Shares of Overstock.com, Inc. (NASDAQ:OSTK – Get 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.
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, dÃ©cor, 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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