ValuEngine lowered shares of Overstock.com (NASDAQ:OSTK) from a buy rating to a hold rating in a research report report published on Friday.

OSTK has been the subject of a number of other reports. Zacks Investment Research raised shares of Overstock.com from a hold rating to a buy rating and set a $38.00 target price for the company in a report on Thursday, July 5th. GARP Research initiated coverage on shares of Overstock.com in a report on Thursday, September 6th. They issued a neutral rating for the company. BidaskClub raised shares of Overstock.com from a sell rating to a hold rating in a report on Saturday, July 7th. Finally, DA Davidson raised their target price on shares of Overstock.com from $90.00 to $112.00 and gave the company a buy rating in a report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Overstock.com currently has an average rating of Hold and an average target price of $75.00.

OSTK stock opened at $25.95 on Friday. Overstock.com has a fifty-two week low of $23.10 and a fifty-two week high of $89.80. The company has a quick ratio of 0.85, a current ratio of 0.91 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $754.26 million, a P/E ratio of -14.34 and a beta of 1.40.

Overstock.com (NASDAQ:OSTK) last posted its earnings results on Thursday, August 9th. The company reported ($2.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.82) by ($1.38). Overstock.com had a negative net margin of 11.74% and a negative return on equity of 95.14%. The business had revenue of $483.10 million during the quarter, compared to analysts’ expectations of $474.15 million. During the same period last year, the business posted ($0.29) earnings per share. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. analysts predict that Overstock.com will post -5.43 earnings per share for the current year.

In other Overstock.com news, SVP Seth Moore sold 2,000 shares of Overstock.com stock in a transaction on Wednesday, July 18th. The shares were sold at an average price of $42.85, for a total transaction of $85,700.00. Following the completion of the transaction, the senior vice president now directly owns 9,204 shares of the company’s stock, valued at $394,391.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Patrick Byrne sold 147,499 shares of Overstock.com stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $25.65, for a total transaction of $3,783,349.35. Following the transaction, the chief executive officer now directly owns 1,050,023 shares of the company’s stock, valued at $26,933,089.95. The disclosure for this sale can be found here. Insiders have sold 932,102 shares of company stock valued at $24,167,241 over the last ninety days. 24.20% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Allianz Asset Management GmbH boosted its stake in shares of Overstock.com by 93.7% during the first quarter. Allianz Asset Management GmbH now owns 1,744,410 shares of the company’s stock valued at $63,235,000 after purchasing an additional 843,959 shares during the period. BlackRock Inc. boosted its stake 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 valued at $51,928,000 after purchasing an additional 442,091 shares during the period. Passport Capital LLC purchased a new stake in shares of Overstock.com during the first quarter valued at $18,868,000. Millennium Management LLC boosted its stake in shares of Overstock.com by 429.1% during the second quarter. Millennium Management LLC now owns 470,244 shares of the company’s stock valued at $15,824,000 after purchasing an additional 381,369 shares during the period. Finally, CSat Investment Advisory L.P. purchased a new stake in shares of Overstock.com during the second quarter valued at $6,802,000. 56.80% of the stock is owned by hedge funds and other institutional investors.

About Overstock.com

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; and other products.

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