Beyond (NYSE:BYON) Price Target Cut to $26.00 by Analysts at Piper Sandler

Beyond (NYSE:BYON) had its price target trimmed by Piper Sandler from $27.00 to $26.00 in a research report report published on Thursday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other equities analysts also recently commented on BYON. Needham & Company LLC restated a buy rating and set a $40.00 target price on shares of Beyond in a research report on Friday, April 12th. Barclays raised their target price on Beyond from $24.00 to $30.00 and gave the stock an equal weight rating in a research report on Thursday, February 22nd. Wedbush restated an outperform rating and set a $35.00 target price (up previously from $33.00) on shares of Beyond in a research report on Wednesday, February 21st. Maxim Group started coverage on Beyond in a research report on Wednesday. They set a buy rating and a $50.00 target price for the company. Finally, Compass Point began coverage on Beyond in a research report on Thursday, February 1st. They set a buy rating and a $45.00 target price for the company. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $37.67.

Beyond Price Performance

Shares of NYSE BYON opened at $23.02 on Thursday. The company has a current ratio of 1.51, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10. The firm’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 earnings results on Tuesday, February 20th. The company reported ($1.22) earnings per share for the quarter, missing the consensus estimate of ($0.71) by ($0.51). Beyond had a negative net margin of 19.72% and a negative return on equity of 16.92%. The business had revenue of $384.46 million for the quarter, compared to the consensus estimate of $343.10 million. Equities 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.