Overstock.com, Inc. (NASDAQ:OSTK) posted its quarterly earnings data on Wednesday. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.06, Briefing.com reports. Overstock.com had a negative net margin of 0.73% and a negative return on equity of 6.36%. The firm had revenue of $424.00 million for the quarter, compared to the consensus estimate of $452.60 million. The business’s revenue for the quarter was down 4.0% on a year-over-year basis.

Overstock.com (OSTK) traded up $0.75 on Friday, hitting $53.15. 6,601,694 shares of the stock traded hands, compared to its average volume of 553,268. Overstock.com has a 12-month low of $13.75 and a 12-month high of $56.10. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.76 and a current ratio of 0.84.

In other news, insider Jonathan E. Johnson III sold 4,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $30.10, for a total transaction of $120,400.00. Following the transaction, the insider now owns 48,092 shares in the company, valued at $1,447,569.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jonathan E. Johnson III sold 17,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $25.00, for a total value of $437,500.00. Following the completion of the sale, the insider now owns 52,092 shares in the company, valued at approximately $1,302,300. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,000 shares of company stock worth $778,250. Corporate insiders own 28.90% of the company’s stock.

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Several equities analysts have recently issued reports on the stock. DA Davidson upped their price objective on shares of Overstock.com from $57.00 to $87.00 and gave the company a “buy” rating in a report on Thursday. They noted that the move was a valuation call. BidaskClub upgraded shares of Overstock.com from a “hold” rating to a “buy” rating in a report on Saturday, August 12th.

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.

Earnings History for Overstock.com (NASDAQ:OSTK)

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