Overstock.com Inc (NASDAQ:OSTK)’s stock price dropped 5.8% during trading on Friday . The company traded as low as $19.56 and last traded at $19.89, approximately 4,648,042 shares traded hands during mid-day trading. An increase of 31% from the average daily volume of 3,544,632 shares. The stock had previously closed at $21.12.
A number of brokerages recently commented on OSTK. BidaskClub upgraded Overstock.com from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. DA Davidson set a $48.00 price target on Overstock.com and gave the stock a “buy” rating in a research report on Wednesday. Zacks Investment Research upgraded Overstock.com from a “sell” rating to a “hold” rating in a research report on Thursday, July 11th. Maxim Group restated a “buy” rating and issued a $40.00 price target (up previously from $34.00) on shares of Overstock.com in a research report on Friday, August 9th. Finally, ValuEngine upgraded Overstock.com from a “hold” rating to a “buy” rating in a research report on Saturday, August 10th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $44.00.
The company has a debt-to-equity ratio of 0.22, a current ratio of 0.88 and a quick ratio of 0.82. The company has a market cap of $745.31 million, a P/E ratio of -3.20 and a beta of 2.40. The stock has a 50-day moving average of $19.59 and a 200 day moving average of $16.31.
Overstock.com (NASDAQ:OSTK) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.69) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.92) by $0.23. The company had revenue of $373.70 million for the quarter, compared to analysts’ expectations of $376.66 million. Overstock.com had a negative return on equity of 66.84% and a negative net margin of 9.43%. Overstock.com’s revenue was down 22.6% on a year-over-year basis. During the same quarter last year, the business earned ($2.20) earnings per share. Sell-side analysts predict that Overstock.com Inc will post -3.31 EPS for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Overstock.com by 30.0% during the 2nd quarter. Vanguard Group Inc. now owns 1,513,402 shares of the company’s stock valued at $20,583,000 after acquiring an additional 348,893 shares during the period. BlackRock Inc. lifted its position in Overstock.com by 17.5% during the second quarter. BlackRock Inc. now owns 1,855,395 shares of the company’s stock valued at $25,234,000 after purchasing an additional 275,844 shares in the last quarter. Morgan Stanley lifted its position in Overstock.com by 5.6% during the second quarter. Morgan Stanley now owns 4,192,384 shares of the company’s stock valued at $57,017,000 after purchasing an additional 222,811 shares in the last quarter. D. E. Shaw & Co. Inc. purchased a new position in Overstock.com during the second quarter valued at $2,277,000. Finally, SG Americas Securities LLC lifted its position in Overstock.com by 374.3% during the second quarter. SG Americas Securities LLC now owns 201,541 shares of the company’s stock valued at $2,741,000 after purchasing an additional 159,049 shares in the last quarter. Institutional investors and hedge funds own 57.61% of the company’s stock.
Overstock.com Company Profile (NASDAQ:OSTK)
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 décor, 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.
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