Overstock.com, Inc. (NASDAQ:OSTK) has received a “Hold” rating from analysts, according to Bloomberg. This consensus rating is based on the opinions of nine analysts who have covered the stock. Out of these analysts, seven have given a hold rating and two have assigned a buy rating to the company.

The average 12-month price objective for Overstock.com, as determined by brokerages that have covered the stock in the past year, is $38.29. This indicates the projected value of the stock over the next 12 months.

In recent news related to Overstock.com, their Chief Technology Officer (CTO), Joel Weight, sold 2,500 shares of the company’s stock on Wednesday, August 2nd. The shares were sold at an average price of $36.25, resulting in a total value of $90,625. Following this transaction, Weight now holds 12,373 shares directly in Overstock.com, with an approximate value of $448,521.25. The sale was disclosed through a legal filing with the Securities & Exchange Commission (SEC), which can be accessed via their official website.

Additionally, CTO Joel Weight sold another 2,500 shares on Wednesday, August 2nd at an average price of $36.25 per share. This brought the total value of this sale to $90,625. Following this transaction as well, Weight now owns 12,373 shares worth approximately $448,521.25.

Furthermore, Director William Benjamin Nettles Jr., acquired 2,052 shares of Overstock.com’s stock on Tuesday,August 22nd at an average price of $24.68 per share.The total worth of his purchase amounts to $50.,64336.As a result,Nattles currently owns10,,385 shares valued around$25630180.Information about this acquisition can be found here.

Insiders presently hold 1.30% of the company’s stock.

Overstock.com recently reported its earnings for the quarter ending on July 27th. The company posted an EPS (earnings per share) of ($0.02), surpassing the consensus estimate of ($0.09) by $0.07. However, Overstock.com had a negative return on equity of 0.25%, alongside a negative net margin of 8.17%. During the same quarter last year, the company earned $0.19 EPS, indicating a decrease in revenue by 20.1%.

Equities research analysts forecast that Overstock.com will report -1.38 earnings per share for the current fiscal year.

In conclusion, Overstock.com has received mixed reviews from analysts, with some recommending holding onto the stock and others suggesting buying it. The recent sales and acquisitions by insiders reflect their own confidence in the company’s future prospects and may indicate their belief that the stock is undervalued or overvalued at present prices. Investors should carefully consider these factors before making any decisions regarding investing in Overstock.com.

United Airlines Holdings, Inc.

UAL

Strong Buy

Updated on: 01/10/2023

Financial Health

Very Healthy

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Debt to equity ratio: Strong Buy

Price to earnings ratio: Buy

Price to book ratio: Strong Buy

DCF: Strong Buy

ROE: Buy

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Price Target

Current $42.30

Concensus $57.47

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Low $33.00

Median $56.00

High $93.00

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Social Sentiments

We did not find social sentiment data for this stock

Analyst Ratings

Analyst / firm	Rating
Jamie Baker J.P. Morgan	Buy
Savanthi Syth Raymond James	Buy
Citigroup	Buy
Cowen & Co.	Buy
Christopher Stathoulopoulos Susquehanna	Buy

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Analyzing the Perplexing Outlook for Overstock.com (OSTK) Shares: Divergent Analyst Reports and Shifting Institutional Positions Create Uncertainty

On September 30, 2023, analysts have released various reports on OSTK shares, shedding light on the recent developments surrounding Overstock.com. One noteworthy report came from Bank of America, which lowered their price target for Overstock.com from $39.00 to $24.00. This adjustment reflects a significant decrease and indicates a change in the outlook for the company’s stock.

Similarly, Jefferies Financial Group revised their price target for Overstock.com from $19.00 to $32.00 in their research report on June 30th. It is intriguing to observe the contrasting viewpoints presented by these analysts and the perplexity it creates when attempting to understand the trajectory of the company’s stock.

Another reputable financial institution, Piper Sandler, offered its perspective by raising its price objective on Overstock.com from $20.00 to $35.00 while maintaining a “neutral” rating. This shift implies some level of optimism but still raises questions about the rationale behind these differing assessments.

In contrast, Wedbush restated an “outperform” rating and set a price objective of $43.00, emphasizing its positive outlook on Overstock.com’s potential performance. These divergent opinions further contribute to the bewildering nature surrounding this issue.

DA Davidson took a slightly different stance by decreasing their price objective for Overstock.com from $87.00 to $85.00 while maintaining a “buy” rating on the stock; however, it remains unclear what motivated this downward revision.

Large institutional investors have also made notable changes to their positions in OSTK recently, which adds another layer of complexity to this situation. Brown Brothers Harriman & Co., for instance, purchased a new stake in Overstock.com valued at approximately $26,000 during the second quarter.

Covestor Ltd also increased its position in Overstock.com by 48.1% during the same period—now owning 994 shares of the company. Additionally, Tobam acquired a new stake in Overstock.com valued at around $34,000 during the second quarter, indicating a potential belief in the company’s future prospects.

On the other hand, FMR LLC has boosted its position in Overstock.com by 40.0% since the first quarter of this year—now owning 1,758 shares valued at $36,000. Similarly, Captrust Financial Advisors increased their holdings by 61.7%, further highlighting the interest of institutional investors despite contradictory analyses.

As for the stock performance itself, OSTK opened at $15.91 on Friday. It is noteworthy that Overstock.com experienced a fifty-two week low of $15.61 and a fifty-two week high of $39.27, illustrating significant fluctuations within this time period.

The stock currently holds a fifty-day moving average of $26.09 and a 200-day moving average of $23.24—an aspect that adds to the challenge of fully comprehending how it may perform over time. Moreover, Overstock.com boasts a market capitalization of $719.13 million and features a price-to-earnings ratio of -5.29 with a beta of 3.61—a notable deviation from traditional valuation metrics.

In conclusion, these recent reports and shifting positions by institutional investors have brought about an environment rife with perplexity surrounding Overstock.com’s stock performance. The variance in assessments by different analysts raises questions about its true trajectory and creates an air of uncertainty among stakeholders interested in participating in this venture.