Overstock.com Inc (NASDAQ:OSTK) Director Barclay F. Corbus sold 750 shares of Overstock.com stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $17.55, for a total transaction of $13,162.50. Following the completion of the transaction, the director now owns 42,309 shares in the company, valued at approximately $742,522.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Overstock.com stock traded up $0.49 during midday trading on Tuesday, reaching $18.30. The stock had a trading volume of 37,829 shares, compared to its average volume of 2,600,047. Overstock.com Inc has a twelve month low of $12.33 and a twelve month high of $68.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.01 and a current ratio of 1.09. The firm has a market capitalization of $572.59 million, a price-to-earnings ratio of -10.09 and a beta of 1.97.
Overstock.com (NASDAQ:OSTK) last posted its quarterly earnings data on Thursday, November 8th. The company reported ($1.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.86) by ($0.69). Overstock.com had a negative return on equity of 105.90% and a negative net margin of 14.21%. The firm had revenue of $440.60 million during the quarter, compared to analyst estimates of $443.13 million. During the same period in the prior year, the business posted ($0.03) EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. Equities analysts forecast that Overstock.com Inc will post -6.19 earnings per share for the current fiscal year.
OSTK has been the topic of several recent research reports. BidaskClub lowered shares of Overstock.com from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 24th. DA Davidson lowered shares of Overstock.com to a “buy” rating and set a $58.00 price target on the stock. in a research report on Tuesday, December 18th. They noted that the move was a valuation call. Maxim Group restated a “buy” rating and issued a $75.00 price target on shares of Overstock.com in a research report on Wednesday, November 7th. ValuEngine lowered shares of Overstock.com from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Zacks Investment Research lowered shares of Overstock.com from a “hold” rating to a “sell” rating in a research report on Thursday, November 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $57.00.
Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC boosted its stake in Overstock.com by 777.6% in the 3rd quarter. SG Americas Securities LLC now owns 63,340 shares of the company’s stock worth $1,755,000 after purchasing an additional 56,123 shares during the period. Lee Danner & Bass Inc. boosted its stake in shares of Overstock.com by 0.3% during the 4th quarter. Lee Danner & Bass Inc. now owns 503,645 shares of the company’s stock valued at $6,839,000 after buying an additional 1,745 shares during the period. Allianz Asset Management GmbH boosted its stake in shares of Overstock.com by 5.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 2,024,515 shares of the company’s stock valued at $56,079,000 after buying an additional 103,975 shares during the period. Northern Trust Corp boosted its stake in shares of Overstock.com by 30.7% during the 2nd quarter. Northern Trust Corp now owns 269,826 shares of the company’s stock valued at $9,079,000 after buying an additional 63,396 shares during the period. Finally, Swiss National Bank boosted its stake in shares of Overstock.com by 33.1% during the 3rd quarter. Swiss National Bank now owns 37,800 shares of the company’s stock valued at $1,047,000 after buying an additional 9,400 shares during the period. 64.69% of the stock is owned by hedge funds and other institutional investors.
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Overstock.com, Inc operates as an online retailer in the United States. It operates in two segments, Direct and Partner. The company offers home and garden products, including furniture, home decor, garden and patio, kitchen and dining, bedding, home improvement, housewares, and other related products; jewelry and watches; clothing and accessories; electronics and computers; artisan-crafted products; and other products.
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