Overstock.com, Inc. (NASDAQ:OSTK) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Overstock.com, Inc. (NASDAQ:OSTK – Get Rating) have earned a consensus rating of “Hold” from the nine research firms that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $91.00.

Several brokerages have commented on OSTK. Wedbush dropped their target price on shares of Overstock.com from $95.00 to $66.00 in a report on Thursday, April 28th. Raymond James began coverage on shares of Overstock.com in a report on Wednesday, June 29th. They set a “market perform” rating on the stock. DA Davidson dropped their target price on shares of Overstock.com from $116.00 to $69.00 in a report on Friday. Finally, Bank of America restated a “maintains” rating on shares of Overstock.com in a report on Friday.

Institutional Trading of Overstock.com

Hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC raised its holdings in shares of Overstock.com by 315.2% in the second quarter. CWM LLC now owns 1,121 shares of the company’s stock valued at $28,000 after purchasing an additional 851 shares during the last quarter. Covestor Ltd grew its stake in shares of Overstock.com by 7,081.8% in the first quarter. Covestor Ltd now owns 790 shares of the company’s stock valued at $35,000 after buying an additional 779 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in shares of Overstock.com in the second quarter valued at $41,000. Meeder Asset Management Inc. grew its stake in shares of Overstock.com by 272.5% in the first quarter. Meeder Asset Management Inc. now owns 950 shares of the company’s stock valued at $42,000 after buying an additional 695 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake in shares of Overstock.com by 308.3% in the first quarter. Captrust Financial Advisors now owns 1,037 shares of the company’s stock valued at $46,000 after buying an additional 783 shares in the last quarter. 71.56% of the stock is currently owned by institutional investors and hedge funds.

Overstock.com Stock Down 4.4 %

Overstock.com stock opened at $29.00 on Friday. The company’s 50 day simple moving average is $28.92 and its 200 day simple moving average is $38.14. Overstock.com has a fifty-two week low of $24.69 and a fifty-two week high of $111.28. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 3.63, a PEG ratio of 17.08 and a beta of 3.80. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.91 and a quick ratio of 1.89.

Overstock.com (NASDAQ:OSTK – Get Rating) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.15). The firm had revenue of $528.12 million for the quarter, compared to the consensus estimate of $600.73 million. Overstock.com had a return on equity of 18.83% and a net margin of 14.56%. The firm’s revenue was down 33.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.72 EPS. As a group, sell-side analysts anticipate that Overstock.com will post 1.12 EPS for the current year.

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.