Stocks of Overstock.com Inc. (NASDAQ:OSTK) traded higher last session on Wall Street, down -1.91% to $20.59.
According to the data, Overstock.com Inc. (NASDAQ:OSTK) has 10 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $85.00 and a low of $19.00, we find $29.50. Given the previous closing price of $20.99, this indicates a potential upside of 40.54 percent. OSTK stock price is now -31.05% away from the 50-day moving average and -10.31% away from the 200-day moving average. The market capitalization of the company currently stands at $915.64M.
A total of 8 analysts have issued a hold rating and 2 have given it a buy rating. Brokers who have rated the stock have averaged $38.17 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, Nettles William Benjamin JR, Director bought 2,052 shares of the company’s stock on Aug 22. The stock was bought for $50,644 at an average price of $24.68. Upon completion of the transaction, the Director now directly owns 10,385 shares in the company, valued at $0.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 07, Director Messing Barbara sold 592 shares of the business’s stock. A total of $19,791 was realized by selling the stock at an average price of $33.43. This leaves the insider owning 5,635 shares of the company worth $0.12 million. Insiders disposed of 70,368 shares of company stock worth roughly $1.45 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 DISCOVERY CAPITAL MANAGEMENT, LLC / CT during the first quarter worth $11,302,000. SCOPUS ASSET MANAGEMENT, L.P. invested $9,207,000 in shares of OSTK during the first quarter. In the first quarter, SOVIERO ASSET MANAGEMENT, LP acquired a new stake in Overstock.com Inc. valued at approximately $8,957,000. JAT CAPITAL MGMT LP acquired a new stake in OSTK for approximately $7,065,000. CHIMERA CAPITAL MANAGEMENT LLC purchased a new stake in OSTK valued at around $7,048,000 in the second quarter. In total, there are 283 active investors with 63.70% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $20.80 for Overstock.com Inc. (NASDAQ: OSTK). During the past 12 months, Overstock.com Inc. has had a low of $17.05 and a high of $39.27. 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 1.90. The fifty day moving average price for OSTK is $29.79 and a two-hundred day moving average price translates $22.94 for the stock.
The latest earnings results from Overstock.com Inc. (NASDAQ: OSTK) was released for Jun, 2023. According to the Internet Retail Company, earnings per share came in at -$0.02, beating analysts’ expectations of -$0.09 by 0.07. This compares to $0.17 EPS in the same period last year. The net profit margin was -8.20% and return on equity was -21.70% for OSTK. The company reported revenue of $422.21 million for the quarter, compared to $528.12 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -20.05 percent. For the current quarter, analysts expect OSTK to generate $399.38M 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.
