Overstock.com (OSTK) Rating Lowered to D at TheStreet

TheStreet downgraded shares of Overstock.com (NASDAQ:OSTK) from a c- rating to a d rating in a research report released on Tuesday morning.

A number of other equities research analysts have also recently issued reports on OSTK. BidaskClub cut Overstock.com from a buy rating to a hold rating in a research note on Thursday, December 7th. DA Davidson upped their price objective on Overstock.com from $85.00 to $110.00 and gave the stock a buy rating in a research note on Monday, January 8th. Finally, Zacks Investment Research cut Overstock.com from a hold rating to a strong sell rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating and two have given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $62.50.

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Shares of Overstock.com (NASDAQ OSTK) opened at $45.20 on Tuesday. Overstock.com has a 12 month low of $13.75 and a 12 month high of $89.80. The stock has a market capitalization of $1,376.77, a P/E ratio of -10.59 and a beta of 1.57. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.17 and a current ratio of 1.24.

In other news, insider Jonathan E. Johnson III sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $66.10, for a total transaction of $264,400.00. Following the sale, the insider now owns 30,092 shares in the company, valued at approximately $1,989,081.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 28.90% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Overstock.com by 113.6% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,990 shares of the company’s stock worth $191,000 after acquiring an additional 1,590 shares during the last quarter. Edge Wealth Management LLC acquired a new position in shares of Overstock.com during the 4th quarter worth approximately $130,000. Pier 88 Investment Partners LLC acquired a new position in shares of Overstock.com during the 4th quarter worth approximately $147,000. LPL Financial LLC acquired a new position in shares of Overstock.com during the 4th quarter worth approximately $208,000. Finally, Bank of Montreal Can increased its holdings in shares of Overstock.com by 347.9% during the 4th quarter. Bank of Montreal Can now owns 4,479 shares of the company’s stock worth $286,000 after acquiring an additional 3,479 shares during the last quarter. Institutional investors own 69.08% of the company’s stock.

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Overstock.com Company Profile

Overstock.com, Inc is an online retailer and incubator of blockchain technology. Through its online retail business, the Company offers a range of price-competitive brand name, non-brand name and closeout products, including furniture, home decor, bedding and bath, housewares, jewelry and watches, apparel and designer accessories, health and beauty products, electronics and computers, and sporting goods.

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