Beyond in a research report on Thursday, February 1st. They set a “buy” rating and a $45.00 price target on the stock. Finally, Barclays boosted their target price on Beyond from $24.00 to $30.00 and gave the stock an “equal weight” rating in a report on Thursday, February 22nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $39.00.

Beyond Stock Performance

NYSE BYON traded up $0.40 during trading hours on Friday, hitting $23.42. The company had a trading volume of 155,510 shares, compared to its average volume of 1,332,318. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of -3.36 and a beta of 3.76. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.51 and a quick ratio of 1.45. The company’s 50 day moving average is $30.92. Beyond has a 52 week low of $13.71 and a 52 week high of $39.27.

Beyond (NYSE:BYON) last announced its quarterly earnings data 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). The firm had revenue of $384.46 million for the quarter, compared to analysts’ expectations of $343.10 million. Beyond had a negative net margin of 19.72% and a negative return on equity of 16.92%. On average, research analysts forecast 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.