BidaskClub upgraded shares of Overstock.com (NASDAQ:OSTK) from a strong sell rating to a sell rating in a research report released on Thursday morning, BidAskClub reports.

Several other analysts also recently commented on OSTK. DA Davidson lowered their target price on shares of Overstock.com from $58.00 to $51.00 and set a buy rating for the company in a report on Tuesday, March 19th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Overstock.com from a hold rating to a sell rating in a report on Wednesday, May 22nd. Finally, Maxim Group reiterated a buy rating on shares of Overstock.com in a report on Thursday, May 30th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $54.67.

Overstock.com stock opened at $11.57 on Thursday. Overstock.com has a 1-year low of $8.96 and a 1-year high of $48.00. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.92 and a quick ratio of 0.85.

Overstock.com (NASDAQ:OSTK) last announced its earnings results on Thursday, May 9th. The company reported ($1.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.93) by ($0.25). The firm had revenue of $367.73 million during the quarter, compared to analysts’ expectations of $360.91 million. Overstock.com had a negative net margin of 11.15% and a negative return on equity of 85.28%. The business’s revenue for the quarter was down 17.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.74) EPS. Research analysts predict that Overstock.com will post -3.31 earnings per share for the current fiscal year.

In other news, Director Joseph J. Tabacco, Jr. bought 5,000 shares of the stock in a transaction dated Wednesday, March 27th. The stock was bought at an average price of $18.20 per share, for a total transaction of $91,000.00. Following the completion of the acquisition, the director now directly owns 56,033 shares in the company, valued at approximately $1,019,800.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Paul Knab sold 2,500 shares of the firm’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $16.93, for a total transaction of $42,325.00. Following the sale, the insider now owns 15,812 shares of the company’s stock, valued at approximately $267,697.16. The disclosure for this sale can be found here. In the last quarter, insiders bought 70,000 shares of company stock valued at $771,000 and sold 910,305 shares valued at $10,789,683. Corporate insiders own 19.40% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Investors Research Corp purchased a new stake in Overstock.com during the first quarter worth about $28,000. Pearl River Capital LLC increased its stake in shares of Overstock.com by 209.7% in the first quarter. Pearl River Capital LLC now owns 4,054 shares of the company’s stock worth $68,000 after purchasing an additional 2,745 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of Overstock.com by 303.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,168 shares of the company’s stock worth $97,000 after purchasing an additional 5,392 shares in the last quarter. Emerald Advisers LLC purchased a new position in shares of Overstock.com in the first quarter worth about $222,000. Finally, Steward Partners Investment Advisory LLC purchased a new position in shares of Overstock.com in the first quarter worth about $229,000. Institutional investors and hedge funds own 60.67% of the company’s stock.

Overstock.com Company Profile

Overstock.com, Inc operates as an online retailer in the United States and internationally. It operates through Retail and tZERO segments. The company offers furniture; and home d├ęcor, including rugs, bedding and bath, home improvement, kitchen items, and other related products. It also operates Worldstock Fair Trade, a store that provides handcrafted products; Pet Adoptions, a free service and portal to display pets available for adoption; and Overstock Hotels, a portal that enables customers to search and book properties within its Website.

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