DA Davidson analyst Tom Forte keeps his Buy rating and $48 price target on Overstock.com, saying that he remains confident in its financial services market disruption potential despite the recent "setbacks". The analyst cites the company's announcement that investors can trade the dividend in its Series A-1 Preferred Stock immediately rather than after a 6-month holding period as well as last night's Form 4 disclosure that its former CEO and founder Patrick Byrne cashed out his 4.7M share holding. Forte maintains however that the latter development is a positive for the company as it minimizes Byrne's influence as Overstock's largest shareholder and also increases the likelihood of a sale of its retail business. The analyst still expects the company's current CEO Jonathan Johnson to unlock "meaningful value" from its legacy home e-commerce business and its blockchain technology portfolio.