Overstock.com Inc (NASDAQ:OSTK) SVP John Paul Knab sold 1,500 shares of Overstock.com stock in a transaction that occurred on Friday, May 18th. The shares were sold at an average price of $37.95, for a total transaction of $56,925.00. Following the transaction, the senior vice president now directly owns 8,689 shares in the company, valued at $329,747.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NASDAQ OSTK traded down $0.55 during trading on Friday, reaching $34.95. 6,962 shares of the stock were exchanged, compared to its average volume of 1,262,808. Overstock.com Inc has a twelve month low of $13.75 and a twelve month high of $89.80. The company has a current ratio of 1.42, a quick ratio of 1.36 and a debt-to-equity ratio of 0.16. The stock has a market cap of $1.05 billion, a P/E ratio of -19.12 and a beta of 1.75.
Overstock.com (NASDAQ:OSTK) last posted its quarterly earnings results on Thursday, March 15th. The company reported ($2.71) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($2.68). The company had revenue of $456.29 million during the quarter, compared to analyst estimates of $526.18 million. Overstock.com had a negative net margin of 8.81% and a negative return on equity of 69.29%. research analysts expect that Overstock.com Inc will post -4.5 EPS for the current fiscal year.
OSTK has been the topic of a number of recent research reports. DA Davidson reduced 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. BidaskClub cut shares of Overstock.com from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. ValuEngine raised shares of Overstock.com from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. TheStreet cut shares of Overstock.com from a “c-” rating to a “d” rating in a research report on Tuesday, March 20th. Finally, Zacks Investment Research raised shares of Overstock.com from a “sell” rating to a “hold” rating in a research report on Thursday, May 17th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $100.00.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. raised its holdings in Overstock.com by 113.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,990 shares of the company’s stock valued at $191,000 after acquiring an additional 1,590 shares in the last quarter. Pier 88 Investment Partners LLC acquired a new stake in Overstock.com in the fourth quarter valued at $147,000. Quantbot Technologies LP raised its holdings in Overstock.com by 28.7% in the first quarter. Quantbot Technologies LP now owns 13,213 shares of the company’s stock valued at $478,000 after acquiring an additional 2,949 shares in the last quarter. LPL Financial LLC acquired a new stake in Overstock.com in the fourth quarter valued at $208,000. Finally, Bank of Montreal Can raised its holdings in Overstock.com by 347.9% in the fourth quarter. Bank of Montreal Can now owns 4,479 shares of the company’s stock valued at $286,000 after acquiring an additional 3,479 shares in the last quarter. 57.25% of the stock is currently owned by hedge funds and other institutional investors.
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; and other products.
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