Overstock.com (NASDAQ:OSTK) had its price target hoisted by DA Davidson from $85.00 to $110.00 in a research note issued to investors on Monday. DA Davidson currently has a buy rating on the stock.

Separately, BidaskClub lowered shares of Overstock.com from a buy rating to a hold rating in a report on Thursday, December 7th.

Overstock.com (OSTK) traded down $5.75 during mid-day trading on Monday, hitting $81.15. 6,325,795 shares of the company traded hands, compared to its average volume of 5,000,000. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.78 and a current ratio of 0.86. Overstock.com has a 52 week low of $13.75 and a 52 week high of $89.80. The company has a market cap of $2,030.00, a price-to-earnings ratio of -188.72 and a beta of 1.36.

Overstock.com (NASDAQ:OSTK) last released its earnings results on Wednesday, November 8th. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.06. Overstock.com had a negative net margin of 0.61% and a negative return on equity of 4.95%. The company had revenue of $424.00 million for the quarter, compared to analyst estimates of $452.60 million. The business’s quarterly revenue was down 4.0% on a year-over-year basis. equities analysts predict that Overstock.com will post -0.47 earnings per share for the current fiscal year.

In other Overstock.com news, Director Joseph J. Tabacco, Jr. sold 2,000 shares of the stock in a transaction on Friday, November 10th. The shares were sold at an average price of $51.95, for a total transaction of $103,900.00. Following the completion of the sale, the director now owns 42,099 shares of the company’s stock, valued at approximately $2,187,043.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Amit Goyal sold 2,762 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $55.49, for a total transaction of $153,263.38. The disclosure for this sale can be found here. Insiders have sold a total of 24,386 shares of company stock valued at $1,279,021 in the last three months. 28.90% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP purchased a new stake in Overstock.com during the 3rd quarter valued at $215,000. Cubist Systematic Strategies LLC purchased a new stake in Overstock.com during the 3rd quarter valued at $448,000. Cornerstone Capital Management Holdings LLC. boosted its position in Overstock.com by 46.9% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 171,338 shares of the company’s stock valued at $5,088,000 after buying an additional 54,700 shares during the period. Partnervest Advisory Services LLC purchased a new stake in Overstock.com during the 3rd quarter valued at $244,000. Finally, Dimensional Fund Advisors LP boosted its position in Overstock.com by 3.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,631,200 shares of the company’s stock valued at $48,446,000 after buying an additional 53,031 shares during the period. 47.74% of the stock is owned by institutional investors and hedge funds.

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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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