Zacks Investment Research upgraded shares of Overstock.com (NASDAQ:OSTK) from a sell rating to a hold rating in a research report sent to investors on Thursday.

According to Zacks, “Overstock.com, Inc. is an online closeout retailer offering discount, brand-name merchandise for sale over the Internet. Their merchandise offerings include bed-and-bath goods, kitchenware, watches, jewelry, electronics, sporting goods and designer accessories. “

OSTK has been the subject of a number of other reports. BidaskClub raised shares of Overstock.com from a strong sell rating to a sell rating in a report on Tuesday, December 4th. GARP Research raised shares of Overstock.com from a neutral rating to a buy rating in a report on Thursday, October 4th. Maxim Group reaffirmed a buy rating and set a $75.00 price objective on shares of Overstock.com in a report on Wednesday, November 7th. DA Davidson lowered shares of Overstock.com to a buy rating and set a $58.00 price objective for the company. in a report on Tuesday, December 18th. They noted that the move was a valuation call. Finally, ValuEngine lowered shares of Overstock.com from a buy rating to a hold rating in a report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $57.00.

Overstock.com stock traded up $0.22 during midday trading on Thursday, hitting $15.27. The stock had a trading volume of 670,606 shares, compared to its average volume of 1,296,631. The firm has a market capitalization of $502.76 million, a price-to-earnings ratio of -8.44 and a beta of 1.99. Overstock.com has a 52-week low of $12.33 and a 52-week high of $83.60. The company has a current ratio of 1.09, a quick ratio of 1.01 and a debt-to-equity ratio of 0.01.

Overstock.com (NASDAQ:OSTK) last released its earnings results on Thursday, November 8th. The company reported ($1.55) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.86) by ($0.69). Overstock.com had a negative return on equity of 105.90% and a negative net margin of 14.21%. The firm had revenue of $440.60 million during the quarter, compared to analysts’ expectations of $443.13 million. During the same period in the prior year, the company posted ($0.03) earnings per share. The company’s revenue was up 3.9% compared to the same quarter last year. On average, analysts predict that Overstock.com will post -6.19 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Rhumbline Advisers boosted its position in shares of Overstock.com by 19.1% during the second quarter. Rhumbline Advisers now owns 19,816 shares of the company’s stock worth $667,000 after purchasing an additional 3,175 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Overstock.com by 16.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 98,288 shares of the company’s stock worth $3,308,000 after purchasing an additional 14,182 shares in the last quarter. GSA Capital Partners LLP boosted its position in shares of Overstock.com by 21.5% during the second quarter. GSA Capital Partners LLP now owns 12,202 shares of the company’s stock worth $411,000 after purchasing an additional 2,156 shares in the last quarter. BlackRock Inc. boosted its position in shares of Overstock.com by 40.1% during the second quarter. BlackRock Inc. now owns 1,543,190 shares of the company’s stock worth $51,928,000 after purchasing an additional 442,091 shares in the last quarter. Finally, BlueMountain Capital Management LLC boosted its position in shares of Overstock.com by 564.3% during the second quarter. BlueMountain Capital Management LLC now owns 23,143 shares of the company’s stock worth $779,000 after purchasing an additional 19,659 shares in the last quarter. 61.20% of the stock is owned by institutional investors and hedge funds.

Overstock.com Company Profile

Overstock.com, Inc operates as an online retailer in the United States. It operates in two segments, Direct and Partner. The company offers home and garden products, including furniture, home decor, garden and patio, kitchen and dining, bedding, home improvement, housewares, and other related products; jewelry and watches; clothing and accessories; electronics and computers; artisan-crafted products; and other products.

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