How Excited Should You Be About Symantec Corporation (SYMC), Overstock.com, Inc. (OSTK)

Looking at top Wall Street opinions, Symantec Corporation (NASDAQ: SYMC) has recently made its way into the research list of Monness Crespi & Hardt – signaling that their analyst’s rating adjustment is noteworthy. This stock was Neutral in the eyes of Monness Crespi & Hardt, as reported on Wednesday, July 10th, 2019. Another heavy-hitting research note was published by Mizuho on Monday June 17th, 2019, with this firm upgrading SYMC to an updated rating of Buy from its previous rating of Neutral. In the past six months and three months of trading, shares of Symantec Corporation (SYMC) have moved by -1.24% and 18.75%, respectively.

Brokerage Updates Related to Symantec Corporation (SYMC) Stock

Of the latest market expert opinions, 1 have given an underperform rating, 0 has given a sell rating, and 0 have given a rating of Buy or better. Based on the 21 stock market experts following this company, the average 12-month price target is $21.07. Moreover, individual price targets range between $17.00-$27.00. With its recent move to $23.00, we can see that these firms project this stock will gain by 20.54% in one year.

Updates from Symantec Corporation (SYMC) SEC Form 4

This particular company’s shares have garnered a lot of attention in recent days, as insiders are unloading their holdings while having generated a 0.70% rise since the beginning of the calendar year. A Director at Symantec Corporation (SYMC) bought some of its shares in a transaction that was finalized on May 16. Similarly, Feld Peter A bought 650,000 shares of the organization’s stock at $19.51 apiece and racked up $12,678,450 in earnings from the purchase. Now, Feld Peter A holds 18,499,877 shares of the company following the exchange. A Director of the organization named Feld Peter A, was engaged in a transaction that occurred on May 14 that managed to be worth $13,669,480 from the purchase of 700,000 common shares at a price of $19.53 per individual share.

Symantec Corporation (NASDAQ:SYMC) Results in the Pipeline

The next scheduled release of financial results for Symantec Corporation will be for the Jun-19 quarter. As it stands right now, market analysts are anticipating the per-share earnings for the three-month period will be $0.32. In the same vein, they expect sales for the quarter to amount to $1,185.84 million.

Now let’s turn to earnings surprise history: in the most recent quarter, the company reported about $1,251.00 million in revenue alongside EPS at $0.43. On average, the analyst projection was calling for $1,195.00 million with $0.39 per share in earnings, respectively. In the preceding quarter, this company’s revenue reached $1,218.00 million, with earnings per share ending up at $0.44.

Overstock.com, Inc. (NASDAQ:OSTK) experienced a drop of -17.58% from the closing price in the previous trading day. That drove the price to $20.58 per share, as observed on January 1st, 1970, at a time when the total trading volume reached 6,939,098 shares of stock – compared to the typical average of 4.66M shares per day (as recorded over the past three months). The consensus estimate for these shares has been shifted to $41.00.

Pricing Indications for Overstock.com, Inc. (OSTK)

This organization has had a price-to-earnings ratio of in the last year. Meanwhile, it gained 15.99 from its observable 50-day simple moving average. Right at this moment, the per-share value is 25.14% higher than the mean per-share price over the last 200 days in the market.

Overstock.com, Inc. (NASDAQ:OSTK) In-Depth Brokerage Insights

We can see that a number of brokerage firms are putting their focus onto this stock. Out of this group, 0 have a sell rating, 1 have a Buy rating, 1 have an outperform rating, while 0 provided a Hold rating for these shares – thanks to data from Thomson Reuters I/B/E/S. Additionally, 0 have recommended that these shares are an Underperforming investment. The current consensus recommendation is at 1.50 , based on information from Thomson Reuters.

OSTK Stock Value Potential

In trading activity as of late, this stock’s value was 16.45 up from its 200 day moving average, while also 30.48% up when compared against its 50-day simple moving average. Over the course of the past year of trading, the share price stuck in the range of $40.00-$48.00. The market value for the entire organization reached 613.49M. In the last trading session, the price ended the day at $24.97. The institutional holdings related to this organization account for 4.20%, and the Beta factor is now 2.42. This company’s RSI (Relative Strength Index) managed to hit 53.31.

Overstock.com, Inc. (NASDAQ:OSTK) Analyst Points of Focus

Overstock.com, Inc. (OSTK) has found itself inside of Maxim Group’s research list, so their analyst rating adjustment is worth taking note of. This stock was Reiterated to Buy, by Maxim Group, as garnered from a news report on Friday August 9th, 2019. An additional helpful research note was sent out by Maxim Group’s on Tuesday July 16th, 2019. The brokerage decided to resumed OSTK to Buy.