Wedbush Reiterates "Outperform" Rating for Beyond (NYSE:BYON)

Beyond (NYSE:BYON - Get Free Report)'s stock had its "outperform" rating reiterated by Wedbush in a report issued on Friday, Benzinga reports. They presently have a $43.00 price objective on the stock. Wedbush's price target suggests a potential upside of 88.68% from the stock's current price.

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

Beyond Stock Performance

Shares of NYSE BYON traded down $0.23 during midday trading on Friday, reaching $22.79. The company's stock had a trading volume of 1,403,272 shares, compared to its average volume of 1,349,292. The firm has a market cap of $1.04 billion, a P/E ratio of -3.44 and a beta of 3.76. The stock's 50 day moving average price is $30.92. Beyond has a fifty-two week low of $13.71 and a fifty-two week high of $39.27. 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 (NYSE:BYON - Get Free Report) last posted 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 analyst estimates of $343.10 million. Sell-side analysts forecast that Beyond will post -1.59 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.