Overstock.com, Inc. (NASDAQ:OSTK) Given Average Recommendation of “Buy” by Brokerages

Shares of Overstock.com, Inc. (NASDAQ:OSTKGet Rating) have received an average rating of “Hold” from the nine analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $99.00.

A number of equities analysts have recently weighed in on OSTK shares. Needham & Company LLC lowered their price target on shares of Overstock.com from $150.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, January 25th. StockNews.com started coverage on shares of Overstock.com in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Piper Sandler lowered their price target on shares of Overstock.com from $140.00 to $85.00 in a research note on Friday, February 18th. DA Davidson lowered their price target on shares of Overstock.com from $161.00 to $152.00 in a research note on Thursday. Finally, Zacks Investment Research cut shares of Overstock.com from a “hold” rating to a “strong sell” rating and set a $31.00 price target on the stock. in a research note on Wednesday, February 23rd.

OSTK traded down $1.94 during trading on Friday, hitting $33.85. The stock had a trading volume of 16,075 shares, compared to its average volume of 2,424,837. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.01 and a current ratio of 2.03. The firm has a market capitalization of $1.61 billion, a P/E ratio of 4.29, a PEG ratio of 1.02 and a beta of 3.92. The company’s 50-day moving average price is $46.01 and its 200 day moving average price is $63.13. Overstock.com has a twelve month low of $35.02 and a twelve month high of $111.28.

Overstock.com (NASDAQ:OSTKGet Rating) last announced its quarterly earnings data on Wednesday, February 23rd. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.04. Overstock.com had a net margin of 14.13% and a return on equity of 23.39%. The company had revenue of $612.70 million for the quarter, compared to analysts’ expectations of $643.99 million. During the same period in the previous year, the company posted $0.26 EPS. Overstock.com’s revenue was down 8.5% compared to the same quarter last year. As a group, equities analysts expect that Overstock.com will post 2.32 earnings per share for the current fiscal year.

In other Overstock.com news, insider Eric Glen Nickle sold 1,000 shares of the company’s stock in a transaction dated Monday, April 11th. The shares were sold at an average price of $40.03, for a total value of $40,030.00. Following the transaction, the insider now directly owns 12,979 shares in the company, valued at approximately $519,549.37. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President David J. Nielsen sold 7,200 shares of the company’s stock in a transaction dated Thursday, February 24th. The shares were sold at an average price of $50.05, for a total transaction of $360,360.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,569 shares of company stock worth $899,645. 1.10% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in OSTK. State of New Jersey Common Pension Fund D raised its stake in Overstock.com by 21.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 39,086 shares of the company’s stock worth $3,046,000 after purchasing an additional 6,784 shares during the period. Sigma Planning Corp boosted its holdings in Overstock.com by 70.9% in the third quarter. Sigma Planning Corp now owns 4,085 shares of the company’s stock valued at $318,000 after acquiring an additional 1,695 shares during the last quarter. Vontobel Holding Ltd. boosted its holdings in Overstock.com by 50.3% in the third quarter. Vontobel Holding Ltd. now owns 21,187 shares of the company’s stock valued at $1,651,000 after acquiring an additional 7,092 shares during the last quarter. SG Americas Securities LLC grew its position in Overstock.com by 201.1% during the third quarter. SG Americas Securities LLC now owns 10,692 shares of the company’s stock valued at $833,000 after acquiring an additional 7,141 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of Overstock.com by 5.7% in the 3rd quarter. Victory Capital Management Inc. now owns 6,985 shares of the company’s stock worth $544,000 after purchasing an additional 375 shares during the period. Institutional investors own 80.72% of the company’s stock.

Overstock.com Company Profile (Get Rating)

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.

Featured Stories

Analyst Recommendations for Overstock.com (NASDAQ:OSTK)

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.