Overstock.com, Inc. (OSTK) SVP Sells $32,448.00 in Stock
Overstock.com, Inc. (NASDAQ:OSTK) SVP Vikram Raghavan sold 624 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $52.00, for a total transaction of $32,448.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Overstock.com, Inc. (NASDAQ OSTK) traded up $3.15 during mid-day 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 fifty-two week low of $13.75 and a fifty-two week high of $56.95. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 0.33.
Overstock.com (NASDAQ:OSTK) last released its quarterly earnings results on Wednesday, November 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $424.00 million for the quarter, compared to the consensus estimate of $452.60 million. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. equities analysts expect that Overstock.com, Inc. will post -0.47 earnings per share for the current year.
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Institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley increased its stake in Overstock.com by 22.5% during the 1st quarter. Morgan Stanley now owns 97,241 shares of the company’s stock worth $1,673,000 after buying an additional 17,876 shares during the period. IndexIQ Advisors LLC increased its stake in Overstock.com by 83.0% during the 3rd quarter. IndexIQ Advisors LLC now owns 50,390 shares of the company’s stock worth $1,497,000 after buying an additional 22,855 shares during the period. Penserra Capital Management LLC increased its stake in Overstock.com by 55.6% during the 3rd quarter. Penserra Capital Management LLC now owns 166,268 shares of the company’s stock worth $4,938,000 after buying an additional 59,380 shares during the period. Bank of New York Mellon Corp increased its stake in Overstock.com by 22.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 76,279 shares of the company’s stock worth $1,243,000 after buying an additional 14,098 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Overstock.com by 16.9% during the 2nd quarter. Renaissance Technologies LLC now owns 934,000 shares of the company’s stock worth $15,224,000 after buying an additional 135,200 shares during the period. 43.77% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on OSTK shares. DA Davidson raised their target price on shares of Overstock.com to $57.00 in a research note on Wednesday, October 25th. BidaskClub raised shares of Overstock.com from a “hold” rating to a “buy” rating in a research note 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.
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