Media stories about Overstock.com (NASDAQ:OSTK) have been trending somewhat negative this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million blog and news 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 media sentiment score of -0.02 on Accern’s scale. Accern also assigned media stories about the company an impact score of 43.9683804410932 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
Several research firms have issued reports on OSTK. BidaskClub lowered shares of Overstock.com from a “sell” rating to a “strong sell” rating in a research report on Friday, March 30th. TheStreet lowered shares of Overstock.com from a “c-” rating to a “d” rating in a research report on Tuesday, March 20th. Zacks Investment Research lowered shares of Overstock.com from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 21st. Finally, DA Davidson decreased their price target on shares of Overstock.com from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, March 19th. Two research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $62.50.
NASDAQ OSTK opened at $35.85 on Monday. The company has a current ratio of 1.24, a quick ratio of 1.17 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $1,057.00, a price-to-earnings ratio of -19.81 and a beta of 1.88. Overstock.com has a 52-week low of $13.75 and a 52-week high of $89.80.
In other Overstock.com news, insider Jonathan E. Johnson III sold 4,000 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $66.10, for a total value of $264,400.00. Following the sale, the insider now directly owns 30,092 shares in the company, valued at approximately $1,989,081.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 24.20% of the company’s stock.
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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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