Several other research firms also recently issued reports on OSTK. DA Davidson initiated coverage on shares of LYFT in a report on Tuesday, March 19th. They set a buy rating and a $75.00 price objective on the stock. Maxim Group set a $9.00 price objective on shares of Pareteum and gave the company a buy rating in a report on Thursday, May 30th. Zacks Investment Research upgraded shares of General Moly from a sell rating to a hold rating in a report on Thursday. Finally, ValuEngine downgraded shares of Zumiez from a hold rating to a sell rating in a report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Overstock.com currently has a consensus rating of Hold and an average price target of $63.00.
OSTK opened at $19.01 on Thursday. Overstock.com has a 52-week low of $8.96 and a 52-week high of $48.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.85 and a current ratio of 0.92. The firm’s 50-day moving average is $11.83.
In other Overstock.com news, Director Joseph J. Tabacco, Jr. purchased 25,000 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were bought at an average price of $10.48 per share, for a total transaction of $262,000.00. Following the acquisition, the director now owns 66,033 shares in the company, valued at $692,025.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick Michael Byrne sold 500,000 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $13.09, for a total transaction of $6,545,000.00. Following the completion of the transaction, the chief executive officer now owns 1,056,690 shares in the company, valued at approximately $13,832,072.10. The disclosure for this sale can be found here. 19.40% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Rhumbline Advisers increased its stake in Overstock.com by 50.9% in the fourth quarter. Rhumbline Advisers now owns 27,867 shares of the company’s stock valued at $378,000 after acquiring an additional 9,401 shares during the last quarter. BlackRock Inc. increased its stake in Overstock.com by 8.6% in the fourth quarter. BlackRock Inc. now owns 1,619,841 shares of the company’s stock valued at $22,000,000 after acquiring an additional 128,649 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Overstock.com by 12.8% in the fourth quarter. Bank of New York Mellon Corp now owns 92,489 shares of the company’s stock valued at $1,256,000 after acquiring an additional 10,519 shares during the last quarter. Northern Trust Corp increased its stake in Overstock.com by 6.5% in the fourth quarter. Northern Trust Corp now owns 300,519 shares of the company’s stock valued at $4,080,000 after acquiring an additional 18,240 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in Overstock.com by 22.3% in the fourth quarter. Stifel Financial Corp now owns 35,345 shares of the company’s stock valued at $475,000 after acquiring an additional 6,440 shares during the last quarter. Institutional investors own 60.67% of the company’s stock.
Overstock.com Company Profile
Overstock.com, Inc operates as an online retailer in the United States and internationally. It operates through Retail and tZERO segments. The company offers furniture; and home décor, including rugs, bedding and bath, home improvement, kitchen items, and other related products. It also operates Worldstock Fair Trade, a store that provides handcrafted products; Pet Adoptions, a free service and portal to display pets available for adoption; and Overstock Hotels, a portal that enables customers to search and book properties within its Website.
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