Overstock.com (OSTK) Misses Q2 EPS by 19c, Revenues Miss

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Overstock.com (OSTK) Profitability Algo Maintained Despite Miss - Needham & Company

July 28, 2022 12:12 PM EDT

Needham & Company analyst Anna Andreeva reiterated a Buy rating and $75.00 price target on Overstock.com (NASDAQ: OSTK) following results that missed estimates. However, the profitability algo is maintained.

The analyst commented, "2Q22 sales missed expectations (strong Memorial Day weekend, followed by slower... More