In a report released yesterday, Allen Klee from Maxim Group maintained a Buy rating on Overstockcom (OSTK). The company’s shares opened today at $9.64, close to its 52-week low of $9.06.
Klee wrote:
“Effective immediately, Maxim Group is restricted on Overstock.com (OSTK) and is unable to provide commentary during this restricted period.”
According to TipRanks.com, Klee has 0 stars on 0-5 star ranking scale with an average return of -18.5% and a 24.5% success rate. Klee covers the Technology sector, focusing on stocks such as Sify Technologies Limited, Dolphin Entertainment Inc, and ATN International Inc.
Currently, the analyst consensus on Overstockcom is a Moderate Buy with an average price target of $48.
See today’s analyst top recommended stocks >>
Based on Overstockcom’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $38.68 million. In comparison, last year the company had a GAAP net loss of $49.72 million.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is neutral on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Overstock.com, Inc. operates on online shopping commercial site. The firm also sells these products through www.overstock.com, www.o.com, and www.o.biz. It operates through the following business segments: Retail, tZERO, and Other. The Retail Segment engages in e-commerce sales through its website.
