Overstock.com (OSTK) Shares Gap Down to $20.26

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Shares of Overstock.com Inc (NASDAQ:OSTK) gapped down prior to trading on Thursday . The stock had previously closed at $20.74, but opened at $20.26. Overstock.com shares last traded at $19.49, with a volume of 2353321 shares changing hands.

Several analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Overstock.com from a “sell” rating to a “hold” rating in a report on Thursday, January 10th. Maxim Group set a $75.00 target price on Overstock.com and gave the company a “buy” rating in a research report on Thursday, November 15th. ValuEngine downgraded Overstock.com from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. BidaskClub downgraded Overstock.com from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 18th. Finally, DA Davidson downgraded Overstock.com to a “buy” rating and set a $58.00 target price for the company. in a research report on Tuesday, December 18th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $57.00.

The stock has a market cap of $626.53 million, a price-to-earnings ratio of -11.25 and a beta of 1.97. The company has a quick ratio of 1.01, a current ratio of 1.09 and a debt-to-equity ratio of 0.01.

Overstock.com (NASDAQ:OSTK) last released its earnings results on Thursday, November 8th. The company reported ($1.55) earnings per share for the quarter, missing the consensus estimate of ($0.86) by ($0.69). The firm had revenue of $440.60 million during the quarter, compared to analyst estimates of $443.13 million. Overstock.com had a negative net margin of 14.21% and a negative return on equity of 105.90%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.03) earnings per share. On average, research analysts predict that Overstock.com Inc will post -6.19 EPS for the current year.

Several institutional investors have recently made changes to their positions in OSTK. BlackRock Inc. lifted its position in Overstock.com by 8.6% during the fourth quarter. BlackRock Inc. now owns 1,619,841 shares of the company’s stock worth $22,000,000 after buying an additional 128,649 shares during the period. Penserra Capital Management LLC lifted its position in Overstock.com by 19.5% during the fourth quarter. Penserra Capital Management LLC now owns 525,571 shares of the company’s stock worth $7,136,000 after buying an additional 85,888 shares during the period. Contrarius Investment Management Ltd lifted its position in Overstock.com by 353.3% during the fourth quarter. Contrarius Investment Management Ltd now owns 929,328 shares of the company’s stock worth $12,620,000 after buying an additional 724,330 shares during the period. Rhumbline Advisers lifted its position in Overstock.com by 50.9% during the fourth quarter. Rhumbline Advisers now owns 27,867 shares of the company’s stock worth $378,000 after buying an additional 9,401 shares during the period. Finally, D.A. Davidson & CO. lifted its position in Overstock.com by 13.4% during the fourth quarter. D.A. Davidson & CO. now owns 25,886 shares of the company’s stock worth $352,000 after buying an additional 3,057 shares during the period. 64.69% of the stock is owned by institutional investors and hedge funds.

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About Overstock.com (NASDAQ:OSTK)

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.

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