Beyond (NYSE:BYON) Price Target Cut to $22.00 by Analysts at Barclays

Beyond (NYSE:BYON - Free Report) had its price objective lowered by Barclays from $30.00 to $22.00 in a research report released on Wednesday morning, Benzinga reports. The firm currently has an equal weight rating on the stock.

BYON has been the topic of several other research reports. Maxim Group dropped their price objective on Beyond from $50.00 to $36.00 and set a buy rating on the stock in a report on Wednesday. Compass Point started coverage on Beyond in a research note on Thursday, February 1st. They set a buy rating and a $45.00 price target on the stock. Wedbush reduced their price objective on Beyond from $43.00 to $37.00 and set an outperform rating for the company in a research note on Wednesday. Needham & Company LLC lowered shares of Beyond from a buy rating to a hold rating in a research report on Wednesday. Finally, Piper Sandler reduced their price target on shares of Beyond from $26.00 to $17.00 and set a neutral rating for the company in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $32.83.

Beyond Stock Down 1.2 %

BYON traded down $0.20 on Wednesday, reaching $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 company has a market capitalization of $746.54 million, a P/E ratio of -2.40 and a beta of 3.92. Beyond has a fifty-two week low of $13.71 and a fifty-two week high of $39.27. The company has a quick ratio of 1.45, a current ratio of 1.51 and a debt-to-equity ratio of 0.10. The business has a 50 day simple moving average of $29.37.

Beyond (NYSE:BYON - Get Free Report) last issued its quarterly earnings data on Monday, May 6th. The company reported ($1.22) earnings per share for the quarter, missing the consensus estimate of ($0.92) by ($0.30). The company had revenue of $382.28 million for the quarter, compared to analysts' expectations of $389.36 million. Beyond had a negative return on equity of 16.92% and a negative net margin of 19.72%. The firm's quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.10) EPS. As a group, analysts anticipate that Beyond will post -1.85 earnings per share 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.