Overstock.com, Inc. (NASDAQ:OSTK) has received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Brokerages have set a one year consensus price objective of $36.00 for the company and are forecasting that the company will post ($0.09) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Overstock.com an industry rank of 201 out of 265 based on the ratings given to related companies.

Several analysts have weighed in on the stock. DA Davidson lifted their price objective on shares of Overstock.com from $28.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, September 28th. BidaskClub upgraded shares of Overstock.com from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th.

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In other news, insider Jonathan E. Johnson III sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $22.10, for a total value of $33,150.00. Following the completion of the transaction, the insider now directly owns 69,592 shares in the company, valued at approximately $1,537,983.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jonathan E. Johnson III sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $20.00, for a total transaction of $120,000.00. Following the completion of the transaction, the insider now owns 71,092 shares of the company’s stock, valued at $1,421,840. The disclosure for this sale can be found here. Insiders sold a total of 31,500 shares of company stock valued at $756,570 in the last quarter. Corporate insiders own 28.90% of the company’s stock.

Several large investors have recently modified their holdings of the company. Bank of New York Mellon Corp raised its position in shares of Overstock.com by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 62,181 shares of the company’s stock valued at $1,070,000 after buying an additional 274 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Overstock.com by 0.7% in the 2nd 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 in the last quarter. American International Group Inc. raised its position 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. Nationwide Fund Advisors raised its position 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. Finally, Public Employees Retirement System of Ohio raised its position 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. Institutional investors own 44.36% of the company’s stock.

Shares of Overstock.com (NASDAQ OSTK) traded up 8.88% on Friday, hitting $38.00. 3,291,051 shares of the stock were exchanged. Overstock.com has a one year low of $13.05 and a one year high of $38.19. The firm’s market capitalization is $950.00 million. The company has a 50-day moving average price of $27.65 and a 200-day moving average price of $19.45.

Overstock.com (NASDAQ:OSTK) last announced its earnings results on Thursday, August 3rd. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.32). The company had revenue of $432.02 million for the quarter. Overstock.com had a negative return on equity of 6.36% and a negative net margin of 0.73%. Equities research analysts expect that Overstock.com will post ($0.48) earnings per share for the current year.

About Overstock.com

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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