Overstock.com, Inc. (OSTK) Upgraded to “Buy” at BidaskClub
Overstock.com, Inc. (NASDAQ:OSTK) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.
Other research analysts have also recently issued reports about the stock. Maxim Group set a $25.00 target price on shares of Overstock.com and gave the company a “buy” rating in a report on Friday, May 19th. TheStreet cut shares of Overstock.com from a “c” rating to a “d+” rating in a report on Friday, May 26th.
Overstock.com (NASDAQ:OSTK) opened at 19.50 on Friday. The company has a 50-day moving average price of $16.65 and a 200-day moving average price of $16.66. Overstock.com has a 52 week low of $13.05 and a 52 week high of $20.50. The stock’s market cap is $487.50 million.
Overstock.com (NASDAQ:OSTK) last issued its earnings results on Thursday, August 3rd. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.32. Overstock.com had a negative net margin of 0.73% and a negative return on equity of 6.36%. The company had revenue of $432.02 million during the quarter. Equities research analysts anticipate that Overstock.com will post ($0.17) EPS for the current year.
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In other Overstock.com news, SVP Brian L. Popelka sold 3,500 shares of the stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $14.35, for a total value of $50,225.00. Following the completion of the transaction, the senior vice president now directly owns 14,682 shares of the company’s stock, valued at $210,686.70. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Carter Paul Lee sold 2,000 shares of the stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $18.51, for a total transaction of $37,020.00. Following the completion of the transaction, the senior vice president now directly owns 8,958 shares of the company’s stock, valued at $165,812.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,000 shares of company stock valued at $112,745. 28.90% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of Overstock.com by 205.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,540,722 shares of the company’s stock worth $26,500,000 after buying an additional 1,036,847 shares during the period. Thomson Horstmann & Bryant Inc. boosted its position in shares of Overstock.com by 24.9% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 820,039 shares of the company’s stock worth $14,104,000 after buying an additional 163,574 shares during the period. Renaissance Technologies LLC boosted its position in shares of Overstock.com by 16.9% in the second quarter. Renaissance Technologies LLC now owns 934,000 shares of the company’s stock worth $15,224,000 after buying an additional 135,200 shares during the period. Lee Danner & Bass Inc. boosted its position in shares of Overstock.com by 20.4% in the first quarter. Lee Danner & Bass Inc. now owns 625,000 shares of the company’s stock worth $10,750,000 after buying an additional 105,992 shares during the period. Finally, Penserra Capital Management LLC boosted its position in shares of Overstock.com by 447.2% in the second quarter. Penserra Capital Management LLC now owns 106,888 shares of the company’s stock worth $1,742,000 after buying an additional 87,353 shares during the period. 42.67% of the stock is owned by institutional investors and hedge funds.
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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