Beyond's (BYON) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Beyond (NYSE:BYON - Free Report) in a research note published on Friday morning, Benzinga reports. They currently have a $40.00 target price on the stock.

Several other brokerages have also recently issued reports on BYON. Compass Point assumed coverage on Beyond in a research report on Thursday, February 1st. They set a buy rating and a $45.00 target price on the stock. Piper Sandler boosted their price objective on Beyond from $26.00 to $27.00 and gave the stock a neutral rating in a research report on Thursday, February 22nd. Barclays boosted their price objective on Beyond from $24.00 to $30.00 and gave the stock an equal weight rating in a research report on Thursday, February 22nd. Finally, Wedbush reissued an outperform rating and issued a $35.00 price objective (up previously from $33.00) on shares of Beyond in a research report on Wednesday, February 21st. Two investment 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 company presently has a consensus rating of Moderate Buy and an average target price of $35.40.

Beyond Stock Performance

Shares of NYSE BYON traded down $1.00 during midday trading on Friday, hitting $26.39. 1,724,962 shares of the stock traded hands, compared to its average volume of 1,318,342. The company has a market capitalization of $1.21 billion, a P/E ratio of -4.03 and a beta of 3.76. The company has a current ratio of 1.51, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10. Beyond has a one year low of $13.71 and a one year high of $39.27. The company's 50 day moving average is $30.75.

Beyond (NYSE:BYON - Get Free Report) last announced its earnings results on Tuesday, February 20th. The company reported ($1.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($0.51). The company 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%. As a group, equities research analysts forecast that Beyond will post -1.59 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.