Overstock.com Inc (NASDAQ:OSTK)’s stock price reached a new 52-week high on Monday . The stock traded as high as $116.37 and last traded at $114.50, with a volume of 234871 shares. The stock had previously closed at $93.36.
OSTK has been the topic of several research reports. BidaskClub cut Overstock.com from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 13th. ValuEngine cut Overstock.com from a “buy” rating to a “hold” rating in a report on Thursday, July 2nd. DA Davidson upped their target price on Overstock.com from $66.00 to $103.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Piper Sandler started coverage on Overstock.com in a report on Monday. They issued an “overweight” rating and a $140.00 target price on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $73.75.
The company has a quick ratio of 1.05, a current ratio of 1.07 and a debt-to-equity ratio of 0.31. The company has a 50 day simple moving average of $62.97 and a 200-day simple moving average of $24.76. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of -98.24 and a beta of 4.41.
Overstock.com (NASDAQ:OSTK) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.96. Overstock.com had a negative return on equity of 21.29% and a negative net margin of 2.05%. The firm had revenue of $783.00 million for the quarter, compared to analyst estimates of $680.20 million. During the same period in the previous year, the firm earned ($0.69) earnings per share. The company’s revenue was up 109.8% compared to the same quarter last year.
In other news, insider Meghan Tuohig sold 750 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $36.20, for a total transaction of $27,150.00. Following the transaction, the insider now directly owns 13,985 shares of the company’s stock, valued at $506,257. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark Alan Baker sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $107.20, for a total value of $214,400.00. Following the transaction, the insider now directly owns 1,164 shares in the company, valued at $124,780.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,469 shares of company stock worth $672,975. Insiders own 1.30% of the company’s stock.
Several large investors have recently modified their holdings of OSTK. Geode Capital Management LLC raised its position in shares of Overstock.com by 6.6% during the fourth quarter. Geode Capital Management LLC now owns 392,386 shares of the company’s stock worth $2,766,000 after purchasing an additional 24,397 shares during the period. TRUE Private Wealth Advisors raised its position in shares of Overstock.com by 36.6% during the first quarter. TRUE Private Wealth Advisors now owns 9,150 shares of the company’s stock worth $45,000 after purchasing an additional 2,450 shares during the period. Signaturefd LLC raised its position in shares of Overstock.com by 3,130.8% during the first quarter. Signaturefd LLC now owns 42,000 shares of the company’s stock worth $210,000 after purchasing an additional 40,700 shares during the period. DDD Partners LLC purchased a new stake in Overstock.com in the 1st quarter valued at $3,017,000. Finally, Steward Partners Investment Advisory LLC raised its position in Overstock.com by 50.8% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 35,030 shares of the company’s stock valued at $174,000 after buying an additional 11,800 shares during the last quarter. 40.50% of the stock is currently owned by institutional investors.
Overstock.com Company Profile (NASDAQ:OSTK)
Overstock.com, Inc operates as an online retailer in the United States and internationally. It operates through Retail and tZERO segments. The company offers furniture; and home décor, including rugs, bedding and bath, home improvement, kitchen items, and other related products. It also operates Worldstock Fair Trade, a store that provides handcrafted products; Pet Adoptions, a free service and portal to display pets available for adoption; and Overstock Hotels, a portal that enables customers to search and book properties within its Website.
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