In yesterday’s Wall Street session, Overstock.com Inc. (NASDAQ:OSTK) shares traded at $35.02, up 12.64% from the previous session.
As of this writing, 10 analysts cover Overstock.com Inc. (NASDAQ:OSTK). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $92.00 and a low of $19.00, we find $37.00. Given the previous closing price of $31.09, this indicates a potential upside of 19.01 percent. OSTK stock price is now 42.90% away from the 50-day moving average and 57.61% away from the 200-day moving average. The market capitalization of the company currently stands at $1.57B.
There are 8 analysts who have given it a hold rating, whereas 2 have given it a buy rating. Brokers who have rated the stock have averaged $43.50 as their price target over the next twelve months.
With the price target reduced from $29 to $19, Piper Sandler Downgraded its rating from Overweight to Neutral for Overstock.com Inc. (NASDAQ: OSTK).
In other news, Nickle Eric Glen, CHIEF LEGAL OFFICER sold 2,000 shares of the company’s stock on Mar 13. The stock was sold for $34,380 at an average price of $17.19. Upon completion of the transaction, the CHIEF LEGAL OFFICER now directly owns 15,434 shares in the company, valued at $0.54 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 21, Director Corbus Barclay F sold 2,334 shares of the business’s stock. A total of $49,364 was realized by selling the stock at an average price of $21.15. This leaves the insider owning 50,273 shares of the company worth $1.76 million. Insiders disposed of 68,910 shares of company stock worth roughly $2.41 million over the past 1 year. A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in OSTK stock. A new stake in Overstock.com Inc. shares was purchased by CHIMERA CAPITAL MANAGEMENT LLC during the first quarter worth $11,987,000. JUMP FINANCIAL, LLC invested $6,972,000 in shares of OSTK during the first quarter. In the first quarter, BOOTHBAY FUND MANAGEMENT, LLC acquired a new stake in Overstock.com Inc. valued at approximately $3,999,000. HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND acquired a new stake in OSTK for approximately $2,872,000. TWINBEECH CAPITAL LP purchased a new stake in OSTK valued at around $2,279,000 in the second quarter. In total, there are 310 active investors with 63.70% ownership of the company’s stock.
Thursday morning saw Overstock.com Inc. (NASDAQ: OSTK) opened at $34.30. During the past 12 months, Overstock.com Inc. has had a low of $17.05 and a high of $35.20. As of last week, the company has a debt-to-equity ratio of 0.06, a current ratio of 2.00, and a quick ratio of 2.00. The fifty day moving average price for OSTK is $24.81 and a two-hundred day moving average price translates $22.27 for the stock.
The latest earnings results from Overstock.com Inc. (NASDAQ: OSTK) was released for Mar, 2023. According to the Internet Retail Company, earnings per share came in at -$0.1, beating analysts’ expectations of -$0.15 by 0.05. This compares to $0.23 EPS in the same period last year. The company reported revenue of $381.14 million for the quarter, compared to $536.04 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -28.9 percent. For the current quarter, analysts expect OSTK to generate $409.69M in revenue.
Overstock.com Inc.(OSTK) Company Profile
Overstock.com, Inc. operates as an online retailer in the United States. It offers furniture, décor, area rug, bedding and bath, home improvement, outdoor, and kitchen and dining items. The company provides its products and services through its internet websites comprising overstock.com, o.co, overstock.ca, and overstockgovernment.com. It also offers businesses advertising products or services on its website; Marketplace, a service that allows its partners to sell their products through third party sites; products to international customers using third party logistics providers; and Supplier Oasis, a single integration point through its partners can manage their products, inventory, and sales channels, as well as obtain multi-channel fulfillment services through its distribution network. The company was formerly known as D2-Discounts Direct and changed its name to Overstock.com, Inc. in October 1999. Overstock.com, Inc. was founded in 1997 and is headquartered in Midvale, Utah.
