Overstock.com Inc (NASDAQ:OSTK) has earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokers have set a 1-year consensus target price of $110.00 for the company and are predicting that the company will post ($0.03) earnings per share for the current quarter, according to Zacks. Zacks has also given Overstock.com an industry rank of 134 out of 265 based on the ratings given to its competitors.
OSTK has been the topic of several research reports. DA Davidson upped their price objective on shares of Overstock.com from $85.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, January 8th. BidaskClub upgraded shares of Overstock.com from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 9th.
In other news, SVP Carter Paul Lee sold 2,000 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $47.28, for a total value of $94,560.00. Following the completion of the sale, the senior vice president now owns 3,089 shares in the company, valued at approximately $146,047.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jonathan E. Johnson III sold 4,000 shares of the company’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $66.10, for a total transaction of $264,400.00. Following the completion of the sale, the insider now owns 30,092 shares of the company’s stock, valued at approximately $1,989,081.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,000 shares of company stock valued at $810,360. Company insiders own 28.90% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of OSTK. Schwab Charles Investment Management Inc. grew its position in Overstock.com by 0.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 64,899 shares of the company’s stock valued at $1,058,000 after buying an additional 456 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its position in Overstock.com by 113.6% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,990 shares of the company’s stock valued at $191,000 after buying an additional 1,590 shares during the period. Edge Wealth Management LLC bought a new position in Overstock.com during the fourth quarter valued at about $130,000. Nationwide Fund Advisors grew its position in Overstock.com by 20.1% during the second quarter. Nationwide Fund Advisors now owns 12,382 shares of the company’s stock valued at $202,000 after buying an additional 2,074 shares during the period. Finally, Pier 88 Investment Partners LLC bought a new position in Overstock.com during the fourth quarter valued at about $147,000. Hedge funds and other institutional investors own 55.67% of the company’s stock.
Overstock.com, Inc is an online retailer and incubator of blockchain technology. Through its online retail business, the Company offers a range of price-competitive brand name, non-brand name and closeout products, including furniture, home decor, bedding and bath, housewares, jewelry and watches, apparel and designer accessories, health and beauty products, electronics and computers, and sporting goods.
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