Overstock.com (NASDAQ:OSTK – Get Rating) saw its price target lowered by Wedbush from $95.00 to $66.00 in a report released Thursday morning, reports The Fly.
Other stock analysts have also recently released reports on the stock. Bank of America cut shares of Overstock.com from a buy rating to a neutral rating and lowered its target price for the company from $85.00 to $38.00 in a research note on Monday. Zacks Investment Research cut shares of Overstock.com from a hold rating to a strong sell rating and set a target price of $31.00 for the company. in a research note from Wednesday, February 23. StockNews.com launched coverage on Overstock.com shares in a research note on Thursday, March 31. They issued a holding note for the company. DA Davidson cut his price target on Overstock.com shares from $161.00 to $152.00 in a Thursday, April 21 research report. Finally, Piper Sandler cut her price target on Overstock.com shares from $140.00 to $85.00 in a Friday, February 18 research report. One analyst has assigned the stock a sell rating, three have assigned a hold rating and four have assigned the stock a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $87.25.
Shares of OSTK rose $0.70 during Thursday’s midday session, hitting $32.98. 23,782 shares of the company were traded, against an average volume of 2,440,142. The company has a market capitalization of $1.57 billion, a PE ratio of 4.00, a P/E/G ratio of 0 .95 and a beta of 3.92. Overstock.com has a 52-week low of $29.67 and a 52-week high of $111.28. The company has a 50-day simple moving average of $44.76 and a 200-day simple moving average of $61.62. The company has a debt ratio of 0.05, a current ratio of 2.03 and a quick ratio of 2.01.
Overstock.com (NASDAQ:OSTK – Get Rating) last released its results on Thursday, April 28. The company reported earnings per share of $0.21 for the quarter, missing the consensus estimate of $0.23 per ($0.02). Overstock.com had a net margin of 14.13% and a return on equity of 23.39%. The company had revenue of $536.00 million in the quarter, versus a consensus estimate of $573.26 million. In the same period a year earlier, the company posted earnings of $0.56 per share. Overstock.com’s quarterly revenue was down 18.8% from the same quarter last year. On average, analysts expect Overstock.com to post 2.32 earnings per share for the current year.
Separately, insider Eric Glen Nickle sold 1,000 shares of the company in a trade dated Monday, April 11. The stock was sold at an average price of $40.03, for a total value of $40,030.00. Following the completion of the transaction, the insider now owns 12,979 shares of the company, valued at $519,549.37. The transaction was disclosed in a legal filing with the SEC, accessible via the SEC’s website. Additionally, insider Krista Dalton sold 8,036 shares of the company in a trade dated Friday, April 1. The shares were sold at an average price of $43.60, for a total value of $350,369.60. Following the completion of the transaction, the insider now directly owns 7,292 shares of the company, valued at approximately $317,931.20. The disclosure of this sale can be found here. Insiders have sold 19,569 shares of the company valued at $899,645 over the past three months. Insiders own 1.10% of the shares of the company.
A number of hedge funds have recently bought and sold shares of OSTK. William Blair Investment Management LLC acquired a new position in Overstock.com in the third quarter worth approximately $217,443,000. Invesco Ltd. increased its stake in Overstock.com by 8.3% in the third quarter. Invesco Ltd. now owns 4,749,668 shares of the company valued at $370,095,000 after purchasing an additional 362,543 shares last quarter. Renaissance Technologies LLC acquired a new position in Overstock.com in the fourth quarter worth approximately $19,243,000. JPMorgan Chase & Co. increased its stake in Overstock.com by 119.0% during the fourth quarter. JPMorgan Chase & Co. now owns 45,019 shares of the company worth $2,656,000 after acquiring 281,746 additional shares in the last quarter. Finally, Bank of Montreal Can acquired a new position in Overstock.com during the fourth quarter worth approximately $16,395,000. 80.72% of the shares are held by institutional investors and hedge funds.
About Overstock.com (Get an evaluation)
Overstock.com, Inc operates as an online retailer in the United States. The company offers furniture, decor, rugs, bedding and bath, home improvement, outdoor, kitchen and dining items. It provides its products and services through its websites including overstock.com, o.co, overstock.ca and overstockgovernment.com.
Receive news and reviews for Overstock.com daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Overstock.com and related companies with MarketBeat.com’s FREE daily newsletter.