Overstock.com (OSTK) Raised to “Sell” at BidaskClub

Overstock.com (NASDAQ:OSTK) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

Several other equities analysts also recently issued reports on the stock. ValuEngine upgraded shares of Overstock.com from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. DA Davidson cut their price objective on shares of Overstock.com from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Monday, March 19th. TheStreet downgraded shares of Overstock.com from a “c-” rating to a “d” rating in a report on Tuesday, March 20th. Finally, Zacks Investment Research downgraded shares of Overstock.com from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Overstock.com has a consensus rating of “Hold” and an average price target of $62.50.

Shares of Overstock.com stock opened at $37.35 on Wednesday. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of -20.64 and a beta of 1.75. The company has a quick ratio of 1.36, a current ratio of 1.42 and a debt-to-equity ratio of 0.16. Overstock.com has a one year low of $37.45 and a one year high of $40.10.

Overstock.com (NASDAQ:OSTK) last announced its earnings results on Thursday, March 15th. The company reported ($2.71) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($2.68). The firm had revenue of $456.29 million during the quarter, compared to the consensus estimate of $526.18 million. Overstock.com had a negative return on equity of 69.29% and a negative net margin of 8.81%. sell-side analysts anticipate that Overstock.com will post -4.5 EPS for the current year.

In other news, SVP Carter Paul Lee sold 2,000 shares of the company’s stock in a transaction dated Friday, May 11th. The shares were sold at an average price of $35.80, for a total transaction of $71,600.00. Following the transaction, the senior vice president now owns 8,735 shares in the company, valued at $312,713. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 28.90% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of OSTK. Edge Wealth Management LLC acquired a new position in shares of Overstock.com during the fourth quarter valued at about $130,000. Pier 88 Investment Partners LLC acquired a new position in shares of Overstock.com during the fourth quarter valued at about $147,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Overstock.com by 113.6% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,990 shares of the company’s stock valued at $191,000 after acquiring an additional 1,590 shares in the last quarter. Delpha Capital Management LLC acquired a new position in shares of Overstock.com during the first quarter valued at about $201,000. Finally, LPL Financial LLC acquired a new position in shares of Overstock.com during the fourth quarter valued at about $208,000. Hedge funds and other institutional investors own 62.97% of the company’s stock.

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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