DA Davidson started coverage on shares of Overstock.com, Inc. (NASDAQ:OSTK) in a research report sent to investors on Wednesday morning. The firm issued a buy rating and a $28.00 target price on the stock.

A number of other research analysts have also issued reports on the company. BidaskClub upgraded Overstock.com from a hold rating to a buy rating in a research report on Saturday, August 12th. Maxim Group set a $25.00 price objective on Overstock.com and gave the company a buy rating in a report on Thursday, May 11th. Finally, TheStreet lowered Overstock.com from a c rating to a d+ rating in a report on Friday, May 26th.

Overstock.com (NASDAQ:OSTK) traded up 0.41% during mid-day trading on Wednesday, hitting $24.35. 176,839 shares of the company were exchanged. The firm has a 50 day moving average price of $18.86 and a 200 day moving average price of $17.08. The stock’s market cap is $608.75 million. Overstock.com has a 12 month low of $13.05 and a 12 month high of $24.95.

Overstock.com (NASDAQ:OSTK) last issued its quarterly earnings results on Thursday, August 3rd. The company reported ($0.29) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.32. Overstock.com had a negative net margin of 0.73% and a negative return on equity of 6.36%. The firm had revenue of $432.02 million during the quarter. Analysts anticipate that Overstock.com will post ($0.17) EPS for the current fiscal year.

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In other news, insider Jonathan E. Johnson III sold 1,500 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $22.10, for a total transaction of $33,150.00. Following the sale, the insider now directly owns 69,592 shares of the company’s stock, valued at $1,537,983.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Carter Paul Lee sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $18.51, for a total value of $37,020.00. Following the sale, the senior vice president now directly owns 8,958 shares in the company, valued at $165,812.58. The disclosure for this sale can be found here. Insiders have sold 11,000 shares of company stock worth $215,670 over the last ninety days. 28.90% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its position in shares of Overstock.com by 16.2% during the first quarter. Public Employees Retirement System of Ohio now owns 6,124 shares of the company’s stock worth $105,000 after purchasing an additional 854 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Overstock.com during the first quarter worth $122,000. American International Group Inc. raised its position in shares of Overstock.com by 7.0% during the first quarter. American International Group Inc. now owns 8,130 shares of the company’s stock worth $140,000 after purchasing an additional 535 shares during the period. AXA acquired a new stake in shares of Overstock.com during the second quarter worth $176,000. Finally, Nationwide Fund Advisors raised its position in shares of Overstock.com by 5.9% during the first quarter. Nationwide Fund Advisors now owns 10,308 shares of the company’s stock worth $177,000 after purchasing an additional 571 shares during the period. 44.33% of the stock is currently owned by institutional investors.

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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