Piper Sandler Trims Beyond (NYSE:BYON) Target Price to $26.00

Beyond (NYSE:BYON) had its price objective decreased by equities research analysts at Piper Sandler from $27.00 to $26.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s price target indicates a potential upside of 14.09% from the stock’s current price.

Several other equities research analysts have also recently issued reports on BYON. Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of Beyond in a research report on Friday, April 12th. Barclays raised their price objective on shares of Beyond from $24.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 22nd. Compass Point assumed coverage on shares of Beyond in a research report on Thursday, February 1st. They set a “buy” rating and a $45.00 price objective for the company. Maxim Group assumed coverage on shares of Beyond in a research report on Wednesday. They set a “buy” rating and a $50.00 price target for the company. Finally, Wedbush reiterated an “outperform” rating and set a $35.00 price target (up from $33.00) on shares of Beyond in a research report on Wednesday, February 21st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $39.00.

Beyond Trading Down 1.0 %

Beyond stock opened at $22.79 on Thursday. Beyond has a 12-month low of $13.71 and a 12-month high of $39.27. The firm has a market capitalization of $1.04 billion, a PE ratio of -3.35 and a beta of 3.76. The stock’s 50-day moving average price is $30.88. 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) last released its quarterly earnings data 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 return on equity of 16.92% and a negative net margin of 19.72%. The firm had revenue of $384.46 million for the quarter, compared to analyst estimates of $343.10 million. As a group, analysts forecast that Beyond will post -1.59 EPS for the current 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.