Overstock.com Inc. (NASDAQ:OSTK) has earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokers have set a one year consensus price objective of $20.00 for the company, according to Zacks. Zacks has also assigned Overstock.com an industry rank of 112 out of 265 based on the ratings given to its competitors.
Overstock.com (NASDAQ:OSTK) opened at 15.02 on Tuesday. The firm has a market capitalization of $380.71 million, a P/E ratio of 36.02 and a beta of 0.13. Overstock.com has a one year low of $10.03 and a one year high of $17.93. The stock has a 50 day moving average price of $15.32 and a 200 day moving average price of $15.79.
Overstock.com (NASDAQ:OSTK) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.15. Overstock.com had a return on equity of 14.96% and a net margin of 0.62%. On average, equities analysts predict that Overstock.com will post $0.43 EPS for the current fiscal year.
In other Overstock.com news, SVP Carter Paul Lee sold 2,987 shares of the firm’s stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $15.32, for a total transaction of $45,760.84. Following the completion of the sale, the senior vice president now directly owns 9,089 shares in the company, valued at $139,243.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Stormy Simon acquired 70,000 shares of the business’s stock in a transaction on Friday, July 15th. The shares were bought at an average price of $16.96 per share, with a total value of $1,187,200.00. Following the completion of the transaction, the president now directly owns 147,417 shares of the company’s stock, valued at $2,500,192.32. The disclosure for this purchase can be found here. Company insiders own 27.40% of the company’s stock.
A number of large investors have recently modified their holdings of OSTK. State Street Corp increased its stake in shares of Overstock.com by 5.0% in the first quarter. State Street Corp now owns 211,285 shares of the company’s stock valued at $3,036,000 after buying an additional 10,054 shares during the period. Geode Capital Management LLC increased its stake in shares of Overstock.com by 9.2% in the first quarter. Geode Capital Management LLC now owns 105,043 shares of the company’s stock valued at $1,510,000 after buying an additional 8,822 shares during the period. Metropolitan Life Insurance Co. NY bought a new stake in shares of Overstock.com during the first quarter valued at about $139,000. Eqis Capital Management Inc. increased its stake in shares of Overstock.com by 2.6% in the second quarter. Eqis Capital Management Inc. now owns 16,366 shares of the company’s stock valued at $264,000 after buying an additional 407 shares during the period. Finally, Acadian Asset Management LLC increased its stake in shares of Overstock.com by 21.4% in the second quarter. Acadian Asset Management LLC now owns 280,594 shares of the company’s stock valued at $4,520,000 after buying an additional 49,426 shares during the period. Hedge funds and other institutional investors own 41.60% of the company’s stock.
Overstock.com, Inc is an online retailer offering a range of merchandise, including furniture, home decor, bedding and bath, houseware, jewelry and watches, apparel and designer accessories, health and beauty products, electronics and computers, and sporting goods, among other products. The Company operates through two segments: direct business and partner business.
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