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

Shares of Beyond, Inc. (NYSE:BYON) have earned a consensus rating of “Moderate Buy” from the five brokerages that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $35.40.

BYON has been the subject of a number of research reports. Compass Point initiated coverage on shares of Beyond in a report on Thursday, February 1st. They issued a “buy” rating and a $45.00 price target for the company. Barclays increased their price target on shares of Beyond from $24.00 to $30.00 and gave the company an “equal weight” rating in a report on Thursday, February 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of Beyond in a report on Friday, April 12th. Wedbush reaffirmed an “outperform” rating and set a $35.00 price objective (up from $33.00) on shares of Beyond in a report on Wednesday, February 21st. Finally, Piper Sandler raised their price objective on shares of Beyond from $26.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday, February 22nd.

Beyond Price Performance

NYSE:BYON traded up $0.31 during midday trading on Wednesday, reaching $23.86. The stock had a trading volume of 1,918,509 shares, compared to its average volume of 1,336,250. Beyond has a 1-year low of $13.71 and a 1-year high of $39.27. The business has a fifty day moving average price of $30.91. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.51 and a quick ratio of 1.45. The firm has a market capitalization of $1.09 billion, a PE ratio of -3.49 and a beta of 3.76.

Beyond (NYSE:BYON) last posted its earnings results on Tuesday, February 20th. The company reported ($1.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $384.46 million during the quarter, compared to analyst estimates of $343.10 million. On average, equities research analysts anticipate that Beyond will post -1.59 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.