Overstock.com, Inc. (OSTK) Releases Quarterly Earnings Results, Misses Expectations By $0.32 EPS
Overstock.com, Inc. (NASDAQ:OSTK) released its quarterly earnings data on Thursday. The company reported ($0.29) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.32, Bloomberg Earnings reports. The firm had revenue of $432.02 million for the quarter. Overstock.com had a negative net margin of 0.37% and a negative return on equity of 2.35%.
Shares of Overstock.com (OSTK) traded up 6.69% on Friday, hitting $17.55. The company had a trading volume of 722,220 shares. Overstock.com has a 52 week low of $13.05 and a 52 week high of $20.50. The stock’s market capitalization is $438.66 million. The firm’s 50 day moving average price is $16.23 and its 200-day moving average price is $16.58.
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OSTK has been the subject of several recent research reports. Maxim Group restated a “buy” rating and set a $25.00 price objective on shares of Overstock.com in a report on Tuesday, May 2nd. TheStreet downgraded Overstock.com from a “c” rating to a “d+” rating in a report on Friday, May 26th.
In related news, SVP Brian L. Popelka sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $14.35, for a total transaction of $50,225.00. Following the completion of the transaction, the senior vice president now owns 14,682 shares of the company’s stock, valued at approximately $210,686.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 28.90% of the stock is owned by company insiders.
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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