Zacks: Overstock.com Inc (OSTK) Given $110.00 Average Price Target by Brokerages

Overstock.com Inc (NASDAQ:OSTK) has been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Analysts have set a 1 year consensus target price of $110.00 for the company and are predicting that the company will post ($0.03) EPS for the current quarter, according to Zacks. Zacks has also assigned Overstock.com an industry rank of 107 out of 265 based on the ratings given to related companies.

Several equities analysts recently issued reports on the company. BidaskClub raised Overstock.com from a “hold” rating to a “buy” rating in a research report on Saturday, December 16th. DA Davidson upped their price objective on Overstock.com to $57.00 in a research report on Wednesday, October 25th.

Overstock.com (NASDAQ OSTK) traded down $2.20 during mid-day trading on Thursday, reaching $53.95. The company had a trading volume of 3,430,000 shares, compared to its average volume of 4,940,000. The company has a market cap of $1,350.00, a PE ratio of -125.47 and a beta of 1.47. Overstock.com has a fifty-two week low of $13.75 and a fifty-two week high of $89.80. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.86 and a quick ratio of 0.78.

In other Overstock.com news, SVP Vikram Raghavan sold 624 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $52.00, for a total transaction of $32,448.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph J. Tabacco, Jr. sold 2,000 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $51.95, for a total transaction of $103,900.00. Following the sale, the director now owns 42,099 shares of the company’s stock, valued at $2,187,043.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,386 shares of company stock valued at $1,356,221. Company insiders own 28.90% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. raised its stake in Overstock.com by 0.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 64,899 shares of the company’s stock valued at $1,058,000 after buying an additional 456 shares during the last quarter. Edge Wealth Management LLC purchased a new stake in Overstock.com during the 4th quarter valued at $130,000. Nationwide Fund Advisors raised its stake in Overstock.com by 20.1% during the 2nd quarter. Nationwide Fund Advisors now owns 12,382 shares of the company’s stock valued at $202,000 after buying an additional 2,074 shares during the last quarter. Pier 88 Investment Partners LLC purchased a new stake in Overstock.com during the 4th quarter valued at $147,000. Finally, Bank of Montreal Can raised its stake in Overstock.com by 347.9% during the 4th quarter. Bank of Montreal Can now owns 4,479 shares of the company’s stock valued at $286,000 after buying an additional 3,479 shares during the last quarter. Institutional investors and hedge funds own 47.44% of the company’s stock.

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Overstock.com Company Profile

Overstock.com, Inc is an online retailer and incubator of blockchain technology. Through its online retail business, the Company offers a range of price-competitive brand name, non-brand name and closeout products, including furniture, home decor, bedding and bath, housewares, jewelry and watches, apparel and designer accessories, health and beauty products, electronics and computers, and sporting goods.

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