Analysts Expect Overstock.com, Inc. (OSTK) to Announce ($0.09) EPS
Overstock.com, Inc. (NASDAQ:OSTK) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 1-year consensus price target of $36.00 for the company and are anticipating that the company will post ($0.09) earnings per share for the current quarter, according to Zacks. Zacks has also given Overstock.com an industry rank of 227 out of 265 based on the ratings given to related companies.
A number of brokerages have recently weighed in on OSTK. DA Davidson upped their target price on Overstock.com from $28.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, September 28th. BidaskClub upgraded Overstock.com from a “hold” rating to a “buy” rating in a report on Saturday, August 12th.
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Overstock.com (NASDAQ:OSTK) last issued its earnings results on Thursday, August 3rd. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.32). The business had revenue of $432.02 million during the quarter. Overstock.com had a negative net margin of 0.73% and a negative return on equity of 6.36%.
In related news, insider Jonathan E. Johnson III sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $20.00, for a total value of $120,000.00. Following the completion of the sale, the insider now owns 71,092 shares of the company’s stock, valued at approximately $1,421,840. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Carter Paul Lee sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $18.51, for a total value of $37,020.00. Following the completion of the sale, the senior vice president now directly owns 8,958 shares of the company’s stock, valued at approximately $165,812.58. The disclosure for this sale can be found here. In the last three months, insiders sold 32,500 shares of company stock valued at $773,570. 28.90% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio grew its stake in shares of Overstock.com by 16.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 6,124 shares of the company’s stock valued at $105,000 after buying an additional 854 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Overstock.com in the 1st quarter valued at approximately $122,000. American International Group Inc. grew its stake in shares of Overstock.com by 7.0% in the 1st quarter. American International Group Inc. now owns 8,130 shares of the company’s stock valued at $140,000 after buying an additional 535 shares in the last quarter. AXA bought a new stake in shares of Overstock.com in the 2nd quarter valued at approximately $176,000. Finally, Nationwide Fund Advisors grew its stake in shares of Overstock.com by 5.9% in the 1st quarter. Nationwide Fund Advisors now owns 10,308 shares of the company’s stock valued at $177,000 after buying an additional 571 shares in the last quarter. 44.33% of the stock is owned by institutional investors and hedge funds.
Overstock.com Company Profile
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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