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

A number of equities analysts recently weighed in on the stock. DA Davidson dropped their target price on shares of Overstock.com from $116.00 to $69.00 in a research report on Friday, July 29th. Bank of America lowered their price objective on shares of Overstock.com from $35.00 to $34.00 and set a "neutral" rating for the company in a research report on Thursday, July 28th. Raymond James began coverage on shares of Overstock.com in a research report on Wednesday, June 29th. They set a "market perform" rating for the company. Finally, Wedbush lowered their price objective on shares of Overstock.com from $95.00 to $66.00 in a research report on Thursday, April 28th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Overstock.com presently has an average rating of "Moderate Buy" and an average price target of $82.86.

Overstock.com Trading Up 1.9 %

Shares of OSTK traded up $0.55 during midday trading on Friday, hitting $28.94. The stock had a trading volume of 1,130,623 shares, compared to its average volume of 1,393,766. The firm has a market cap of $1.32 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 27.34 and a beta of 3.69. Overstock.com has a 1 year low of $24.69 and a 1 year high of $111.28. The stock's 50 day moving average is $28.91 and its 200 day moving average is $37.41. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.94 and a quick ratio of 1.89.

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

Insider Buying and Selling

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