Overstock.com Inc (NASDAQ:OSTK) – Equities research analysts at DA Davidson issued their Q1 2019 earnings per share (EPS) estimates for Overstock.com in a report issued on Wednesday, November 7th. DA Davidson analyst T. Forte forecasts that the company will earn ($0.78) per share for the quarter. DA Davidson has a “Buy” rating and a $112.00 price objective on the stock. DA Davidson also issued estimates for Overstock.com’s Q2 2019 earnings at ($1.05) EPS, Q3 2019 earnings at ($0.10) EPS and Q4 2019 earnings at $0.16 EPS.
OSTK has been the topic of several other research reports. GARP Research began coverage on shares of Overstock.com in a research report on Thursday, September 6th. They set a “neutral” rating on the stock. BidaskClub cut shares of Overstock.com from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 11th. Maxim Group began coverage on shares of Overstock.com in a research report on Monday, September 17th. They set a “buy” rating and a $75.00 price objective on the stock. Finally, ValuEngine cut shares of Overstock.com from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $75.00.
Shares of NASDAQ:OSTK opened at $17.21 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.85 and a current ratio of 0.91. Overstock.com has a 1-year low of $16.72 and a 1-year high of $89.80.
Overstock.com (NASDAQ:OSTK) last issued its quarterly earnings results on Thursday, November 8th. The company reported ($1.55) earnings per share for the quarter, missing the consensus estimate of ($0.86) by ($0.69). Overstock.com had a negative net margin of 11.74% and a negative return on equity of 95.14%. The firm had revenue of $440.60 million for the quarter, compared to analysts’ expectations of $443.13 million. During the same period in the prior year, the firm earned ($0.03) EPS. Overstock.com’s revenue for the quarter was up 3.9% compared to the same quarter last year.
In other news, SVP Carter Paul Lee sold 2,000 shares of Overstock.com stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $31.05, for a total transaction of $62,100.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Patrick Byrne sold 774,303 shares of Overstock.com stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $25.83, for a total transaction of $20,000,246.49. Following the sale, the chief executive officer now owns 1,050,023 shares in the company, valued at approximately $27,122,094.09. The disclosure for this sale can be found here. In the last quarter, insiders have sold 927,102 shares of company stock worth $23,964,391. Company insiders own 28.90% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Suntrust Banks Inc. bought a new stake in shares of Overstock.com during the first quarter valued at approximately $207,000. National Asset Management Inc. bought a new stake in Overstock.com in the third quarter worth $210,000. Vident Investment Advisory LLC bought a new stake in Overstock.com in the second quarter worth $240,000. Metropolitan Life Insurance Co. NY increased its position in Overstock.com by 30.5% in the second quarter. Metropolitan Life Insurance Co. NY now owns 7,168 shares of the company’s stock worth $241,000 after purchasing an additional 1,677 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in Overstock.com in the second quarter worth $274,000. Hedge funds and other institutional investors own 57.17% of the company’s stock.
Overstock.com Company Profile
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; artisan-crafted products; and other products.
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