Shares of Beyond, Inc. (NYSE:BYON – Get Free Report) shot up 7.8% during trading on Friday . The company traded as high as $22.24 and last traded at $22.04. 1,230,704 shares traded hands during mid-day trading, a decline of 13% from the average session volume of 1,409,935 shares. The stock had previously closed at $20.45.
Analyst Upgrades and Downgrades
BYON has been the subject of several research analyst reports. Maxim Group began coverage on shares of Beyond in a research report on Wednesday, April 17th. They set a “buy” rating and a $50.00 price objective for the company. Wedbush reissued an “outperform” rating and set a $43.00 price objective on shares of Beyond in a report on Tuesday, April 30th. Piper Sandler dropped their target price on Beyond from $27.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Compass Point started coverage on shares of Beyond in a report on Thursday, February 1st. They set a “buy” rating and a $45.00 target price on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price target on shares of Beyond in a research report on Friday, April 12th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.
Check Out Our Latest Report on BYON
Beyond Trading Up 8.9 %
Beyond (NYSE:BYON – Get Free Report) last announced its quarterly 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 return on equity of 16.92% and a negative net margin of 19.72%. The firm had revenue of $384.46 million during the quarter, compared to the consensus estimate of $343.10 million. On average, research analysts forecast that Beyond, Inc. will post -1.85 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.
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