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OSTK

Overstock.com

$13.54

2.765 (25.66%)

09:03
06/27/19
06/27
09:03
06/27/19
09:03

Overstock.com subsidiary tZERO launches crypto wallet mobile app

Overstock.com announced its subsidiary tZERO, through its tZERO Crypto unit, has launched its digital wallet and exchange services mobile app for digital currencies. The tZERO Crypto App enables users to buy, sell, and hold digital currencies efficiently and securely, directly on their mobile phone. The initial app launch supports bitcoin and ethereum trading and is compatible with iOS devices, with Android compatibility coming soon. tZERO Crypto is committed to compliance and safety, and the app uses biometric authentication to enhance security against hacks and lost passwords. It introduces tZERO's groundbreaking Private Key Recovery System, which allows funds to be restored if a user loses his or her private keys or smartphone.

OSTK Overstock.com
$13.54

2.765 (25.66%)

02/12/19
DADA
02/12/19
NO CHANGE
Target $60
DADA
Underperform
DA Davidson reiterates $60 target on Wayfair citing Amazon 'encroachment'
In a research earlier today titled "Encroachment Is a 5-Yard Penalty," DA Davidson analyst Tom Forte reiterated an Underperform rating on Wayfair with a $60 12-18 month price target. The stock in morning trading is up 1% to $120.89. Amazon.com (AMZN) announced yesterday that it was launching two private-label furniture brands in the U.K., Forte wrote to investors. The analyst sees the news as "yet another indication" of Amazon's intent to expand its efforts in the home category, including furniture. Yesterday's announcement follows Amazon's decision last December to lower third-party selling fees for the furniture category, the analyst points out. Forte views Amazon's efforts to ramp its sales in the home category as an increasing threat for Wayfair. Further, the analyst is monitoring the potential sale of Overstock's (OSTK) legacy home e-commerce business, as he thinks a sale to a large bricks and mortar retailer could also result in additional competition for Wayfair.
03/13/19
DADA
03/13/19
NO CHANGE
Target $58
DADA
Buy
Overstock.com 'compelling' on mispriced assets, says DA Davidson
DA Davidson analyst Tom Forte kept his Buy rating and $58 price target on Overstock.com, maintaining his view that the stock is "compelling" with e-commerce and blockchain assets as mis-priced. The analyst estimates $31 per share valuation in e-commerce "unlocked through sale to a strategic buyer" and $27 per share for the company's Medici ventures blockchain portfolio. Ahead of next week's earnings call, Forte forecasts Overstock.com to post a 6% revenue growth. The analyst adds that he is looking forward to the company allowing all investors, not just accredited ones to trade its tZERO security tokens.
03/19/19
DADA
03/19/19
NO CHANGE
Target $51
DADA
Buy
Overstock.com price target lowered to $51 from $58 at DA Davidson
DA Davidson analyst Tom Forte lowered his price target on Overstock.com to $51 after its Q4 earnings miss, modeling all of the reduction to its legacy e-commerce business while maintaining the valuation on its Medici Ventures business at $25 per share. The analyst also keeps his Buy rating on the company, noting the progress and plans for tZERO provide "ample reason" that the share price "does not properly reflect the value of its portfolio". Forte maintains his positive stance related to Medici's completed first cryptobond offering, completed first crypto stocking, and being "one of the first to complete a securitized token offering and to launch an alternative trading system."
03/20/19
DADA
03/20/19
NO CHANGE
Target $51
DADA
Buy
Overstock.com 10K filing anticipates Q1 revenue decline, says DA Davidson
DA Davidson analyst Tom Forte kept his Buy rating and $51 price target on Overstock.com after its 10-K filing release, which anticipates Q1 revenue to decline by 17%-19% from last year's levels and implies $361M-$370M vs. $421M consensus. The analyst cites the management's "intention to continue to scale back sales and marketing expenses and increase operating efficiencies" with staff reductions, but also remains positive on its Medici Ventures vision to develop blockchain technology, as highlighted in the company's Q4 earnings call.

TODAY'S FREE FLY STORIES

TXT

Textron

$54.02

0.59 (1.10%)

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TXT

Textron

$54.02

0.59 (1.10%)

06:32
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Textron raises FY19 EPS view to $3.65-$3.85 from $3.55-$3.75, consensus $3.70 »

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MRVL

Marvell

$25.73

-0.26 (-1.00%)

06:32
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ERIC

Ericsson

$9.61

-0.02 (-0.21%)

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Ericsson says in ongoing settlement negoiations with SEC, DOJ »

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ERIC

Ericsson

$9.61

-0.02 (-0.21%)

06:31
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Earnings
Ericsson reports Q2 non-IFRS EPS SEK59 vs. (SEK9) last year »

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TXT

Textron

$54.02

0.59 (1.10%)

06:30
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Earnings
Textron reports Q2 EPS 93c, consensus 86c »

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SHO

Sunstone Hotel

$13.54

-0.01 (-0.07%)

06:28
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06:28
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Sunstone Hotel rating change  »

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COP

ConocoPhillips

06:27
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ConocoPhillips rating change  »

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  • 30

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PEB

Pebblebrook Hotel

$27.37

-0.195 (-0.71%)

, HLT

Hilton

$99.87

0.68 (0.69%)

06:27
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06:27
Downgrade
Pebblebrook Hotel, Hilton, Marriott, Wyndham Hotels & Resorts rating change  »

Pebblebrook Hotel…

PEB

Pebblebrook Hotel

$27.37

-0.195 (-0.71%)

HLT

Hilton

$99.87

0.68 (0.69%)

MAR

Marriott

$143.94

1.17 (0.82%)

WH

Wyndham Hotels & Resorts

$61.20

0.5 (0.82%)

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EXLS

ExlService

$65.12

-0.45 (-0.69%)

06:23
07/17/19
07/17
06:23
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06:23
Downgrade
ExlService rating change  »

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  • 30

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GLOB

Globant

$106.97

-0.64 (-0.59%)

06:21
07/17/19
07/17
06:21
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06:21
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Globant rating change  »

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  • 02

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MUX

McEwen Mining

$1.72

-0.02 (-1.15%)

06:21
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Hot Stocks
McEwen Mining reports Q2 production 45,881 gold equivalent oz. »

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AMZN

Amazon.com

$2,010.00

-11 (-0.54%)

06:20
07/17/19
07/17
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06:20
Periodicals
Amazon exec Dave Clark defends company in CNN op-ed »

Dave Clark, Amazon's…

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WORK

Slack Technologies

$34.43

-0.35 (-1.01%)

, MSFT

Microsoft

$137.08

-1.86 (-1.34%)

06:19
07/17/19
07/17
06:19
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06:19
Initiation
Slack Technologies, Microsoft, Alphabet, Alphabet Class A initiated  »

Slack Technologies…

WORK

Slack Technologies

$34.43

-0.35 (-1.01%)

MSFT

Microsoft

$137.08

-1.86 (-1.34%)

GOOG

Alphabet

$1,152.97

2.58 (0.22%)

GOOGL

Alphabet Class A

$1,152.86

2.4 (0.21%)

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GOOG

Alphabet

$1,152.97

2.58 (0.22%)

, GOOGL

Alphabet Class A

$1,152.86

2.4 (0.21%)

06:18
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Periodicals
Google terminating 'Project Dragonfly' censored search engine for China, BI says »

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GOOG

Alphabet

$1,152.97

2.58 (0.22%)

GOOGL

Alphabet Class A

$1,152.86

2.4 (0.21%)

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ADBE

Adobe

$305.76

-2.95 (-0.96%)

06:18
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PRGS

Progress Software

$40.57

-1.04 (-2.50%)

06:16
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Progress Software rating change  »

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GOOGL

Alphabet Class A

$1,152.86

2.4 (0.21%)

, GOOG

Alphabet

$1,152.97

2.58 (0.22%)

06:15
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Periodicals
Palantir co-founder Joe Lonsdale calls Google 'unpatriotic,' CNBC reports »

The co-founder of data…

GOOGL

Alphabet Class A

$1,152.86

2.4 (0.21%)

GOOG

Alphabet

$1,152.97

2.58 (0.22%)

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OMP

Oasis Midstream Partners

$21.78

(0.00%)

06:15
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Initiation
Oasis Midstream Partners initiated  »

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TGE

Tallgrass Energy

06:14
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Initiation
Tallgrass Energy initiated  »

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  • 25

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NGL

NGL Energy Partners

$15.30

0.11 (0.72%)

06:13
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Initiation
NGL Energy Partners initiated  »

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NBLX

Noble Midstream

$32.45

-0.3 (-0.92%)

06:13
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Initiation
Noble Midstream initiated  »

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  • 02

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IMRN

Immuron

$4.27

1.43 (50.35%)

06:11
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07/17
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06:11
Syndicate
Immuron 339.1K share Spot Secondary priced at $4.00 »

The deal priced below the…

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  • 17

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PAA

Plains All American

$24.57

-0.04 (-0.16%)

06:10
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07/17
06:10
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06:10
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Plains All American initiated  »

Plains All American…

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ET

Energy Transfer LP

$14.94

0.03 (0.20%)

06:10
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07/17
06:10
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06:10
Initiation
Energy Transfer LP initiated  »

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