Overstock.com, Inc. (NASDAQ:OSTK)’s share price shot up 12.1% during mid-day trading on Monday . The stock traded as high as $24.70 and last traded at $24.60. 1,504,597 shares were traded during trading, an increase of 552% from the average session volume of 230,909 shares. The stock had previously closed at $21.95.

Several research firms have recently issued reports on OSTK. BidaskClub raised shares of Overstock.com from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. TheStreet downgraded shares of Overstock.com from a “c” rating to a “d+” rating in a research note on Friday, May 26th. Finally, Maxim Group set a $25.00 price target on shares of Overstock.com and gave the company a “buy” rating in a research note on Friday, May 19th.

The firm’s market capitalization is $595.00 million. The stock’s 50-day moving average is $18.65 and its 200-day moving average is $17.03.

Overstock.com (NASDAQ:OSTK) last announced its quarterly earnings data on Thursday, August 3rd. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.32. Overstock.com had a negative net margin of 0.73% and a negative return on equity of 6.36%. The business had revenue of $432.02 million during the quarter. On average, analysts forecast that Overstock.com, Inc. will post ($0.17) EPS for the current fiscal year.

In other Overstock.com news, insider Jonathan E. Johnson III sold 1,500 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $22.10, for a total transaction of $33,150.00. Following the completion of the sale, the insider now owns 69,592 shares of the company’s stock, valued at approximately $1,537,983.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan E. Johnson III sold 6,000 shares of the stock in a transaction on Friday, August 11th. The shares were sold at an average price of $20.00, for a total transaction of $120,000.00. Following the sale, the insider now directly owns 71,092 shares of the company’s stock, valued at approximately $1,421,840. The disclosure for this sale can be found here. Insiders sold a total of 11,000 shares of company stock valued at $215,670 in the last ninety days. 28.90% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in OSTK. Public Employees Retirement System of Ohio boosted its position in Overstock.com by 16.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 6,124 shares of the company’s stock valued at $105,000 after buying an additional 854 shares during the period. SG Americas Securities LLC purchased a new stake in Overstock.com during the 1st quarter valued at $122,000. American International Group Inc. boosted its position in Overstock.com by 7.0% during the 1st quarter. American International Group Inc. now owns 8,130 shares of the company’s stock valued at $140,000 after buying an additional 535 shares during the period. AXA purchased a new stake in Overstock.com during the 2nd quarter valued at $176,000. Finally, Nationwide Fund Advisors boosted its position in Overstock.com by 5.9% during the 1st quarter. Nationwide Fund Advisors now owns 10,308 shares of the company’s stock valued at $177,000 after buying an additional 571 shares during the period. 44.33% of the stock is owned by institutional investors and hedge funds.

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About Overstock.com

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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