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OSTK

Overstock.com

$14.15

0.58 (4.27%)

, BTC

Bitcoin

$0.00

(0.00%)

09:06
01/03/19
01/03
09:06
01/03/19
09:06

Overstock.com to pay Ohio state business taxes in Bitcoin

Overstock.com announced 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 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."We have long thought that thoughtful governmental adoption of emerging technologies such as cryptocurrencies is the best way to ensure the U.S. does not lose our place at the forefront of the ever-advancing global economy," said Overstock CEO and founder Patrick M. Byrne. "We are proud to partner with forward-thinking governments and officials like Ohio and Treasurer Mandel to help usher in an era of trust through technology for our nation's essential financial systems."

OSTK

Overstock.com

$14.15

0.58 (4.27%)

BTC

Bitcoin

$0.00

(0.00%)

BITCOIN

Bitcoin

$0.00

(0.00%)

OSTK Overstock.com
$14.15

0.58 (4.27%)

12/21/18
DADA
12/21/18
NO CHANGE
Target $58
DADA
Buy
DA Davidson sees encouraging signs for Overstock despite GSR disappointment
DA Davidson analyst Tom Forte said while he recognizes the recent disappointment regarding Overstock's inability to close its transactions with GSR Ventures, he is also seeing encouraging signs for the company's blockchain-related investments. "Lost in the disappointment of Monday" was the announcement that GSR Ventures and tZERO intend to work together to tokenize cobalt, which he sees as one example of potentially many regarding its ability to play an instrumental role in the creation and trading of tokens, Forte tells investors. He reiterates a Buy rating and $58 price target on Overstock shares and recommends purchasing at current levels, noting that his target includes a $31 per share valuation for its legacy home e-commerce business and $27 for its Medici Ventures portfolio of 19 blockchain companies, most of that being attributable to tZERO.
12/18/18
DADA
12/18/18
NO CHANGE
Target $58
DADA
Buy
Overstock.com price target lowered to $58 from $112 at DA Davidson
DA Davidson analyst Tom Forte slashed his price target on Overstock.com to $58 after the company's disclosure to investors that it was unable to finalize its GSR Ventures transaction by its mid-December target yesterday, pushing that deadline to February of next year. The analyst notes that investors responded to this management stumble by sending the stock price down over 20% from what he sees as "already depressed levels". Forte still keeps his Buy rating on Overstock.com, but states that his new valuation methodology is based on more of a "crawl, walk, run approach", even though he still values the company's 80% tZero holdings at a $1B valuation that equates to $27 per share and its retail business at 31 per share.
10/10/18
LOOP
10/10/18
NO CHANGE
Target $59
LOOP
Buy
Loop Capital 'optimistic' on Aaron's profitability ahead of Q3
Loop Capital analyst Anthony Chukumba kept his Buy rating and $59 price target on Aaron's (AAN) ahead of its Q3 earnings, saying his EPS estimate is 4c ahead of consensus based on his "optimistic profitability expectations". The analyst expects investors to focus on the company's "core business same store revenue growth and profitability, Progressive active door and invoice volume per active door growth, and Progressive's recently announced partnership with Overstock.com (OSTK). Chukumba further states that the implied 14.7-times valuation multiple of his expected FY19 earnings reflects "Progressive's substantial 'white space' opportunity and expectation of sequential improvement in the Aaron's Business".
10/04/18
GARP
10/04/18
UPGRADE
GARP
Buy
Overstock.com upgraded to Buy from Neutral at Garp Research
BTC Bitcoin
$0.00

(0.00%)

04/09/18
MSCO
04/09/18
NO CHANGE
Target $88
MSCO
Overweight
PayPal acceptance lead continues to grow, says Morgan Stanley
Morgan Stanley analyst James Faucette said his quarterly tracker shows PayPal maintains its online acceptance lead versus other digital wallets, with acceptance at 79% of the top 500 U.S. Internet retailers, despite investors being "overly concerned" about potential risk to its lead. In the same note, Faucette pointed out that Bitcoin acceptance remained unchanged, with 4 of the top 500 internet retailers he tracks still accepting the cryptocurrency. The analyst, who expects PayPal will continue to benefit from its lead and increasingly serve as a payment-of-choice for non-Amazon merchants, keeps his Overweight rating and $88 price target on the shares.
BITCOIN Bitcoin
$0.00

(0.00%)

07/11/18
NOMU
07/11/18
NO CHANGE
Target $85
NOMU
Buy
Square is not a play on bitcoin, says Nomura Instinet
Nomura Instinet analyst Dan Dolev disagrees with the notion that Square is a play on bitcoin. Cash App downloads have been accelerating despite the slump in bitcoin prices, Dolev tells investors in a research note. For perspective, Coinbase's monthly downloads have turned sharply negative in recent months, the analyst adds. He notes that his firm's payments app tracker shows Square Cash App downloads accelerated in May/June to up 154% year-over-year. Dolev keeps a Buy rating on the shares with an $85 price target. The stock closed yesterday up $1.72 to $64.76.
04/18/18
NOMU
04/18/18
NO CHANGE
Target $65
NOMU
Buy
Nomura Instinet ups Square price target to $65 on bitcoin boost
Nomura Instinet analyst Dan Dolev raised his price target for Square (SQ) shares to $65 from $64 saying the impact from bitcoin could be meaningful. The stock closed yesterday up $2.10 to $49.13. Opening Square Cash for bitcoin trading earlier this year could drive a "sizable boost" to revenue and profits, driving up to 10% potential upside to adjusted EBITDA guidance, Dolev tells investors in a research note. He sees bitcoin as helping to offset Square's rising investment costs to broaden its international presence. In asking if bitcoin will reshape the future of payments as Square CEO Jack Dorsey often argues, or if it will just be a passing fad, Dolev points out that the company's correlation with the cryptocurrency has been on a downward trend. Square shares are now less correlated with bitcoin than PayPal (PYPL), the payment networks or Alphabet (GOOG, GOOGL), Dolev contends. He maintains a Buy rating on Square.
01/08/18
PIPR
01/08/18
NO CHANGE
Target $115
PIPR
Overweight
Piper wonders if Microsoft is better than bitcoin
In a research note titled "Better Than Bitcoin?," Piper Jaffray analyst Alex Zukin updated his investment thesis on Microsoft and formally rolled out estimates for 2019. Azure revenues are still growing close to triple digits and channel checks suggest that the company's pipeline of Office 365 remain robust, Zukin tells investors in a research note. He believes his investment thesis on the shares is resonating and reiterates an Overweight rating on Microsoft with a $115 price target. The software giant closed Friday up $1.08 to $88.19. The analyst calls Azure the "single largest growth opportunity" at Microsoft.

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EADSY

Airbus

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Amarin

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Novo Nordisk

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TNK

Teekay Tankers

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MU

Micron

$47.70

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Western Digital

$50.34

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Micron

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WDC

Western Digital

$50.34

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OCLR

Bought by LITE

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ACIA

Acacia Communications

$67.08

0.58 (0.87%)

NPTN

NeoPhotonics

$8.57

0.08 (0.94%)

LITE

Lumentum

$68.91

0.91 (1.34%)

IIVI

II-VI

$29.45

0.19 (0.65%)

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AVEO

Aveo Pharmaceuticals

$0.64

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Aveo Pharmaceuticals presents new data from Phase 3 TIVO-3 trial of tivozanib »

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AMRN

Amarin

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WRK

WestRock

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JCOM

j2 Global

$95.90

1.17 (1.24%)

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Equity Lifestyle

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KRTX

Karuna Therapeutics

$17.26

-0.26 (-1.48%)

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Karuna Therapeutics: KarXT met primary endpoint in Phase 2 trial »

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EGFEY

Eurobank

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Splunk

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CANG

Cango

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Workday

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SoftBank

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Elastic

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OKTA

Okta

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1.45 (1.25%)

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National Bank of Greece

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Mitsubishi UFJ

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