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.

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

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