Overstock.com (NASDAQ:OSTK) had its target price hoisted by research analysts at DA Davidson from $66.00 to $103.00 in a report issued on Friday, The Fly reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s price objective would indicate a potential upside of 36.26% from the stock’s current price.

A number of other equities analysts have also recently weighed in on OSTK. ValuEngine cut Overstock.com from a “buy” rating to a “hold” rating in a research note on Thursday, July 2nd. BidaskClub upgraded shares of Overstock.com from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 25th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $51.67.

NASDAQ OSTK opened at $75.59 on Friday. The stock has a market capitalization of $3.05 billion, a P/E ratio of -64.06 and a beta of 3.79. Overstock.com has a 1 year low of $2.53 and a 1 year high of $79.42. The business’s fifty day moving average is $38.43 and its two-hundred day moving average is $17.22. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.90 and a current ratio of 0.92.

Overstock.com (NASDAQ:OSTK) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.96. The business had revenue of $783.00 million during the quarter, compared to analyst estimates of $680.20 million. Overstock.com had a negative return on equity of 22.36% and a negative net margin of 2.05%. The company’s revenue was up 109.8% compared to the same quarter last year. During the same period last year, the company posted ($0.69) EPS.

In related news, Director Robert Jacob Shapiro purchased 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was acquired at an average cost of $13.00 per share, for a total transaction of $39,000.00. Following the completion of the acquisition, the director now owns 3,000 shares in the company, valued at approximately $39,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Meghan Tuohig sold 750 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $36.20, for a total transaction of $27,150.00. Following the transaction, the insider now directly owns 13,985 shares in the company, valued at $506,257. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,469 shares of company stock valued at $458,575. Company insiders own 1.30% of the company’s stock.

Several large investors have recently modified their holdings of the business. UBS Group AG increased its stake in shares of Overstock.com by 285.2% in the second quarter. UBS Group AG now owns 180,003 shares of the company’s stock worth $5,117,000 after acquiring an additional 133,278 shares during the last quarter. Emerald Advisers LLC purchased a new position in Overstock.com in the second quarter valued at about $142,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Overstock.com by 180.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,370 shares of the company’s stock worth $153,000 after purchasing an additional 3,456 shares during the last quarter. Strs Ohio purchased a new stake in shares of Overstock.com during the 2nd quarter worth about $73,000. Finally, SG Americas Securities LLC raised its stake in shares of Overstock.com by 51.4% during the 2nd quarter. SG Americas Securities LLC now owns 19,417 shares of the company’s stock worth $552,000 after purchasing an additional 6,588 shares in the last quarter. 40.50% of the stock is owned by institutional investors.

Overstock.com Company Profile

Overstock.com, Inc operates as an online retailer in the United States and internationally. It operates through Retail and tZERO segments. The company offers furniture; and home d├ęcor, including rugs, bedding and bath, home improvement, kitchen items, and other related products. It also operates Worldstock Fair Trade, a store that provides handcrafted products; Pet Adoptions, a free service and portal to display pets available for adoption; and Overstock Hotels, a portal that enables customers to search and book properties within its Website.

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