Beyond (NYSE:BYON) Price Target Lowered to $17.00 at Piper Sandler

Beyond (NYSE:BYON) had its target price lowered by equities research analysts at Piper Sandler from $26.00 to $17.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s target price would suggest a potential downside of 2.63% from the company’s current price.

BYON has been the topic of a number of other reports. Compass Point started coverage on Beyond in a report on Thursday, February 1st. They set a “buy” rating and a $45.00 target price on the stock. Needham & Company LLC downgraded shares of Beyond from a “buy” rating to a “hold” rating in a report on Wednesday. Barclays raised their target price on shares of Beyond from $24.00 to $30.00 and gave the stock an “equal weight” rating in a report on Thursday, February 22nd. Wedbush cut their price objective on Beyond from $43.00 to $37.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Maxim Group cut their target price on Beyond from $50.00 to $36.00 and set a “buy” rating on the stock in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $32.83.

Beyond Stock Performance

Shares of BYON opened at $17.46 on Wednesday. The firm has a market capitalization of $798.50 million, a price-to-earnings ratio of -2.14 and a beta of 3.92. The company’s fifty day simple moving average is $28.74. Beyond has a one year low of $13.71 and a one year 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.

Beyond (NYSE:BYON) last issued its quarterly earnings results on Monday, May 6th. The company reported ($1.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.30). Beyond had a negative return on equity of 16.92% and a negative net margin of 19.72%. The company had revenue of $382.28 million during the quarter, compared to analyst estimates of $389.36 million. During the same period in the prior year, the company posted ($0.10) earnings per share. The company’s revenue was up .3% on a year-over-year basis. Analysts forecast that Beyond will post -1.85 EPS for the current fiscal 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.