13.61 0.00 (0.00%)
After hours: 7:01PM EST
|Bid||13.61 x 1400|
|Ask||13.83 x 800|
|Day's Range||13.33 - 14.11|
|52 Week Range||12.33 - 83.60|
|Beta (3Y Monthly)||2.60|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 13, 2019 - Mar 18, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||66.50|
In 1999 Patrick Byrne was appointed CEO of Overstock.com, Inc. (NASDAQ:OSTK). This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. Read More...
Buffett and Munger Called the Pop of the Bitcoin Bubble ## Bitcoin Cryptocurrencies have been one of the most talked-about subjects among investors in the last couple of years. Until the end of 2017, all looked well with the world’s largest cryptocurrency, bitcoin, as it surged nearly 1,340% that year. It was the third consecutive year that bitcoin yielded a solid positive return, which caught the attention of even those investors who previously used to call it worthless. Last year, billionaire investors Warren Buffett and Charlie Munger warned about the cryptocurrencies (GBTC) bubble, which seems to have been bursting lately. Let’s take a closer look. ## Buffett and Munger on bitcoin bubble During a CNBC interview about a year ago, Berkshire Hathaway chair and CEO Buffett said, “In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending, when it happens or how or anything else, I don’t know.” He showed his confidence in his opinion by adding, “If I could buy a five-year put on every one of the cryptocurrencies, I’d be glad to do it, but I would never short a dime’s worth.” Later in May 2018, Buffett’s long-time friend and Berkshire’s vice chair, Charlie Munger, went a step further. Munger called bitcoin “worthless, artificial gold.” He added, “that is not something I think the world needs.” ## And they were right After yielding solid returns in 2017, bitcoin tanked over 73% in 2018. On Tuesday, it was trading below $4,000 with nearly 10% losses for the session. In the last few years, many chipmakers (SPY) like Advanced Micro Devices (AMD), NVIDIA (NVDA), and Intel (INTC) have invested in chips used for cryptocurrency mining. In the fourth quarter of 2018, AMD, NVDA, and INTC lost 40.2%, 52.5%, and 0.8%, respectively. During the same period, other US stocks such as Microsoft (MSFT), Overstock (OSTK), PayPal (PYPL), Square (SQ), Visa (V), Apple (AAPL), and Goldman Sachs (GS) also fell 11.2%, 51.0%, 4.3%, 43.3%, 12.1%, 30.1%, and 25.5%, respectively.
Can Etsy’s Good Run Continue in 2019? ## Goldman Sachs raises Etsy to “buy.” On January 4, Etsy (ETSY) stock surged ~8.0% and closed trading at $49.70 as Goldman Sachs revised its rating on the stock to “buy” from “neutral.” Also on January 4, overall markets were on the rise—mainly due to robust US jobs data for December. Both the S&P 500 and Dow Jones were up 3.4% and 3.3%, respectively, on January 4. Etsy stock has had a remarkable 2018 with the stock surging as much as 132.6% in 2018. In January so far, the stock has risen 4.5%. The strong financial performance and its formidable position in the online handicrafts market are driving its stock price. Etsy’s top-line growth is being driven by strategic measures (including cost cuts and a focus on the mobile platform) and its recent increases in seller fees. These strategic efforts are pushing the company in the right direction, causing analysts to be bullish on Etsy. About 67.0% of the 12 analysts covering Etsy stock have given it “buy” ratings as of January 4. The remaining 33% have given it “hold” ratings. Etsy’s mean target price is $56.83, which indicates a potential 14.4% upside, given its price on January 4. ## What’s Wall Street saying about Etsy’s peers? In comparison, for Overstock (OSTK), all three analysts covering the stock have provided “buy” recommendations. Overstock’s mean target price is $66.50, which indicates a potential 366.3% upside to its stock price on January 4. For Wayfair (W) 38.0% of the 24 analysts covering the stock have given it “buy” recommendations. Another 58.0% of analysts have given it “hold” ratings. Wayfair’s mean target price is $117.20, which indicates a potential 30.1% upside. Among Etsy’s larger peers, for Amazon (AMZN), 94.0% of the 47 analysts covering the stock gave it a “buy” rating. Just 4.0% of analysts have given it “hold” ratings. Amazon’s mean target price is $2,130.20, which indicates a potential 35.2% potential upside. Continue to Next Part Browse this series on Market Realist: * Part 2 - Will Etsy’s Strategic Efforts Keep Driving Its Top Line in 2019? * Part 3 - Comparing Etsy’s PE with Its Peers’
Online retailer Overstock.com (NASDAQ:OSTK) announced that it will pay a portion of its Ohio state business taxes in Bitcoin (BTC-USD), starting from this year. By paying taxes in Bitcoin, Overstock will be become the first major U.S. company to use Bitcoin for tax payment purpoases. Overstock Bitcoin Tax Payment The retailer will pay its commercial […] The post Overstock.com to Become First Major Firm to Pay Taxes in Bitcoin appeared first on Market Exclusive.
Here is what happened in the cryptocurrency market over the weekend. SEE: ACCIONA Uses Blockchain to Trace Renewable Electricity Generation SEE: Canadian Crypto Exchange Coinsquare Launches into European Union In the News IBM (NYSE: IBM) CEO Ginni Rometty will deliver the opening keynote address at CES 2019 on Tuesday, Jan. 8 on what is next […] The post Bitcoin News Crypto Currency Weekend Roundup January 6 appeared first on Market Exclusive.
Leading online retailer and blockchain technology pioneer Overstock.com, Inc. (OSTK) announced today that it will become the first major U.S. company to pay a portion of its Ohio state business taxes in bitcoin using the state’s new cryptocurrency taxpayer platform, OhioCrypto.com. Overstock plans to pay its commercial activity taxes (CAT) in Ohio this February using the recently-launched OhioCrypto.com platform, which allows taxpayers to pay state business taxes with bitcoin. Ohio is the first U.S. state to offer a cryptocurrency payment system for state business taxes.
Ryan McQueeney and Maddy Johnson discuss the week's wild movements in the stock market and look back upon the retail industry's top stories of 2018.
In the trailing 11 quarters, Wayfair (W) has missed EPS estimates seven times and beaten estimates in the remaining quarters.
Over the trailing 11 quarters, Wayfair (W) has beaten top-line estimates ten times, missing estimates just once. Wayfair beat analysts’ projections for all three quarters of 2018. On a year-over-year basis, revenue rose 46.2%, 47.4%, and 42.4%, respectively, in the first three quarters of 2018.
Overstock.com (NASDAQ:OSTK) blockchain subsidiary Medici Land Governance has agreed to build a blockchain-based land records and information platform for a Wyoming country. Medici Land, which focuses on land administration, has signed a memorandum of understanding with Teton County to develop the blockchain-based platform in 2019. Blockchain-Powered Property and Land Information Platform Under the terms of […] The post This Wyoming County Is Creating Blockchain-Based Land Records Platform appeared first on Market Exclusive.
Blockchain technology is one of the hottest buzzwords among investors. Now, they’ll witness its power firsthand as the blockchain stock market era begins.
Here is what is happening in the cryptocurrency this weekend. SEE: SinglePoint Gives Projections On 2019 SEE: US Energy Initiatives Now Owns $5.1 Million Sumcoins In the News CoinNess, Asia’s largest crypto information provider, has launched the CNNS Partner Program, its global growth partner program. The company says that it will invest $5 million to […] The post Bitcoin News Cryptocurrency Weekend Roundup December 23 appeared first on Market Exclusive.
tZERO, the global leader in blockchain innovation for capital markets, announced today that Alan Konevsky has been appointed as its Chief Legal Officer (CLO). Konevsky, who was most recently a senior vice president at Mastercard, will oversee tZERO’s expanding legal, regulatory, public policy and compliance functions. Konevsky will lead tZERO’s in-house legal team, and will report to tZERO CEO, Saum Noursalehi.
Medici Ventures, the leading blockchain accelerator and subsidiary of Overstock.com, Inc., has conducted a digital securities token transfer representing its equity ownership in Portsmouth, New Hampshire-based Chainstone Labs. The digital security was issued by Chainstone Labs to Medici Ventures using the Ravencoin blockchain. Ravencoin is an open-source, public blockchain built to help users create and manage tokens and digital assets such as securities.
Regulatory crackdowns and increasing skepticism regarding bitcoin trade contributed to the cryptocurrency fall, which has also contributed to Overstock’s dismal stock price trajectory. CEO Patrick Byrne set February as the deadline to offload retail operations to fund its tZERO and Medici Ventures. Also, news that bitcoin could fall to zero may have contributed to the stock price decline yesterday.
NEW YORK, NY / ACCESSWIRE / December 18, 2018 / U.S. equities extended losses on Monday as investors await details from the Federal Reserve's final policy meeting of 2018 on Wednesday. The Dow Jones Industrial ...
Bitcoin's price peaked and then popped a year ago. The believers continue to believe, arguing that prices don't matter. But that's denying reality.
The matter in hand is the wall that President Trump wants to build alongside the U.S.-Mexico border to reduce people from Mexico moving stateside. The POTUS is seeking for $5 billion in funding for the wall, while Democratic lawmakers are saying that this number is too high. If the two parties do not reach a solution on the matter, funding will run out for many major agencies at midnight Dec. 21, leading to a government shutdown before 2018 ends.
Overstock.com, Inc. (OSTK) and its subsidiary tZERO Group, Inc., the global leader in blockchain innovation for capital markets, announced today that Hong Kong-based private equity firm GSR Capital has retained tZERO to develop a smart contract token that will be utilized for an upcoming sale of cobalt.
In the trailing 11 quarters, Etsy (ETSY) has beaten EPS estimates six times, either missing or matching estimates in the remaining quarters. In the first quarter of 2018, Etsy recorded adjusted EPS of $0.10, beating analysts’ estimate of $0.06. In the second quarter, the company’s adjusted EPS were $0.03, below analysts’ estimate of $0.04 and reflective of a 70% fall YoY (year-over-year).
In the last 11 quarters, Etsy (ETSY) has topped revenue estimates ten times and missed estimates just once. On the other hand, in the third quarter, revenue grew 41.3% on a YoY (year-over-year) basis. Its top line grew ~25.0% and 30.2% YoY in the first and second quarters, respectively.
About 58.0% of the 12 analysts covering Etsy (ETSY) stock have given it “buy” ratings as of December 12. The remaining analysts have given it “hold” ratings. Analysts are bullish on Etsy because its strategic efforts are pushing it in the right direction, as is evidenced by its strong financial performance and stock price movement. There have been no price changes on Etsy stock in the last 15 days.