Overstock.com - OSTK Stock Forecast, Price & News

Overstock.com, Inc. operates as an online retailer in the United States. The company offers furniture, décor, area rug, bedding and bath, home improvement, outdoor, and kitchen and dining items. It provides its products and services through its internet websites comprising overstock.com, o.co, overstock.ca, and overstockgovernment.com. The company also offers businesses advertising products or services on its website; Market Partner, a service that allows its partners to sell their products through third party sites; products to international customers using third party logistics providers; and Supplier Oasis, a single integration point through its partners can manage their products, inventory, and sales channels, as well as obtain multi-channel fulfillment services through its distribution network. The company was formerly known as D2-Discounts Direct and changed its name to Overstock.com, Inc. in October 1999. Overstock.com, Inc. was founded in 1997 and is headquartered in Midvale, Utah.

Analyst Ratings Changes

Several brokerages recently commented on OSTK. Wedbush reduced their price objective on shares of Overstock.com from $95.00 to $66.00 in a research note on Thursday, April 28th. DA Davidson reduced their target price on shares of Overstock.com from $116.00 to $69.00 in a research report on Friday, July 29th. Raymond James started coverage on shares of Overstock.com in a research report on Wednesday, June 29th. They issued a "market perform" rating on the stock. Finally, Bank of America reduced their target price on shares of Overstock.com from $35.00 to $34.00 and set a "neutral" rating on the stock in a research report on Thursday, July 28th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Overstock.com presently has an average rating of "Moderate Buy" and an average price target of $82.86.

Overstock.com Stock Performance

OSTK traded up $2.53 during midday trading on Monday, hitting $31.47. 105,661 shares of the company traded hands, compared to its average volume of 2,057,570. The company has a quick ratio of 1.92, a current ratio of 1.94 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $1.44 billion, a PE ratio of 19.62, a price-to-earnings-growth ratio of 27.34 and a beta of 3.69. The company's 50-day moving average is $28.91 and its 200 day moving average is $37.41. Overstock.com has a 52 week low of $24.69 and a 52 week high of $111.28.

Overstock.com (NASDAQ:OSTK - Get Rating) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.15). The company had revenue of $528.12 million during the quarter, compared to the consensus estimate of $600.73 million. Overstock.com had a return on equity of 8.43% and a net margin of 3.41%. The firm's quarterly revenue was down 33.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.72 earnings per share. On average, research analysts expect that Overstock.com will post 0.72 EPS for the current year.

Insider Buying and Selling

In other Overstock.com news, CEO Jonathan E. Johnson III bought 1,000 shares of the firm's stock in a transaction dated Thursday, August 4th. The stock was acquired at an average cost of $28.83 per share, for a total transaction of $28,830.00. Following the completion of the transaction, the chief executive officer now owns 126,234 shares in the company, valued at $3,639,326.22. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In other Overstock.com news, insider Krista Dalton sold 2,000 shares of Overstock.com stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $29.33, for a total value of $58,660.00. Following the transaction, the insider now owns 5,370 shares in the company, valued at $157,502.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jonathan E. Johnson III purchased 1,000 shares of the firm's stock in a transaction on Thursday, August 4th. The stock was bought at an average cost of $28.83 per share, with a total value of $28,830.00. Following the completion of the acquisition, the chief executive officer now directly owns 126,234 shares of the company's stock, valued at approximately $3,639,326.22. The disclosure for this purchase can be found here. 1.10% of the stock is owned by corporate insiders.