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OSTK

Overstock.com

$35.85

0.325 (0.91%)

08:01
04/09/18
04/09
08:01
04/09/18
08:01

Overstock.com's tZERO unveils security token trading software

tZERO, the blockchain-meets-Wall-Street subsidiary of Overstock.com, announces the prototype of its planned security token trading software. The demo link displays a video demonstrating how security tokens may be traded on this platform. Overstock.com and tZERO CEO Patrick Byrne said, "In August 2015, Overstock used tZERO's blockchain technology to issue what we believe was the world's first private blockchain security, a $5 million bond to First New York Securities. In December 2015, Overstock filed with the SEC an S-3 registration statement to register a preferred stock digital security utilizing tZERO's blockchain technology, which was subsequently declared effective in December 2016. Overstock used that S-3 to issue what we believe was the world's first public blockchain security, OSTKP, utilizing tZERO technology once again. Now we are unveiling tZERO's security token trading software: the astute viewer of our progress can look at this, and the collection of strategic assets we have assembled, and get an idea of the breadth of what we intend."

OSTK Overstock.com
$35.85

0.325 (0.91%)

03/16/18
DADA
03/16/18
NO CHANGE
Target $100
DADA
Buy
DA Davidson still confident in Overstock thesis, but warns of 'precipitous' drop
DA Davidson Tom Forte said he "fully anticipates" Overstock shares will "decline precipitously on Friday" following the company's Q4 report, though he continues to have a high degree of confidence in his base case view that the company will sell its home e-commerce business and can create significant value from its Medici Ventures portfolio of 10 companies with "varying degrees" of leverage to the blockchain. After adjusting projections following earnings, Forte lowered his valuation of the legacy home e-commerce business to $48 from $58 and keeps a $52 per share valuation for Medici Ventures, leading him to lower his price target on Overstock to $100 from $110. He maintains a Buy rating on the shares, which are down 13% to $42 in pre-market trading.
03/26/18
LOOP
03/26/18
NO CHANGE
Target $87
LOOP
Buy
Wayfair pullback is a 'buying opportunity', says Loop Capital
Loop Capital analyst Laura Champine views the recent pullback in the price of Wayfair (W) stock as a buying opportunity, keeping her Buy rating and $87 price target. The analyst notes that investors sold on worries about heightened competition underscored by comments from Overstock (OSTK) on March 15th about spending more on advertising, adding she does not expected Overstock's home furnishing budget ramp-up to be sufficiently significant to affect Wayfair. Champine believes that Wayfair's "early mover advantage" in a niche category will prove sustainable, along with its "best-in-class selection" and delivery network as "key competitive advantages".
04/03/18
PIPR
04/03/18
NO CHANGE
Target $92
PIPR
Overweight
Wayfair valuation becoming attractive, says Piper Jaffray
Piper Jaffray analyst Peter Keith lowered his price target for Wayfair to $92 from $112 but says the valuation is becoming attractive following the recent selloff. The analyst reiterates an Overweight rating on the shares. The pending Supreme Court case on e-commerce sales tax should be a relative non-event for Wayfair, Keith tells investors in a research note. Further, the analyst believes recent comments by Overstock.com (OSTK) to gain share through increased spending "appears likely easier said than done." Keith thinks Way-day - Wayfair's Prime-day equivalent - will run during Q2 and likely serve as a near-term positive.
04/03/18
DADA
04/03/18
NO CHANGE
Target $100
DADA
Buy
Overstock's e-commerce and Medici Ventures still offer value, says DA Davidson
DA Davidson analyst Tom Forte keeps his Buy rating and $100 price target on Overstock.com, saying the company's legacy e-commerce business and its cryptocurrency exposure through the Medici Ventures subsidiary offer "significant value". Forte believes the e-commerce business alone could be valued at $48 per share on speculation of a strategic tie-up as he anticipates a "material improvement" in sales trends in Q1. The analyst also sees the completion of the tZERO ICO as a significant potential near-term catalyst.

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BX

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PEGA

Pegasystems

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GOOG

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Alphabet

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NAVB

Navidea

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Navidea receives noncompliance notice from NYSE American »

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PNC

PNC Financial

$142.03

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RCI

Rogers Communications

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IEX

IDEX Corp.

$151.57

-0.375 (-0.25%)

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ALGN

Align Technology

$350.54

-18.07 (-4.90%)

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Align Technology VP Stuart Hockridge sells over $1M in company stock »

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SYMC

Symantec

$18.56

-0.1 (-0.54%)

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CAAP

Corporacion America Airport

$9.15

-0.18 (-1.93%)

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ALGN

Align Technology

$350.54

-18.07 (-4.90%)

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ACXM

Acxiom

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MDXG

MiMedx

$3.97

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DL

China Distance Education

$7.85

-0.36 (-4.38%)

17:11
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BPY

Brookfield Property

$19.71

0.06 (0.31%)

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GGP

$21.41

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Brookfield Property

$19.71

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GGP

GGP

$21.41

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SGMS

Scientific Games

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CACI

CACI

$180.30

-1.2 (-0.66%)

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CACI

CACI

$180.30

-1.2 (-0.66%)

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BGG

Briggs & Stratton

$18.41

-0.13 (-0.70%)

16:43
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Briggs & Stratton sees FY19 EPS $1.35-$1.55, consensus $1.25 »

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NSP

Insperity

$110.70

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BGG

Briggs & Stratton

$18.41

-0.13 (-0.70%)

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Briggs & Stratton reports Q4 adjusted EPS 47c, consensus 41c »

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