In a report released today, Allen Klee from Maxim Group maintained a Buy rating on Overstockcom (OSTK), with a price target of $40. The company’s shares opened today at $25.19.
According to TipRanks.com, Klee is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -13.0% and a 27.8% 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 $44.
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Based on Overstockcom’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $24.35 million. In comparison, last year the company had a GAAP net loss of $63.42 million.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock.
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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.
