Overstock.com, Inc. (NASDAQ:OSTK) Given Consensus Recommendation of “Hold” by Analysts

Overstock.com, Inc. (NASDAQ:OSTK – Get Rating) has earned a consensus recommendation of “Hold” from the twelve analysts that are currently covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $35.00.

Several research analysts have recently issued reports on OSTK shares. StockNews.com raised shares of Overstock.com from a “sell” rating to a “hold” rating in a research note on Friday. Piper Sandler raised their target price on shares of Overstock.com from $19.00 to $20.00 in a research note on Friday, April 28th. Barclays cut their price target on shares of Overstock.com from $23.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 23rd. TheStreet cut shares of Overstock.com from a “c-” rating to a “d+” rating in a report on Friday, March 10th. Finally, DA Davidson decreased their price objective on shares of Overstock.com from $98.00 to $91.00 and set a “buy” rating for the company in a report on Thursday, February 23rd.

Overstock.com Stock Up 2.1 %

Shares of NASDAQ:OSTK opened at $18.08 on Friday. The firm has a market cap of $817.22 million, a P/E ratio of -14.35 and a beta of 3.35. The company has a quick ratio of 2.01, a current ratio of 2.04 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 $35.20. The company’s 50-day moving average price is $19.23 and its two-hundred day moving average price is $20.77.

Overstock.com (NASDAQ:OSTK – Get Rating) last issued its earnings results on Thursday, April 27th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.06. The company had revenue of $381.10 million for the quarter, compared to analyst estimates of $357.55 million. Overstock.com had a negative net margin of 3.14% and a positive return on equity of 1.20%. The company’s revenue for the quarter was down 28.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 EPS. As a group, research analysts forecast that Overstock.com will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling at Overstock.com

In other Overstock.com news, insider Eric Glen Nickle sold 2,000 shares of Overstock.com stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $17.19, for a total value of $34,380.00. Following the transaction, the insider now owns 15,434 shares of the company’s stock, valued at $265,310.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.30% of the company’s stock.

Institutional Trading of Overstock.com

A number of institutional investors have recently made changes to their positions in OSTK. Rice Hall James & Associates LLC lifted its position in shares of Overstock.com by 26.2% in the first quarter. Rice Hall James & Associates LLC now owns 557,122 shares of the company’s stock worth $24,516,000 after purchasing an additional 115,545 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Overstock.com by 10.4% during the first quarter. JPMorgan Chase & Co. now owns 49,711 shares of the company’s stock worth $2,187,000 after buying an additional 4,692 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Overstock.com by 73.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,184 shares of the company’s stock worth $360,000 after buying an additional 3,460 shares during the last quarter. Citigroup Inc. increased its holdings in Overstock.com by 211.1% during the first quarter. Citigroup Inc. now owns 54,741 shares of the company’s stock worth $2,409,000 after buying an additional 37,147 shares during the last quarter. Finally, MetLife Investment Management LLC increased its holdings in Overstock.com by 54.2% during the first quarter. MetLife Investment Management LLC now owns 23,589 shares of the company’s stock worth $1,038,000 after buying an additional 8,291 shares during the last quarter. Institutional investors own 62.13% of the company’s stock.

Overstock.com Company Profile

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Overstock.com, Inc operates an online shopping site. It also sells these products through www.overstock.com, www.o.com, and www.o.biz. It operates through the following business segments: Retail, tZERO, and MVI. The Retail Segment engages in e-commerce sales through its website. The tZERO Segment focuses on securities transaction through its broker-dealers.