Overstock.com Inc (NASDAQ:OSTK) has been assigned an average recommendation of “Buy” from the six research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $41.00.
OSTK has been the topic of several recent analyst reports. ValuEngine upgraded shares of Overstock.com from a “sell” rating to a “hold” rating in a report on Monday. Maxim Group initiated coverage on Overstock.com in a research note on Tuesday, July 16th. They issued a “buy” rating and a $34.00 target price for the company. BidaskClub upgraded Overstock.com from a “hold” rating to a “buy” rating in a research report on Wednesday. DA Davidson reiterated a “buy” rating and set a $48.00 price objective on shares of Overstock.com in a research report on Tuesday, July 16th. Finally, Zacks Investment Research upgraded Overstock.com from a “sell” rating to a “hold” rating in a research report on Thursday, July 11th.
In other Overstock.com news, Director Joseph J. Tabacco, Jr. purchased 25,000 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was purchased at an average cost of $10.48 per share, for a total transaction of $262,000.00. Following the transaction, the director now owns 66,033 shares in the company, valued at approximately $692,025.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Joseph J. Tabacco, Jr. purchased 40,000 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was acquired at an average price of $10.45 per share, with a total value of $418,000.00. Following the completion of the transaction, the director now owns 66,033 shares in the company, valued at approximately $690,044.85. The disclosure for this purchase can be found here. Insiders sold 907,455 shares of company stock valued at $10,742,632 over the last 90 days. 19.40% of the stock is currently owned by insiders.
OSTK opened at $21.27 on Friday. Overstock.com has a fifty-two week low of $8.96 and a fifty-two week high of $48.00. The company has a quick ratio of 0.85, a current ratio of 0.92 and a debt-to-equity ratio of 0.19. The company has a market cap of $807.11 million, a price-to-earnings ratio of -3.43 and a beta of 2.34. The stock’s 50 day simple moving average is $15.53.
Overstock.com (NASDAQ:OSTK) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($1.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.93) by ($0.25). The business had revenue of $367.73 million during the quarter, compared to analyst estimates of $360.91 million. Overstock.com had a negative net margin of 11.15% and a negative return on equity of 85.28%. The business’s revenue for the quarter was down 17.4% on a year-over-year basis. During the same period last year, the company earned ($1.74) EPS. As a group, research analysts expect that Overstock.com will post -3.31 EPS for the current fiscal year.
Overstock.com, Inc operates as an online retailer in the United States and internationally. It operates through Retail and tZERO segments. The company offers furniture; and home décor, including rugs, bedding and bath, home improvement, kitchen items, and other related products. It also operates Worldstock Fair Trade, a store that provides handcrafted products; Pet Adoptions, a free service and portal to display pets available for adoption; and Overstock Hotels, a portal that enables customers to search and book properties within its Website.
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