Guggenheim reaffirmed their neutral rating on shares of Overstock.com (NASDAQ:OSTK – Get Rating) in a research report released on Tuesday morning, Stock Target Advisor reports.
Several other research analysts also recently commented on the company. Raymond James assumed coverage on Overstock.com in a report on Wednesday, June 29th. They set a market perform rating on the stock. Bank of America decreased their price target on Overstock.com from $35.00 to $34.00 and set a neutral rating on the stock in a research report on Thursday, July 28th. DA Davidson boosted their price objective on Overstock.com from $96.00 to $98.00 and gave the stock a buy rating in a report on Tuesday, August 30th. Finally, StockNews.com upgraded shares of Overstock.com from a sell rating to a hold rating in a research report on Wednesday, August 17th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Overstock.com presently has an average rating of Moderate Buy and a consensus target price of $87.00.
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OSTK stock opened at $26.77 on Tuesday. The business's fifty day moving average price is $27.66 and its two-hundred day moving average price is $31.36. Overstock.com has a fifty-two week low of $23.02 and a fifty-two week high of $111.28. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 3.15 and a beta of 3.51. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.94 and a quick ratio of 1.92.
Overstock.com (NASDAQ:OSTK – Get Rating) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.32 by ($0.13). Overstock.com had a return on equity of 8.43% and a net margin of 3.41%. The company had revenue of $528.12 million during the quarter, compared to the consensus estimate of $600.73 million. During the same quarter in the previous year, the business posted $1.72 EPS. The firm's revenue for the quarter was down 33.5% on a year-over-year basis. On average, equities analysts anticipate that Overstock.com will post 0.72 earnings per share for the current year.Insider Buying and Selling
In other Overstock.com news, CEO Jonathan E. Johnson III acquired 1,000 shares of the firm's stock in a transaction that occurred on Thursday, August 4th. The shares were purchased at an average cost of $28.83 per share, for a total transaction of $28,830.00. Following the completion of the acquisition, the chief executive officer now owns 126,234 shares of the company's stock, valued at approximately $3,639,326.22. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Jonathan E. Johnson III purchased 1,000 shares of the business's stock in a transaction on Thursday, August 4th. The shares were bought at an average price of $28.83 per share, with a total value of $28,830.00. Following the completion of the transaction, the chief executive officer now directly owns 126,234 shares in the company, valued at approximately $3,639,326.22. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Krista Dalton sold 2,000 shares of the company's stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $29.33, for a total transaction of $58,660.00. Following the completion of the sale, the insider now directly owns 5,370 shares of the company's stock, valued at $157,502.10. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealthsource Partners LLC bought a new position in Overstock.com during the 1st quarter worth approximately $409,000. Synovus Financial Corp raised its position in shares of Overstock.com by 259.1% during the first quarter. Synovus Financial Corp now owns 65,139 shares of the company's stock worth $2,866,000 after purchasing an additional 47,000 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in Overstock.com by 4.7% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 43,532 shares of the company's stock valued at $1,089,000 after purchasing an additional 1,966 shares during the period. William Blair Investment Management LLC lifted its position in shares of Overstock.com by 6.2% in the fourth quarter. William Blair Investment Management LLC now owns 2,963,442 shares of the company's stock worth $174,873,000 after purchasing an additional 172,843 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in Overstock.com by 34.9% during the first quarter. Oppenheimer & Co. Inc. now owns 5,420 shares of the company's stock valued at $239,000 after purchasing an additional 1,403 shares during the last quarter. 69.03% of the stock is currently owned by hedge funds and other institutional investors.
About Overstock.com
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Overstock.com, Inc operates as an online retailer in the United States. The company offers furniture, décor, area rug, bedding and bath, home improvement, outdoor, and kitchen and dining items. It provides its products and services through its internet websites comprising overstock.com, o.co, overstock.ca, and overstockgovernment.com.
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