Stocks: Zacks: Brokerages Set $20.00 Price Target for the Overstock.com, Inc. (OSTK)

Stocks: Zacks: Brokerages Set $20.00 Price Target for the Overstock.com, Inc. (OSTK)

Overstock.com, Inc. (NASDAQ:OSTK) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokerages have set a one year consensus target price of $20.00 for the company, according to Zacks. Zacks has also given Overstock.com an industry rank of 87 out of 265 based on the ratings given to its competitors.

In other Overstock.com news, SVP Brian L. Popelka sold 1,500 shares of the firm’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $17.62, for a total value of $26,430.00. Following the sale, the senior vice president now directly owns 11,565 shares in the company, valued at approximately $203,775.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 27.40% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of the company. BlackRock Institutional Trust Company N.A. raised its stake in Overstock.com by 0.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 383,102 shares of the company’s stock valued at $6,172,000 after buying an additional 3,141 shares in the last quarter. BlackRock Fund Advisors raised its stake in Overstock.com by 9.9% in the second quarter. BlackRock Fund Advisors now owns 344,232 shares of the company’s stock valued at $5,546,000 after buying an additional 30,976 shares in the last quarter. BlackRock Inc. raised its stake in Overstock.com by 575.2% in the second quarter. BlackRock Inc. now owns 8,372 shares of the company’s stock valued at $135,000 after buying an additional 7,132 shares in the last quarter. BlackRock Investment Management LLC raised its stake in Overstock.com by 17.3% in the second quarter. BlackRock Investment Management LLC now owns 50,206 shares of the company’s stock valued at $809,000 after buying an additional 7,405 shares in the last quarter. Finally, BlackRock Advisors LLC raised its stake in Overstock.com by 52.0% in the second quarter. BlackRock Advisors LLC now owns 9,620 shares of the company’s stock valued at $155,000 after buying an additional 3,291 shares in the last quarter. Institutional investors own 42.96% of the company’s stock.

Overstock.com (NASDAQ:OSTK) opened at 17.50 on Wednesday. Overstock.com has a 52-week low of $10.03 and a 52-week high of $19.70. The firm has a 50-day moving average of $17.54 and a 200 day moving average of $16.15. The company has a market cap of $444.20 million, a PE ratio of 47.17 and a beta of 0.47.

Overstock.com Company Profile

Overstock.com, Inc is an online retailer offering a range of merchandise, including furniture, home decor, bedding and bath, houseware, jewelry and watches, apparel and designer accessories, health and beauty products, electronics and computers, and sporting goods, among other products. The Company operates through two segments: direct business and partner business.

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