Shares of Overstock.com Inc (NASDAQ:OSTK) traded down 10.3% on Wednesday . The company traded as low as $26.85 and last traded at $27.50. 2,843,049 shares traded hands during trading, an increase of 9% from the average session volume of 2,601,253 shares. The stock had previously closed at $30.65.

A number of analysts have weighed in on the company. ValuEngine lowered Overstock.com from a “buy” rating to a “hold” rating in a report on Friday. BidaskClub lowered Overstock.com from a “hold” rating to a “sell” rating in a report on Wednesday, June 27th. Zacks Investment Research lowered Overstock.com from a “buy” rating to a “hold” rating in a report on Saturday, July 7th. GARP Research assumed coverage on Overstock.com in a report on Thursday. They set a “neutral” rating for the company. Finally, DA Davidson upped their target price on Overstock.com to $103.00 and gave the stock a “buy” rating in a report on Tuesday, July 3rd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Overstock.com has a consensus rating of “Hold” and a consensus price target of $75.00.

The company has a debt-to-equity ratio of 0.02, a current ratio of 0.91 and a quick ratio of 0.85. The firm has a market capitalization of $797.77 million, a price-to-earnings ratio of -13.67 and a beta of 1.38.

Overstock.com (NASDAQ:OSTK) last posted its earnings results on Thursday, August 9th. The company reported ($2.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.82) by ($1.38). The company had revenue of $483.10 million for the quarter, compared to analysts’ expectations of $474.15 million. Overstock.com had a negative return on equity of 95.14% and a negative net margin of 11.74%. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.29) EPS. analysts forecast that Overstock.com Inc will post -5.43 earnings per share for the current fiscal year.

In other news, SVP Carter Paul Lee sold 1,300 shares of the stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $30.15, for a total transaction of $39,195.00. Following the completion of the sale, the senior vice president now owns 4,835 shares in the company, valued at approximately $145,775.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Seth Moore sold 3,000 shares of the stock in a transaction on Wednesday, June 20th. The shares were sold at an average price of $39.05, for a total value of $117,150.00. Following the sale, the senior vice president now owns 11,204 shares of the company’s stock, valued at approximately $437,516.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,300 shares of company stock valued at $383,645. Company insiders own 28.90% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Verition Fund Management LLC purchased a new stake in shares of Overstock.com during the 2nd quarter valued at $274,000. Millennium Management LLC lifted its holdings in shares of Overstock.com by 429.1% during the 2nd quarter. Millennium Management LLC now owns 470,244 shares of the company’s stock valued at $15,824,000 after purchasing an additional 381,369 shares during the last quarter. MetLife Investment Advisors LLC lifted its holdings in shares of Overstock.com by 25.7% during the 2nd quarter. MetLife Investment Advisors LLC now owns 9,776 shares of the company’s stock valued at $329,000 after purchasing an additional 1,999 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Overstock.com by 30.5% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 7,168 shares of the company’s stock valued at $241,000 after purchasing an additional 1,677 shares during the last quarter. Finally, Vident Investment Advisory LLC purchased a new stake in shares of Overstock.com during the 2nd quarter valued at $240,000. Hedge funds and other institutional investors own 56.80% of the company’s stock.

About Overstock.com (NASDAQ:OSTK)

Overstock.com, Inc operates as an online retailer in the United States. It operates in two segments, Direct and Partner. The company offers home and garden products, including furniture, home decor, garden and patio, kitchen and dining, bedding, home improvement, housewares, and other related products; jewelry and watches; clothing and accessories; electronics and computers; and other products.

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