Overstock.com (OSTK) PT Raised to $110.00
Separately, BidaskClub lowered shares of Overstock.com from a buy rating to a hold rating in a report on Thursday, December 7th.
Overstock.com (OSTK) traded down $5.75 during mid-day trading on Monday, hitting $81.15. 6,325,795 shares of the company traded hands, compared to its average volume of 5,000,000. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.78 and a current ratio of 0.86. Overstock.com has a 52 week low of $13.75 and a 52 week high of $89.80. The company has a market cap of $2,030.00, a price-to-earnings ratio of -188.72 and a beta of 1.36.
Overstock.com (NASDAQ:OSTK) last released its earnings results on Wednesday, November 8th. The company reported ($0.03) EPS for the quarter, beating 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 company had revenue of $424.00 million for the quarter, compared to analyst estimates of $452.60 million. The business’s quarterly revenue was down 4.0% on a year-over-year basis. equities analysts predict that Overstock.com will post -0.47 earnings per share for the current fiscal year.
In other Overstock.com news, Director Joseph J. Tabacco, Jr. sold 2,000 shares of the stock in a transaction on Friday, November 10th. The shares were sold at an average price of $51.95, for a total transaction of $103,900.00. Following the completion of the sale, the director now owns 42,099 shares of the company’s stock, valued at approximately $2,187,043.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Amit Goyal sold 2,762 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $55.49, for a total transaction of $153,263.38. The disclosure for this sale can be found here. Insiders have sold a total of 24,386 shares of company stock valued at $1,279,021 in the last three months. 28.90% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP purchased a new stake in Overstock.com during the 3rd quarter valued at $215,000. Cubist Systematic Strategies LLC purchased a new stake in Overstock.com during the 3rd quarter valued at $448,000. Cornerstone Capital Management Holdings LLC. boosted its position in Overstock.com by 46.9% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 171,338 shares of the company’s stock valued at $5,088,000 after buying an additional 54,700 shares during the period. Partnervest Advisory Services LLC purchased a new stake in Overstock.com during the 3rd quarter valued at $244,000. Finally, Dimensional Fund Advisors LP boosted its position in Overstock.com by 3.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,631,200 shares of the company’s stock valued at $48,446,000 after buying an additional 53,031 shares during the period. 47.74% of the stock is owned by institutional investors and hedge funds.
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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