Overstock.com (OSTK) Earning Somewhat Positive Press Coverage, Accern Reports
News articles about Overstock.com (NASDAQ:OSTK) have been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Overstock.com earned a news impact score of 0.18 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.8517478427501 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Is Overstock.com Looking to Implement Two-Day Delivery? (finance.yahoo.com)
- Overstock.com Considers Adding 2-Day Delivery (investorplace.com)
- Overstock.Com Up 21.7% Since SmarTrend Uptrend Call (OSTK) (mysmartrend.com)
- Overstock.com, Inc. (NASDAQ:OSTK) Insider Sells $120,000.00 in Stock (americanbankingnews.com)
- Overstock.com Becomes First Major Retailer to Accept Altcoins (investorsbuz.com)
Shares of Overstock.com (OSTK) traded up 2.36% during trading on Friday, reaching $19.55. 338,591 shares of the company traded hands. Overstock.com has a 12-month low of $13.05 and a 12-month high of $20.50. The firm’s 50 day moving average is $17.04 and its 200-day moving average is $16.75. The stock’s market capitalization is $488.75 million.
Overstock.com (NASDAQ:OSTK) last announced its quarterly earnings data on Thursday, August 3rd. The company reported ($0.29) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.32. The business had revenue of $432.02 million during the quarter. Overstock.com had a negative return on equity of 6.36% and a negative net margin of 0.73%. On average, equities research analysts anticipate that Overstock.com will post ($0.17) earnings per share for the current fiscal year.
Several equities analysts recently weighed in on the stock. TheStreet cut shares of Overstock.com from a “c” rating to a “d+” rating in a research report on Friday, May 26th. BidaskClub raised shares of Overstock.com from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Finally, Maxim Group reaffirmed a “buy” rating and issued a $25.00 price target on shares of Overstock.com in a research report on Tuesday, May 2nd.
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In other Overstock.com news, SVP Brian L. Popelka sold 3,500 shares of the company’s stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $14.35, for a total value of $50,225.00. Following the sale, the senior vice president now owns 14,682 shares in the company, valued at $210,686.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Carter Paul Lee sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $18.51, for a total transaction of $37,020.00. Following the completion of the sale, the senior vice president now owns 8,958 shares in the company, valued at approximately $165,812.58. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,000 shares of company stock worth $232,745. Corporate insiders own 28.90% of the company’s stock.
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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