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

Shares of Overstock.com, Inc. (NASDAQ:OSTK) have received a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $27.00.

Several analysts have recently weighed in on the stock. Barclays dropped their price target on shares of Overstock.com from $19.00 to $16.00 and set an “equal weight” rating for the company in a research note on Friday, October 27th. Wedbush reissued an “outperform” rating and issued a $43.00 price target on shares of Overstock.com in a research note on Friday, October 20th. BTIG Research assumed coverage on shares of Overstock.com in a research note on Thursday, September 21st. They issued a “neutral” rating for the company. StockNews.com assumed coverage on shares of Overstock.com in a research note on Tuesday. They issued a “sell” rating for the company. Finally, Jefferies Financial Group dropped their price target on shares of Overstock.com from $23.00 to $18.00 in a research note on Monday, October 9th.

Insiders Place Their Bets

In other Overstock.com news, Director Marcus Lemonis bought 6,455 shares of Overstock.com stock in a transaction on Wednesday, November 1st. The shares were bought at an average cost of $15.47 per share, for a total transaction of $99,858.85. Following the acquisition, the director now directly owns 153,748 shares in the company, valued at $2,378,481.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Overstock.com news, Director Marcus Lemonis bought 6,455 shares of Overstock.com stock in a transaction on Wednesday, November 1st. The shares were bought at an average cost of $15.47 per share, for a total transaction of $99,858.85. Following the acquisition, the director now directly owns 153,748 shares in the company, valued at $2,378,481.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph J. Tabacco, Jr. bought 21,000 shares of Overstock.com stock in a transaction on Monday, October 30th. The shares were acquired at an average price of $14.19 per share, for a total transaction of $297,990.00. Following the completion of the acquisition, the director now owns 113,414 shares in the company, valued at $1,609,344.66. The disclosure for this purchase can be found here. Insiders have acquired a total of 145,000 shares of company stock worth $2,272,992 in the last ninety days. 1.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Overstock.com

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Covestor Ltd raised its holdings in shares of Overstock.com by 48.1% in the 2nd quarter. Covestor Ltd now owns 994 shares of the company’s stock valued at $33,000 after purchasing an additional 323 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings in shares of Overstock.com by 10.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,727 shares of the company’s stock valued at $121,000 after purchasing an additional 356 shares in the last quarter. Panagora Asset Management Inc. raised its stake in Overstock.com by 1.6% during the 2nd quarter. Panagora Asset Management Inc. now owns 27,298 shares of the company’s stock worth $889,000 after acquiring an additional 420 shares in the last quarter. Rhumbline Advisers raised its stake in Overstock.com by 1.0% during the 1st quarter. Rhumbline Advisers now owns 44,727 shares of the company’s stock worth $1,968,000 after acquiring an additional 430 shares in the last quarter. Finally, FMR LLC raised its stake in Overstock.com by 40.0% during the 1st quarter. FMR LLC now owns 1,758 shares of the company’s stock worth $36,000 after acquiring an additional 502 shares in the last quarter. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Overstock.com Stock Performance

The stock has a fifty day moving average price of $17.80 and a 200-day moving average price of $22.62. The firm has a market capitalization of $760.30 million, a P/E ratio of -4.67 and a beta of 3.66. Overstock.com has a 1 year low of $13.71 and a 1 year high of $39.27. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.74 and a current ratio of 1.79.

Overstock.com (NASDAQ:OSTK) last released its quarterly earnings results on Thursday, October 26th. The company reported ($0.61) earnings per share for the quarter, topping the consensus estimate of ($0.83) by $0.22. The firm had revenue of $373.30 million during the quarter, compared to the consensus estimate of $396.10 million. Overstock.com had a negative net margin of 10.27% and a negative return on equity of 5.88%. The company’s revenue for the quarter was down 18.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.13 EPS. Equities research analysts forecast that Overstock.com will post -1.41 EPS for the current year.

About Overstock.com

Overstock.com, Inc operates as an online retailer in the United States. It offers furniture, décor, area rug, bedding and bath, home improvement, outdoor, and kitchen and dining items. The company provides its products and services through its internet websites comprising overstock.com, o.co, overstock.ca, and overstockgovernment.com.