Overstock.com Inc. (NASDAQ:OSTK) fell 1.8% on Monday . The company traded as low as $16.40 and last traded at $16.57, with a volume of 58,823 shares trading hands. The stock had previously closed at $16.87.

Separately, Maxim Group assumed coverage on shares of Overstock.com in a research report on Thursday, May 26th. They set a “buy” rating and a $20.00 price objective for the company.

The stock’s 50 day moving average price is $16.78 and its 200 day moving average price is $14.64. The firm has a market capitalization of $419.85 million and a PE ratio of 31.38.

Overstock.com (NASDAQ:OSTK) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $0.53 earnings per share (EPS) for the quarter. The business had revenue of $413.70 million for the quarter, compared to the consensus estimate of $398.30 million. On average, analysts forecast that Overstock.com Inc. will post $0.61 earnings per share for the current year.

In other news, Director Samuel Appleton Mitchell sold 2,801 shares of the stock in a transaction that occurred on Monday, June 13th. The shares were sold at an average price of $17.19, for a total transaction of $48,149.19. Following the transaction, the director now directly owns 35,934 shares in the company, valued at $617,705.46. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

An institutional investor recently raised its position in Overstock.com stock. Globeflex Capital L P boosted its stake in shares of Overstock.com Inc. (NASDAQ:OSTK) by 97.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 118,566 shares of the company’s stock after buying an additional 58,418 shares during the period. Globeflex Capital L P owned 0.47% of Overstock.com worth $1,456,000 as of its most recent SEC filing.

Overstock.com, Inc is an online retailer offering a range of merchandise, including furniture, home decor, bedding and bath, houseware, jewelry and watches, apparel and designer accessories, health and beauty products, electronics and computers, and sporting goods, among other products. The Company operates through two segments: direct business and partner business.

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