The Vanguard Group, Inc. has recently announced that it has increased stake in Overstock.com Inc. (NASDAQ:OSTK) by 0.06%. After grabbing 4.15 million shares, the institutional investor is now in possession of 2354.0 shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 9.21% having worth around $84.4 million. Moreover, BlackRock Fund Advisors increased its share by 0.14 million to have a control over 3.43 million shares. And D. E. Shaw & Co. LP raised its holdings to 0.31 million shares by acquiring 1.78 million shares or 3.96% of the stake.
Overstock.com Inc. (OSTK) concluded trading on 05/24/23 at a closing price of $17.92, with 1.05 million shares of worth about $18.83 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -26.95% during that period and on Wednesday the price saw a gain of about 1.82%. Currently the company’s common shares owned by public are about 45.07M shares, out of which, 44.50M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 10 analysts are covering the OSTK stock and their offered price forecasts bring an average price target of $32.92. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $92.00 and could fall to a lowest price of $19.00. The stock’s current price level is 45.57% above of average price target set by the analysts, while a rise to estimated low would result in gain of 5.68% for the stock. However, touching the estimated high of $92.00 would mean a gain of 80.52% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 76 times over the past 12 months. They bought 171,315 shares in 44 of the transactions. In 32 selling transactions, insiders dumped 68,910 shares.
Vanguard Total Stock Market ETF, Vanguard Small Cap Index Fund, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in Overstock.com Inc. Vanguard Total Stock Market ETF is currently holding 1.37 million shares of worth totaling $27.98 million. The company recently came buying 0.0 shares which brought its stake up to 3.05% of the company’s outstanding shares. Vanguard Small Cap Index Fund sold 288.0 shares, after which its hold over company’s outstanding shares shrunk to 2.60%, leaving 1.17 million shares with the mutual fund that have a worth of about $23.88 million. iShares Russell 2000 ETF, after selling 0.9 million shares, have now control over 2.00% of the stake in the company. It holds 13120.0 shares of worth $18.3 million.
Overstock.com Inc. (NASDAQ: OSTK) started trading at $17.50, below -$0.1 from concluding price of the previous day. However, the stock later moved at a day high price of 18.17, or with a gain of 1.82%. Stock saw a price change of -4.27% in past 5 days and over the past one month there was a price change of -1.27%. Year-to-date (YTD), OSTK shares are showing a performance of -7.44% which decreased to -34.17% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $17.05 but also hit the highest price of $35.20 during that period. The average intraday trading volume for Overstock.com Inc. shares is 1.40 million. The stock is currently trading -7.51% below its 20-day simple moving average (SMA20), while that difference is down -6.84% for SMA50 and it goes to -20.78% lower than SMA200.
The Vanguard Group, Inc. acquired 4.15 million shares of Overstock.com Inc. having value of about $84.4 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 2354.0 shares in the company valued at close to $42183.68, or have control over 0.06% stake in the company. Overstock.com Inc. (NASDAQ: OSTK) currently have 45.07M outstanding shares and institutions hold larger chunk of about 63.70% of that. Holding of mutual funds in the company is about 32.37% while other institutional holders and individual stake holders have control over 36.47% and 30.94% of the stake respectively.
The stock has a current market capitalization of $834.71M and its 3Y-monthly beta is at 3.38. It has posted earnings per share of -$1.25 in the same period. It has Quick Ratio of 2.00 while making debt-to-equity ratio of 0.06. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OSTK, volatility over the week remained 4.29% while standing at 4.93% over the month.
Analysts are in expectations that Overstock.com Inc. (OSTK) stock would likely to be making an EPS of -$0.09 in the current quarter, while forecast for next quarter EPS is -$0.05 and it is -$0.17 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.18 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.19 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -123.30% while it is estimated to increase by 41.40% in next year. EPS is likely to grow at an annualized rate of 41.30% for next 5-years, compared to annual growth of 23.90% made by the stock over the past 5-years.
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