Beyond, Inc. (NYSE:BYON) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Beyond, Inc. (NYSE:BYON) have received an average rating of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $39.00.

Several equities research analysts recently weighed in on BYON shares. Piper Sandler reduced their price target on shares of Beyond from $27.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Maxim Group initiated coverage on shares of Beyond in a research note on Wednesday, April 17th. They set a “buy” rating and a $50.00 price target on the stock. Wedbush reiterated an “outperform” rating and set a $43.00 price target on shares of Beyond in a research note on Friday, April 19th. Barclays lifted their price target on shares of Beyond from $24.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 22nd. Finally, Needham & Company LLC restated a “buy” rating and set a $40.00 target price on shares of Beyond in a research note on Friday, April 12th.

Beyond Stock Performance

BYON stock opened at $23.54 on Wednesday. The firm’s 50 day simple moving average is $30.80. Beyond has a 52-week low of $13.71 and a 52-week high of $39.27. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of -3.46 and a beta of 3.76. The company has a quick ratio of 1.45, a current ratio of 1.51 and a debt-to-equity ratio of 0.10.

Beyond (NYSE:BYON) last released 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). 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 analysts’ expectations of $343.10 million. As a group, sell-side analysts forecast that Beyond will post -1.77 earnings per share 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.