Beyond (NYSE:BYON) Coverage Initiated at Maxim Group

Equities researchers at Maxim Group began coverage on shares of Beyond (NYSE:BYON) in a note issued to investors on Wednesday, Marketbeat reports. The firm set a “buy” rating and a $50.00 price target on the stock. Maxim Group’s target price would indicate a potential upside of 117.20% from the stock’s previous close.

Several other research analysts have also recently weighed in on the company. Wedbush reaffirmed an “outperform” rating and set a $35.00 price objective (up from $33.00) on shares of Beyond in a research report on Wednesday, February 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of Beyond in a research report on Friday, April 12th. Compass Point assumed coverage on Beyond in a research report on Thursday, February 1st. They set a “buy” rating and a $45.00 price objective for the company. Piper Sandler upped 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. Finally, Barclays upped their target price on Beyond from $24.00 to $30.00 and gave the stock an “equal weight” rating in a report on Thursday, February 22nd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $37.67.

Beyond Trading Down 3.5 %

NYSE:BYON opened at $23.02 on Wednesday. Beyond has a 1 year low of $13.71 and a 1 year 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. The firm has a market capitalization of $1.05 billion, a PE ratio of -3.39 and a beta of 3.76. The firm has a 50-day simple moving average of $30.92.

Beyond (NYSE:BYON) last posted its quarterly earnings data 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). The firm had revenue of $384.46 million for the quarter, compared to analyst estimates of $343.10 million. Beyond had a negative return on equity of 16.92% and a negative net margin of 19.72%. Sell-side 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.