Overstock.com (NASDAQ:OSTK) Getting Somewhat Favorable News Coverage, Analysis Shows

Media headlines about Overstock.com (NASDAQ:OSTK) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Overstock.com earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave media coverage about the company an impact score of 44.8980861946041 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the media stories that may have impacted Accern’s scoring:

Overstock.com (NASDAQ:OSTK) opened at $79.70 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 0.33. Overstock.com has a fifty-two week low of $13.75 and a fifty-two week high of $89.80. The stock has a market cap of $1,990.00, a price-to-earnings ratio of -185.35 and a beta of 1.36.

Overstock.com (NASDAQ:OSTK) last posted its earnings results on Wednesday, November 8th. The company reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.06. Overstock.com had a negative net margin of 0.61% and a negative return on equity of 4.95%. The firm had revenue of $424.00 million during the quarter, compared to analysts’ expectations of $452.60 million. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. equities analysts expect that Overstock.com will post -0.47 EPS for the current year.

Several brokerages have recently commented on OSTK. DA Davidson lifted their target price on Overstock.com from $28.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, September 28th. BidaskClub raised Overstock.com from a “buy” rating to a “strong-buy” rating in a research note on Tuesday.

In other news, Director Joseph J. Tabacco, Jr. sold 2,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $51.95, for a total value of $103,900.00. Following the transaction, the director now directly owns 42,099 shares in the company, valued at approximately $2,187,043.05. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jonathan E. Johnson III sold 4,000 shares of Overstock.com stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $64.10, for a total value of $256,400.00. Following the completion of the transaction, the insider now owns 34,092 shares of the company’s stock, valued at approximately $2,185,297.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,386 shares of company stock valued at $1,279,021. Corporate insiders own 28.90% of the company’s stock.

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Overstock.com Company Profile

Overstock.com, Inc is an online retailer and incubator of blockchain technology. Through its online retail business, the Company offers a range of price-competitive brand name, non-brand name and closeout products, including furniture, home decor, bedding and bath, housewares, jewelry and watches, apparel and designer accessories, health and beauty products, electronics and computers, and sporting goods.

Insider Buying and Selling by Quarter for Overstock.com (NASDAQ:OSTK)

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