Brokerages Set Overstock.com, Inc. (NASDAQ:OSTK) Price Target at $121.60

Overstock.com, Inc. (NASDAQ:OSTK) has received an average rating of “Buy” from the eight ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $121.60.

Several analysts have recently weighed in on the company. Guggenheim started coverage on Overstock.com in a research note on Monday, November 22nd. They set a “neutral” rating and a $111.00 target price for the company. Credit Suisse Group raised their price objective on shares of Overstock.com from $105.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, October 29th. Finally, DA Davidson lifted their price target on shares of Overstock.com from $130.00 to $157.00 and gave the stock a “buy” rating in a research report on Friday, October 29th.

In other Overstock.com news, Director Barclay F. Corbus sold 4,050 shares of the firm’s stock in a transaction dated Friday, November 12th. The shares were sold at an average price of $98.84, for a total value of $400,302.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert Jacob Shapiro sold 1,000 shares of Overstock.com stock in a transaction that occurred on Tuesday, November 16th. The shares were sold at an average price of $108.45, for a total transaction of $108,450.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,287 shares of company stock valued at $1,925,448. Corporate insiders own 1.10% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Midwest Wealth Management Inc. increased its stake in Overstock.com by 12.3% during the 2nd quarter. Midwest Wealth Management Inc. now owns 13,213 shares of the company’s stock valued at $1,218,000 after purchasing an additional 1,442 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Overstock.com by 23.3% during the second quarter. Principal Financial Group Inc. now owns 10,132 shares of the company’s stock valued at $934,000 after purchasing an additional 1,917 shares during the last quarter. Seelaus Asset Management LLC purchased a new stake in Overstock.com during the third quarter valued at about $588,000. Wiley BROS. Aintree Capital LLC purchased a new stake in Overstock.com during the third quarter valued at about $481,000. Finally, Advisor Resource Council purchased a new stake in shares of Overstock.com in the second quarter worth about $3,695,000. Institutional investors own 81.17% of the company’s stock.

Shares of Overstock.com stock opened at $49.15 on Wednesday. Overstock.com has a fifty-two week low of $47.85 and a fifty-two week high of $112.30. The firm has a market cap of $2.11 billion, a PE ratio of 6.39, a P/E/G ratio of 0.57 and a beta of 4.09. The business’s fifty day moving average is $76.61 and its two-hundred day moving average is $78.05. The company has a quick ratio of 1.85, a current ratio of 1.87 and a debt-to-equity ratio of 0.05.

Overstock.com (NASDAQ:OSTK) last issued its quarterly earnings results on Thursday, October 28th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The company had revenue of $689.39 million for the quarter, compared to analyst estimates of $682.83 million. Overstock.com had a return on equity of 26.03% and a net margin of 13.05%. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.50 EPS. Equities research analysts anticipate that Overstock.com will post 2.33 EPS for the current year.

Overstock.com Company Profile

Overstock.com, Inc operates online shopping commercial site. It also sells these products through www.overstock.com, www.o.com, and www.o.biz. It operates through the following business segments: Retail, tZERO, and MVI. The Retail Segment engages in e-commerce sales through its website. The tZERO Segment focuses on securities transaction through its broker-dealers.

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Analyst Recommendations for Overstock.com (NASDAQ:OSTK)

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