Overstockcom (OSTK) Gets a Buy Rating from Maxim Group

By Jason Carr

Maxim Group analyst Allen Klee maintained a Buy rating on Overstockcom (OSTKResearch Report) today and set a price target of $75. The company’s shares closed yesterday at $16.95, close to its 52-week low of $16.57.

Klee said:

“We expect the Retail segment to show improving results from senior management hires, focusing on customer experience and targeting and improving Club O and Search Engine Optimization (SEO) traffic.”

According to TipRanks.com, Klee ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -8.7% and a 31.8% success rate. Klee covers the Technology sector, focusing on stocks such as Net 1 Ueps, Stampscom, and Agilysys.

Currently, the analyst consensus on Overstockcom is a Moderate Buy with an average price target of $75.

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The company has a one-year high of $89.80 and a one-year low of $16.57. Currently, Overstockcom has an average volume of 1.71M.

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock.

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Overstock.com, Inc. engages in the operation of and 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: Direct, Partner, and Other. The Direct business segment includes sales made to individual consumers and businesses.