Needham & Company LLC Downgrades Beyond (NYSE:BYON) to Hold

Beyond (NYSE:BYON - Get Free Report) was downgraded by analysts at Needham & Company LLC from a "buy" rating to a "hold" rating in a report issued on Wednesday, Marketbeat.com reports.

A number of other analysts have also commented on BYON. Piper Sandler decreased their price target on shares of Beyond from $27.00 to $26.00 and set a "neutral" rating for the company in a research note on Thursday, April 18th. Barclays raised 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. Wedbush reaffirmed an "outperform" rating and set a $43.00 target price on shares of Beyond in a research report on Tuesday, April 30th. Maxim Group initiated coverage on Beyond in a research report on Wednesday, April 17th. They issued a "buy" rating and a $50.00 price target for the company. Finally, Compass Point initiated coverage on shares of Beyond in a report on Thursday, February 1st. They set a "buy" rating and a $45.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.83.

Beyond Stock Down 1.2 %

BYON traded down $0.20 during trading on Wednesday, hitting $16.33. The company's stock had a trading volume of 4,767,489 shares, compared to its average volume of 1,554,156. The stock has a market capitalization of $746.54 million, a price-to-earnings ratio of -2.40 and a beta of 3.92. Beyond has a twelve month low of $13.71 and a twelve month high of $39.27. The business's fifty day simple moving average is $29.37. 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 - Get Free Report) last issued its earnings results 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 net margin of 19.72% and a negative return on equity of 16.92%. The firm had revenue of $382.28 million during the quarter, compared to the consensus estimate of $389.36 million. During the same period in the previous year, the firm earned ($0.10) earnings per share. The business's quarterly revenue was up .3% on a year-over-year basis. Equities research analysts expect 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.