Overstock.com, Inc. (OSTK) Insider Sells $256,250.00 in Stock
Overstock.com, Inc. (NASDAQ:OSTK) insider Sam Noursalehi sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $51.25, for a total transaction of $256,250.00. Following the transaction, the insider now directly owns 11,308 shares in the company, valued at $579,535. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Overstock.com, Inc. (NASDAQ OSTK) traded up $3.15 during mid-day trading on Tuesday, reaching $56.30. 3,743,200 shares of the company’s stock traded hands, compared to its average volume of 567,872. The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 0.33. Overstock.com, Inc. has a 12 month low of $13.75 and a 12 month high of $56.95.
Overstock.com (NASDAQ:OSTK) last issued its quarterly earnings data on Wednesday, November 8th. The company reported ($0.03) earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $424.00 million during the quarter, compared to analysts’ expectations of $452.60 million. Overstock.com’s revenue was down 4.0% compared to the same quarter last year. equities research analysts predict that Overstock.com, Inc. will post -0.47 EPS for the current fiscal year.
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Several research firms have commented on OSTK. DA Davidson boosted their target price on shares of Overstock.com from $57.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. They noted that the move was a valuation call. BidaskClub raised shares of Overstock.com from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th.
Several institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp lifted its stake in shares of Overstock.com by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 62,181 shares of the company’s stock worth $1,070,000 after buying an additional 274 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Overstock.com by 0.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 64,899 shares of the company’s stock worth $1,058,000 after buying an additional 456 shares during the last quarter. American International Group Inc. lifted its stake in shares of Overstock.com by 7.0% in the first quarter. American International Group Inc. now owns 8,130 shares of the company’s stock worth $140,000 after buying an additional 535 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Overstock.com by 16.2% in the first quarter. Public Employees Retirement System of Ohio now owns 6,124 shares of the company’s stock worth $105,000 after buying an additional 854 shares during the last quarter. Finally, Aperio Group LLC lifted its stake in shares of Overstock.com by 7.4% in the second quarter. Aperio Group LLC now owns 16,439 shares of the company’s stock worth $268,000 after buying an additional 1,131 shares during the last quarter. Institutional investors and hedge funds own 43.77% 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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