Overstock.com (NASDAQ:OSTK) Now Covered by Jefferies Financial Group

Analysts at Jefferies Financial Group started coverage on shares of Overstock.com (NASDAQ:OSTK – Get Rating) in a research note issued on Friday, The Fly reports. The firm set a “hold” rating and a $20.00 price target on the stock. Jefferies Financial Group’s price objective indicates a potential downside of 2.44% from the company’s previous close.

Other research analysts have also issued research reports about the company. Guggenheim reiterated a “neutral” rating on shares of Overstock.com in a research report on Tuesday, October 4th. Piper Sandler decreased their target price on Overstock.com to $35.00 in a research report on Tuesday, November 1st. Argus began coverage on Overstock.com in a research report on Thursday, October 20th. They set a “hold” rating on the stock. Needham & Company LLC lowered Overstock.com from a “buy” rating to a “hold” rating in a research report on Wednesday, January 4th. Finally, StockNews.com started coverage on Overstock.com in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Overstock.com currently has an average rating of “Hold” and an average price target of $47.17.

Overstock.com Trading Down 3.9 %

Overstock.com stock opened at $20.50 on Friday. The company has a current ratio of 2.04, a quick ratio of 2.01 and a debt-to-equity ratio of 0.05. Overstock.com has a 12 month low of $17.05 and a 12 month high of $59.46. The stock’s 50 day simple moving average is $22.26 and its two-hundred day simple moving average is $25.17. The firm has a market cap of $937.67 million, a PE ratio of 102.51, a P/E/G ratio of 3.45 and a beta of 3.35.

Overstock.com (NASDAQ:OSTK – Get Rating) last released its quarterly earnings data on Thursday, October 27th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. Overstock.com had a return on equity of 5.65% and a net margin of 0.62%. The business had revenue of $460.28 million for the quarter, compared to analyst estimates of $491.20 million. Analysts anticipate that Overstock.com will post 0.58 earnings per share for the current year.

Institutional Trading of Overstock.com

Hedge funds and other institutional investors have recently modified their holdings of the stock. Trexquant Investment LP increased its position in shares of Overstock.com by 27.0% during the 2nd quarter. Trexquant Investment LP now owns 22,604 shares of the company’s stock worth $565,000 after purchasing an additional 4,810 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings 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 acquiring an additional 1,966 shares during the period. Seven Eight Capital LP purchased a new position in Overstock.com during the 2nd quarter valued at about $312,000. Trustcore Financial Services LLC boosted its holdings in Overstock.com by 93.0% during the 2nd quarter. Trustcore Financial Services LLC now owns 2,895 shares of the company’s stock valued at $72,000 after acquiring an additional 1,395 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in Overstock.com by 35.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 20,242 shares of the company’s stock valued at $506,000 after acquiring an additional 5,341 shares during the period. 62.13% of the stock is owned by institutional investors and hedge funds.

Overstock.com Company Profile

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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.