News stories about Overstock.com (NASDAQ:OSTK) have trended somewhat positive recently, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Overstock.com earned a news impact score of 0.14 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.0964273419199 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
Several brokerages recently issued reports on OSTK. BidaskClub upgraded Overstock.com from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 9th. DA Davidson upped their price target on Overstock.com from $85.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, January 8th.
Shares of Overstock.com (NASDAQ:OSTK) opened at $78.95 on Friday. Overstock.com has a 1-year low of $13.75 and a 1-year high of $89.80. The stock has a market capitalization of $1,980.00, a price-to-earnings ratio of -183.60 and a beta of 1.36. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 0.33.
Overstock.com (NASDAQ:OSTK) last announced its quarterly earnings results on Wednesday, November 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.06. Overstock.com had a negative return on equity of 4.95% and a negative net margin of 0.61%. The business had revenue of $424.00 million during the quarter, compared to the consensus estimate of $452.60 million. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. analysts forecast that Overstock.com will post -0.47 EPS for the current fiscal year.
In other Overstock.com news, SVP Amit Goyal sold 2,762 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $55.49, for a total value of $153,263.38. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jonathan E. Johnson III sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $46.80, for a total value of $187,200.00. Following the completion of the transaction, the insider now directly owns 44,092 shares in the company, valued at approximately $2,063,505.60. The disclosure for this sale can be found here. Insiders have sold 24,386 shares of company stock valued at $1,279,021 in the last quarter. 28.90% of the stock is currently owned by corporate insiders.
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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.
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