Brokerages Set Overstock.com Inc (OSTK) PT at $51.00

Overstock.com Inc (NASDAQ:OSTK) has been assigned an average recommendation of “Hold” from the six ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $51.00.

Several analysts have recently commented on OSTK shares. DA Davidson reduced their price objective on shares of Overstock.com from $58.00 to $51.00 and set a “buy” rating for the company in a research report on Tuesday, March 19th. They noted that the move was a valuation call. Maxim Group reaffirmed a “buy” rating on shares of Overstock.com in a research report on Tuesday, December 18th. Zacks Investment Research raised shares of Overstock.com from a “sell” rating to a “hold” rating in a research report on Thursday, January 10th. ValuEngine downgraded shares of Overstock.com from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, BidaskClub raised shares of Overstock.com from a “sell” rating to a “hold” rating in a research report on Thursday, March 7th.

Several institutional investors and hedge funds have recently modified their holdings of the stock. American International Group Inc. lifted its holdings in shares of Overstock.com by 10.4% in the 4th quarter. American International Group Inc. now owns 15,178 shares of the company’s stock worth $206,000 after purchasing an additional 1,429 shares in the last quarter. Lee Danner & Bass Inc. lifted its holdings in shares of Overstock.com by 0.3% in the 4th quarter. Lee Danner & Bass Inc. now owns 503,645 shares of the company’s stock worth $6,839,000 after purchasing an additional 1,745 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of Overstock.com by 13.4% in the 4th quarter. D.A. Davidson & CO. now owns 25,886 shares of the company’s stock worth $352,000 after purchasing an additional 3,057 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Overstock.com by 4.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 81,970 shares of the company’s stock worth $2,270,000 after purchasing an additional 3,175 shares in the last quarter. Finally, Credit Suisse AG lifted its holdings in shares of Overstock.com by 9.3% in the 3rd quarter. Credit Suisse AG now owns 46,047 shares of the company’s stock worth $1,275,000 after purchasing an additional 3,927 shares in the last quarter. Institutional investors own 63.36% of the company’s stock.

NASDAQ:OSTK traded up $0.41 on Monday, reaching $16.62. 1,704,653 shares of the stock traded hands, compared to its average volume of 2,127,725. The company has a market capitalization of $522.80 million, a PE ratio of -2.68 and a beta of 2.09. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.83 and a current ratio of 0.89. Overstock.com has a 1-year low of $12.33 and a 1-year high of $48.00.

Overstock.com (NASDAQ:OSTK) last announced its quarterly earnings data on Monday, March 18th. The company reported ($1.15) EPS for the quarter, missing the consensus estimate of ($0.67) by ($0.48). The company had revenue of $452.50 million for the quarter, compared to analyst estimates of $483.20 million. Overstock.com had a negative return on equity of 86.04% and a negative net margin of 11.31%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the business earned ($3.72) EPS. Research analysts predict that Overstock.com will post -2.54 EPS for the current year.

Overstock.com Company Profile

Overstock.com, Inc operates as an online retailer in the United States. It operates in two segments, Direct and Partner. The company offers home and garden products, including furniture, home decor, garden and patio, kitchen and dining, bedding, home improvement, housewares, and other related products; jewelry and watches; clothing and accessories; electronics and computers; artisan-crafted products; and other products.

Further Reading: What is a Roth IRA?

Receive News & Ratings for Overstock.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Overstock.com and related companies with MarketBeat.com's FREE daily email newsletter.