Overstock.com (NASDAQ:OSTK) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, November 8th. Analysts expect Overstock.com to post earnings of ($0.86) per share for the quarter.
NASDAQ OSTK traded down $0.13 on Wednesday, hitting $19.39. The company’s stock had a trading volume of 32,077 shares, compared to its average volume of 1,419,486. Overstock.com has a 52-week low of $18.99 and a 52-week high of $89.80. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.85 and a current ratio of 0.91. The stock has a market cap of $640.54 million, a P/E ratio of -10.74 and a beta of 1.86.
In other news, CEO Patrick Byrne sold 147,499 shares of the stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $25.65, for a total value of $3,783,349.35. Following the completion of the transaction, the chief executive officer now owns 1,050,023 shares of the company’s stock, valued at approximately $26,933,089.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Carter Paul Lee sold 2,000 shares of the stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $31.05, for a total value of $62,100.00. The disclosure for this sale can be found here. Insiders sold a total of 927,102 shares of company stock valued at $23,964,391 in the last three months. Corporate insiders own 24.20% of the company’s stock.
Several equities research analysts have weighed in on the company. DA Davidson increased their price objective on Overstock.com from $90.00 to $112.00 and gave the stock a “buy” rating in a report on Friday, August 10th. BidaskClub raised Overstock.com from a “sell” rating to a “hold” rating in a research report on Tuesday, August 14th. Maxim Group initiated coverage on Overstock.com in a research report on Monday, September 17th. They issued a “buy” rating and a $75.00 target price for the company. GARP Research raised Overstock.com from a “neutral” rating to a “buy” rating in a research report on Thursday, October 4th. Finally, ValuEngine lowered Overstock.com from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $75.00.
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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; and other products.
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