|Bid||0.00 x 800|
|Ask||0.00 x 1000|
|Day's Range||26.06 - 27.43|
|52 Week Range||24.14 - 89.80|
|Beta (3Y Monthly)||1.22|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 6, 2018 - Nov 12, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||93.50|
NEW YORK, Oct. 17, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
NEW YORK, Oct. 16, 2018 (GLOBE NEWSWIRE) -- tZERO, the global leader in blockchain innovation for capital markets, today announced it has completed the issuance of preferred tZERO security tokens. Tokens were issued to investors who had fully funded signed agreements for future equity (SAFEs) prior to the August 6, 2018 close of the company’s Security Token Offering (STO). “This is one of the first Security Token Offerings on a decentralized public network, and was conducted in full compliance with the U.S. securities laws,” said tZERO CEO Saum Noursalehi.
On Monday, October 15, the company celebrated its customers with its first branded shopping holiday, Customer Day, which saw the largest number of products ever discounted during a single-day shopping event at Overstock. “We wanted to do something big for our customers, and the result was the largest single-day home sales event we have ever held,” said JP Knab, Chief Marketing Officer for Overstock.com. Customer Day was recorded as Overstock’s strongest non-Holiday sale in its history and one of its strongest days of 2018.
Overstock.com, Inc. (OSTK) turns 19 years old today and is celebrating with the biggest sale in its history, Customer Day. Customers can get an early start preparing their homes for holiday hosting with deals on a wide assortment of products, including deep discounts in categories like home décor, furniture, bedding, and Overstock’s exclusive private label brands.
Etsy (ETSY) is a fast-growing online retailer. The company started as a seller of craft and vintage items, but over the years, it added several other categories to its online platform. However, its strength in vintage craft and goods is its main driving force. Having the first mover’s advantage, the company has fended off competition from Amazon’s Handmade service. Also, relatively low seller fees are an added advantage.
There has been just one price revision for Etsy (ETSY) in the last 30 days. On October 2, Keybanc raised the price target to $59.00 from $51.00 earlier. Currently, Etsy’s mean target price is $51.00, which indicates a 30.8% upside to the stock price on October 11.
SALT LAKE CITY, Oct. 09, 2018 (GLOBE NEWSWIRE) -- Overstock.com, Inc. (OSTK) will celebrate 19 years with its biggest event ever: Overstock Customer Day. “We love helping customers find just what they want for less, and we wouldn’t be able to do that without their continued loyalty, so Customer Day is the one day of every year we dedicate to them,” said Patrick M. Byrne, founder and CEO of Overstock.com.
Medici Ventures, the leading blockchain accelerator and subsidiary of Overstock.com, Inc. (OSTK), announces its latest strategic investment in VinX, an Israel-based company developing a blockchain platform to streamline wine futures trading while reducing fraud through secure supply-chain tracking from product provenance. VinX plans to create a token-based digital wine futures platform based on the Bordeaux futures model that allows for the selling and trading of wine futures on a transparent and secure blockchain to create an even playing field for transactions on a global scale.
Small-cap stocks can be fertile ground for individual investors. Large-cap stocks tend to get the most coverage, but in small caps, investors can find an edge.
Overstock.com CEO Patrick Byrne has acquired a stake in blockchain startup, Medici Land Governance (MLG). Byrne purchased a 43 percent stake in the blockchain land registry in a private transaction.Blockchain land registries have been getting a lot of traction around the world, as they promise a viable solution to the problem of fragmented paper records and unverifiable claims.Medici Land Governance, the blockchain-powered property rights subsidiary of Overstock, was founded in 2018 to help people legitimize the ownership of their properties using blockchain and other technologies. MLG is one of the portfolio companies under Medici Ventures — Overstock's blockchain tech accelerator wing — which includes other blockchain projects such as tZero and Factom.“Proper land governance is the crystallization of the rule of law and the foundation of a successful, prosperous and free society," Byrne noted in the announcement.In an interview with Bitcoin Magazine , Byrne said he believes secure land titling and property management systems have the potential to eliminate poverty across the world. “Once individuals in emerging economies have systems in place to help them establish formal ownership of their property, they can more easily access credit and public services necessary to become a true, sustainable member of the global economy," he said. “Blockchain land registry systems are a large step in the goal to democratize capital, and I’m proud to be a member of the team leading that charge."Medici Land Governance CEO Dr. Ali El Husseini describes the investment from the Overstock CEO as a "vote of confidence” in the land registry's “unprecedented mission.”“Patrick Byrne’s investment comes at a pivotal time as we are coordinating staff, resources and technology at two locations separated by continents with the aid of governmental and global partners, most notably the World Bank,” he remarked. “Teams both in the African nation and the U.S. are implementing the basic infrastructure and formal digital tools to deliver land titles to holders.”Medici Land Governance recently signed an MOU with the World Bank to create, implement and evaluate pilot programs that ensure secure land tenure for underdeveloped communities. The blockchain startup also inked a deal with the Zambian government to overhaul the current land ownership system in a bid to allow rural landowners to formalize the ownership of their estates and gain access to the financial world. This article originally appeared on Bitcoin Magazine.
Medici Land Governance, a blockchain portfolio company of Overstock.com, Inc. (OSTK) subsidiary Medici Ventures that is focused on applying blockchain and other technologies to land and property rights management, has announced Overstock founder and CEO Patrick M. Byrne has purchased 43% of the company in a private transaction. “It’s no secret that I believe using blockchain technology to bring proper land governance to the world is a major step towards reducing global poverty,” said Dr. Byrne. From the time I first realized the world-changing potential of the blockchain, I have been working to develop a way to use it to provide a secure, immutable record of property to help entrepreneurs from any economic background join the global economy.
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In recent weeks, we have given considerable attention to Overstock.com Inc. (OSTK) and its efforts to transform itself from an internet retailer struggling to survive in the shadow of Amazon (AMZN) into the premier player in blockchain technology. In our first research note on Overstock, we discussed the strategic efforts to build a range of blockchain technologies, largely through its wholly owned subsidiary, Medici Ventures. Warning! GuruFocus has detected 4 Warning Signs with OSTK.
As a result, its operating income in the first quarter fell to -$54.4 million compared to its operating income of -$2.3 million in the first quarter of 2017. In the second quarter, its operating income fell to -$66.5 million compared to -$9.7 million in the second quarter of 2017.
WILMINGTON, Del., Sept. 21, 2018 /PRNewswire/ -- Grant & Eisenhofer won a jury verdict on behalf of a whistleblower who exposed a scheme by Overstock.com (OSTK) to avoid reporting and remitting to Delaware millions of dollars in dormant gift cards. Following a five-day trial in Delaware Superior Court, a 12-person jury found that Overstock failed to report and remit unredeemed gift card balances that by law should have been reported to the State of Delaware as unclaimed property. As a result, Overstock was found to have violated Delaware's False Claims and Reporting Act over a four-year period (2010-13).
Since last May, Overstock has stressed that changes in natural search engine algorithms made by Google have been negatively affecting its revenue. Why does Overstock want to offload its e-commerce unit?
The fading cryptocurrency craze and the underwhelming financial performance of the company’s retail division have kept investors worried. Cryptocurrencies have always been looked at with skepticism by regulatory authorities due to security risks. Overstock is looking to divest its online retail operations to become a blockchain-focused company along with its subsidiaries tZero and Medici Ventures.
Its legacy online retailing business has suffered badly in recent years, resulting in a strategic shift toward other pursuits. Chief among these has been a push, through wholly-owned subsidiary Medici Ventures, into the arena of blockchain technology and crypto. Specifically, CEO Patrick Byrne's decision to sell 10% of his holdings and then write a lengthy letter to shareholders in order to justify his move.
Overstock.com, Inc. (OSTK) recently launched its newest addition to Overstock Financial Services, a fully integrated lease-to-own purchase option provided through Progressive Leasing, a wholly-owned subsidiary of Aaron’s, Inc. (AAN). This new service adds a simple and affordable purchase option for Overstock customers to lease products for up to 12 months. The lease-to-own program expands Overstock’s financial services, which already provides lending, investment, credit cards, and insurance services to Overstock customers.
Why are the analysts bullish? About 56.0% of the nine analysts covering Etsy (ETSY) stock recommended a “buy” as of September 13. Another 33% of analysts recommended “hold” on the stock, and the remaining 11% analysts rated it as a “sell.” Analysts are bullish for Etsy, as the company’s strategic efforts are heading in a positive direction. There have been two price changes for the stock in the last 30 days.