Maxim Group set a $75.00 price objective on Overstock.com (NASDAQ:OSTK) in a report released on Thursday morning. The firm currently has a buy rating on the stock.

Several other equities analysts have also weighed in on OSTK. BidaskClub lowered shares of Overstock.com from a hold rating to a sell rating in a report on Thursday, August 2nd. DA Davidson lifted their target price on shares of Overstock.com from $90.00 to $112.00 and gave the company a buy rating in a report on Friday, August 10th. GARP Research initiated coverage on shares of Overstock.com in a report on Thursday, September 6th. They set a neutral rating for the company. ValuEngine lowered shares of Overstock.com from a buy rating to a hold rating in a report on Friday, September 7th. Finally, Zacks Investment Research lowered shares of Overstock.com from a hold rating to a sell rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $75.00.

Shares of NASDAQ:OSTK traded down $0.34 during trading on Thursday, hitting $17.19. 1,323,554 shares of the stock traded hands, compared to its average volume of 1,616,831. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.09 and a quick ratio of 0.85. The firm has a market cap of $552.59 million, a price-to-earnings ratio of -9.50 and a beta of 1.86. Overstock.com has a 52-week low of $16.57 and a 52-week high of $89.80.

Overstock.com (NASDAQ:OSTK) last posted its earnings results on Thursday, November 8th. The company reported ($1.55) earnings per share for the quarter, missing the consensus estimate of ($0.86) by ($0.69). The firm had revenue of $440.60 million for the quarter, compared to analysts’ expectations of $443.13 million. Overstock.com had a negative net margin of 14.21% and a negative return on equity of 105.90%. Overstock.com’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.03) earnings per share. On average, sell-side analysts anticipate that Overstock.com will post -6.19 earnings per share for the current fiscal year.

In related news, SVP Carter Paul Lee sold 1,300 shares of the business’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $30.15, for a total value of $39,195.00. Following the completion of the sale, the senior vice president now owns 4,835 shares of the company’s stock, valued at approximately $145,775.25. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Patrick Byrne sold 147,499 shares of the business’s stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $25.65, for a total transaction of $3,783,349.35. Following the completion of the sale, the chief executive officer now directly owns 1,050,023 shares of the company’s stock, valued at approximately $26,933,089.95. The disclosure for this sale can be found here. In the last three months, insiders sold 923,102 shares of company stock valued at $23,822,791. 28.90% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Metropolitan Life Insurance Co. NY increased its holdings in Overstock.com by 30.5% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 7,168 shares of the company’s stock worth $241,000 after acquiring an additional 1,677 shares in the last quarter. MetLife Investment Advisors LLC increased its holdings in Overstock.com by 25.7% in the 2nd quarter. MetLife Investment Advisors LLC now owns 9,776 shares of the company’s stock worth $329,000 after acquiring an additional 1,999 shares in the last quarter. GSA Capital Partners LLP increased its holdings in Overstock.com by 21.5% in the 2nd quarter. GSA Capital Partners LLP now owns 12,202 shares of the company’s stock worth $411,000 after acquiring an additional 2,156 shares in the last quarter. Rhumbline Advisers increased its holdings in Overstock.com by 19.1% in the 2nd quarter. Rhumbline Advisers now owns 19,816 shares of the company’s stock worth $667,000 after acquiring an additional 3,175 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Overstock.com by 4.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 81,970 shares of the company’s stock worth $2,270,000 after acquiring an additional 3,175 shares in the last quarter. 57.53% of the stock is owned by institutional investors.

About Overstock.com

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; artisan-crafted products; and other products.

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