Overstock.com (NASDAQ:OSTK) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Tuesday.

A number of other research firms also recently issued reports on OSTK. DA Davidson lifted their price target on shares of Overstock.com to $103.00 and gave the company a “buy” rating in a research report on Tuesday, July 3rd. ValuEngine downgraded shares of Overstock.com from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Maxim Group initiated coverage on shares of Overstock.com in a research report on Monday, September 10th. They set a “buy” rating and a $75.00 price target for the company. Zacks Investment Research upgraded shares of Overstock.com from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research report on Thursday, July 5th. Finally, GARP Research initiated coverage on shares of Overstock.com in a research report on Thursday, September 6th. They set a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $75.00.

Shares of NASDAQ:OSTK opened at $26.35 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.91 and a debt-to-equity ratio of 0.02. Overstock.com has a 52 week low of $23.10 and a 52 week high of $89.80.

Overstock.com (NASDAQ:OSTK) last posted its quarterly earnings results on Thursday, August 9th. The company reported ($2.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.82) by ($1.38). Overstock.com had a negative net margin of 11.74% and a negative return on equity of 95.14%. The company had revenue of $483.10 million for the quarter, compared to analyst estimates of $474.15 million. During the same quarter in the previous year, the business posted ($0.29) earnings per share. Overstock.com’s revenue was up 11.8% on a year-over-year basis. analysts anticipate that Overstock.com will post -5.43 EPS for the current year.

In other news, CEO Patrick Byrne sold 774,303 shares of the firm’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $25.83, for a total transaction of $20,000,246.49. Following the completion of the transaction, the chief executive officer now directly owns 1,050,023 shares of the company’s stock, valued at approximately $27,122,094.09. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Seth Moore sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 18th. The stock was sold at an average price of $42.85, for a total transaction of $85,700.00. Following the transaction, the senior vice president now directly owns 9,204 shares of the company’s stock, valued at $394,391.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 929,102 shares of company stock valued at $24,050,091. Insiders own 28.90% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of OSTK. Delpha Capital Management LLC purchased a new position in shares of Overstock.com during the 1st quarter worth approximately $201,000. Suntrust Banks Inc. purchased a new position in shares of Overstock.com during the 1st quarter worth approximately $207,000. SG Americas Securities LLC purchased a new position in shares of Overstock.com during the 1st quarter worth approximately $223,000. Vident Investment Advisory LLC purchased a new position in shares of Overstock.com during the 2nd quarter worth approximately $240,000. Finally, Metropolitan Life Insurance Co. NY increased its stake in shares of Overstock.com by 30.5% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 7,168 shares of the company’s stock worth $241,000 after purchasing an additional 1,677 shares in the last quarter. 56.72% of the stock is owned by institutional investors and hedge funds.

Overstock.com Company Profile

Overstock.com, Inc operates as an online retailer in the United States. It operates in two segments, Direct and Partner. The company offers home and garden products, including furniture, home decor, garden and patio, kitchen and dining, bedding, home improvement, housewares, and other related products; jewelry and watches; clothing and accessories; electronics and computers; and other products.

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