Beyond (NYSE:BYON) Now Covered by Maxim Group

Equities research analysts at Maxim Group began coverage on shares of Beyond (NYSE:BYON) in a research report issued to clients and investors on Wednesday, MarketBeat reports. The brokerage set a “buy” rating and a $50.00 price target on the stock. Maxim Group’s target price would suggest a potential upside of 109.38% from the stock’s current price.

Several other equities analysts have also commented on BYON. Barclays upped their price target 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 initiated coverage on shares of Beyond in a research note on Thursday, February 1st. They set a “buy” rating and a $45.00 price target on the stock. Piper Sandler increased their price target on shares of Beyond from $26.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, February 22nd. Wedbush reaffirmed an “outperform” rating and set a $35.00 price target (up previously from $33.00) on shares of Beyond in a research note on Wednesday, February 21st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of Beyond in a research note on Friday, April 12th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Beyond has an average rating of “Moderate Buy” and a consensus target price of $37.83.

Beyond Trading Up 1.4 %

Shares of NYSE BYON traded up $0.33 during midday trading on Wednesday, reaching $23.88. 1,240,793 shares of the stock were exchanged, compared to its average volume of 1,334,096. The stock has a market capitalization of $1.09 billion, a P/E ratio of -3.51 and a beta of 3.76. Beyond has a 52-week low of $13.71 and a 52-week high of $39.27. 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 stock’s 50 day simple moving average is $30.91.

Beyond (NYSE:BYON) last issued its quarterly earnings results on Tuesday, February 20th. The company reported ($1.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.51). The firm had revenue of $384.46 million for the quarter, compared to analysts’ expectations of $343.10 million. Beyond had a negative return on equity of 16.92% and a negative net margin of 19.72%. On average, analysts forecast that Beyond will post -1.59 earnings per share 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.