Overstock.com, Inc. (NASDAQ:OSTK) Director Joseph J. Tabacco, Jr. sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $51.95, for a total transaction of $103,900.00. Following the completion of the transaction, the director now directly owns 42,099 shares of the company’s stock, valued at approximately $2,187,043.05. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Overstock.com, Inc. (OSTK) traded up $3.15 during trading on Tuesday, hitting $56.30. 3,743,200 shares of the stock were exchanged, compared to its average volume of 567,872. Overstock.com, Inc. has a 12 month low of $13.75 and a 12 month high of $56.95. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.86 and a quick ratio of 0.78.

Overstock.com (NASDAQ:OSTK) last announced its quarterly earnings data on Wednesday, November 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.06. Overstock.com had a negative net margin of 0.61% and a negative return on equity of 4.95%. The company had revenue of $424.00 million during the quarter, compared to analysts’ expectations of $452.60 million. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. equities research analysts forecast that Overstock.com, Inc. will post -0.47 EPS for the current year.

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Institutional investors have recently made changes to their positions in the company. Morgan Stanley boosted its stake in shares of Overstock.com by 22.5% in the 1st quarter. Morgan Stanley now owns 97,241 shares of the company’s stock valued at $1,673,000 after purchasing an additional 17,876 shares in the last quarter. IndexIQ Advisors LLC boosted its stake in shares of Overstock.com by 83.0% in the 3rd quarter. IndexIQ Advisors LLC now owns 50,390 shares of the company’s stock valued at $1,497,000 after purchasing an additional 22,855 shares in the last quarter. Penserra Capital Management LLC boosted its stake in shares of Overstock.com by 55.6% in the 3rd quarter. Penserra Capital Management LLC now owns 166,268 shares of the company’s stock valued at $4,938,000 after purchasing an additional 59,380 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Overstock.com by 22.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 76,279 shares of the company’s stock valued at $1,243,000 after purchasing an additional 14,098 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Overstock.com by 16.9% in the 2nd quarter. Renaissance Technologies LLC now owns 934,000 shares of the company’s stock valued at $15,224,000 after purchasing an additional 135,200 shares in the last quarter. 43.77% of the stock is owned by institutional investors.

A number of equities analysts have commented on OSTK shares. BidaskClub raised shares of Overstock.com from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. DA Davidson started coverage on shares of Overstock.com in a research note on Wednesday, September 6th. They issued a “buy” rating and a $28.00 price target for the company.

About Overstock.com

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.

Insider Buying and Selling by Quarter for Overstock.com (NASDAQ:OSTK)

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