Jonathan E. Johnson III Sells 4,000 Shares of Overstock.com, Inc. (OSTK) Stock
Overstock.com, Inc. (NASDAQ:OSTK) insider Jonathan E. Johnson III sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $46.80, for a total value of $187,200.00. Following the completion of the sale, the insider now directly owns 44,092 shares in the company, valued at approximately $2,063,505.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Overstock.com, Inc. (NASDAQ OSTK) opened at $44.55 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.76 and a debt-to-equity ratio of 0.34. Overstock.com, Inc. has a 1-year low of $13.05 and a 1-year high of $48.25.
Overstock.com (NASDAQ:OSTK) last posted its earnings results on Thursday, August 3rd. The company reported ($0.29) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.32). Overstock.com had a negative net margin of 0.73% and a negative return on equity of 6.36%. The business had revenue of $432.02 million for the quarter. equities research analysts expect that Overstock.com, Inc. will post -0.48 EPS for the current year.
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Several equities analysts recently commented on OSTK shares. BidaskClub raised Overstock.com from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. DA Davidson began coverage on shares of Overstock.com in a research note on Wednesday, September 6th. They set a “buy” rating and a $28.00 target price for the company.
Several institutional investors and hedge funds have recently added to or reduced their stakes in OSTK. Public Employees Retirement System of Ohio increased its position in shares of Overstock.com by 16.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 6,124 shares of the company’s stock worth $105,000 after purchasing an additional 854 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Overstock.com during the first quarter valued at approximately $122,000. American International Group Inc. lifted its stake in Overstock.com by 7.0% during the first quarter. American International Group Inc. now owns 8,130 shares of the company’s stock valued at $140,000 after purchasing an additional 535 shares during the last quarter. SpiderRock Advisors LLC acquired a new stake in Overstock.com during the third quarter valued at approximately $145,000. Finally, AXA acquired a new stake in shares of Overstock.com during the second quarter valued at approximately $176,000. 43.51% of the stock is owned by institutional investors.
Overstock.com Company Profile
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.
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