Overstock.com (NASDAQ:OSTK) Upgraded at BidaskClub

Share on StockTwits

BidaskClub upgraded shares of Overstock.com (NASDAQ:OSTK) from a sell rating to a hold rating in a report released on Thursday morning, BidAskClub reports.

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.

Overstock.com (NASDAQ:OSTK) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($1.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.93) by ($0.25). Overstock.com had a negative net margin of 11.15% and a negative return on equity of 85.28%. The company had revenue of $367.73 million for the quarter, compared to analyst estimates of $360.91 million. During the same quarter last year, the company earned ($1.74) EPS. The business’s revenue was down 17.4% compared to the same quarter last year. On average, analysts anticipate that Overstock.com will post -3.31 earnings per share for the current fiscal year.

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 d├ęcor, 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.

Read More: What is a stock buyback?

Receive News & Ratings for Overstock.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Overstock.com and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.