Overstock.com (NASDAQ:OSTK) had its target price boosted by DA Davidson from $85.00 to $110.00 in a report published on Monday, January 8th. They currently have a buy rating on the stock. DA Davidson also issued estimates for Overstock.com’s FY2022 earnings at $0.65 EPS.
Separately, BidaskClub cut Overstock.com from a buy rating to a hold rating in a research note on Thursday, December 7th.
Shares of Overstock.com (NASDAQ OSTK) opened at $66.65 on Monday. The stock has a market capitalization of $1,670.00, a PE ratio of -155.00 and a beta of 1.36. Overstock.com has a 1 year low of $13.75 and a 1 year high of $89.80. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.78 and a current ratio of 0.86.
Overstock.com (NASDAQ:OSTK) last issued its quarterly earnings data on Wednesday, November 8th. The company reported ($0.03) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.06. Overstock.com had a negative return on equity of 4.95% and a negative net margin of 0.61%. The company had revenue of $424.00 million for the quarter, compared to analysts’ expectations of $452.60 million. The company’s quarterly revenue was down 4.0% on a year-over-year basis. equities research analysts forecast that Overstock.com will post -0.47 EPS for the current year.
In other news, Director Joseph J. Tabacco, Jr. sold 2,000 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $51.95, for a total value of $103,900.00. Following the completion of the sale, the director now owns 42,099 shares in the company, valued at $2,187,043.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathan E. Johnson III sold 4,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $64.10, for a total transaction of $256,400.00. Following the completion of the transaction, the insider now directly owns 34,092 shares in the company, valued at $2,185,297.20. The disclosure for this sale can be found here. Insiders have sold 20,386 shares of company stock valued at $1,091,821 over the last ninety days. Corporate insiders own 28.90% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of OSTK. Schwab Charles Investment Management Inc. lifted its stake in Overstock.com by 0.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 64,899 shares of the company’s stock worth $1,058,000 after purchasing an additional 456 shares during the period. Rhumbline Advisers grew its holdings in Overstock.com by 33.2% during the 2nd quarter. Rhumbline Advisers now owns 19,994 shares of the company’s stock worth $326,000 after acquiring an additional 4,989 shares during the period. Bank of New York Mellon Corp grew its holdings in Overstock.com by 22.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 76,279 shares of the company’s stock worth $1,243,000 after acquiring an additional 14,098 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in Overstock.com by 61.2% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 29,786 shares of the company’s stock worth $486,000 after acquiring an additional 11,305 shares during the period. Finally, AXA acquired a new stake in Overstock.com during the 2nd quarter worth $176,000. 44.08% of the stock is currently owned by institutional investors and hedge funds.
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Overstock.com Company Profile
Overstock.com, Inc is an online retailer and incubator of blockchain technology. Through its online retail business, the Company offers a range of price-competitive brand name, non-brand name and closeout products, including furniture, home decor, bedding and bath, housewares, jewelry and watches, apparel and designer accessories, health and beauty products, electronics and computers, and sporting goods.
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