Shares of Overstock.com Inc (NASDAQ:OSTK) have been assigned a consensus recommendation of “Hold” from the seven analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $58.00.
Several equities analysts have recently commented on OSTK shares. DA Davidson cut Overstock.com to a “buy” rating and set a $58.00 target price for the company. in a research note on Tuesday, December 18th. They noted that the move was a valuation call. BidaskClub upgraded Overstock.com from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 4th. Maxim Group reiterated a “buy” rating and set a $75.00 target price on shares of Overstock.com in a research note on Wednesday, November 7th. ValuEngine cut Overstock.com from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, Zacks Investment Research cut Overstock.com from a “hold” rating to a “sell” rating in a research note on Thursday, November 15th.
Shares of Overstock.com stock traded up $1.25 on Thursday, hitting $21.06. 4,282,091 shares of the company’s stock traded hands, compared to its average volume of 3,354,498. 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 has a 52-week low of $12.33 and a 52-week high of $63.50.
Several hedge funds have recently bought and sold shares of OSTK. Metropolitan Life Insurance Co. NY raised its position in shares of Overstock.com by 303.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,168 shares of the company’s stock valued at $97,000 after acquiring an additional 5,392 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Overstock.com by 250.0% during the 3rd quarter. Fifth Third Bancorp now owns 7,000 shares of the company’s stock valued at $194,000 after acquiring an additional 5,000 shares in the last quarter. American International Group Inc. raised its position in shares of Overstock.com by 10.4% during the 4th quarter. American International Group Inc. now owns 15,178 shares of the company’s stock valued at $206,000 after acquiring an additional 1,429 shares in the last quarter. National Asset Management Inc. acquired a new stake in shares of Overstock.com during the 3rd quarter valued at approximately $210,000. Finally, InterOcean Capital LLC acquired a new stake in shares of Overstock.com during the 3rd quarter valued at approximately $212,000. 68.26% of the stock is currently 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.
Further Reading: Price-Sales Ratio
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