Overstock.com (OSTK) Trading Up 11.1%

Overstock.com Inc (NASDAQ:OSTK)’s share price was up 11.1% during trading on Monday . The stock traded as high as $70.00 and last traded at $68.35. Approximately 8,069,500 shares were traded during mid-day trading, an increase of 803% from the average daily volume of 894,117 shares. The stock had previously closed at $61.50.

Several equities analysts have recently commented on OSTK shares. DA Davidson boosted their price objective on Overstock.com from $57.00 to $87.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. They noted that the move was a valuation call. BidaskClub downgraded Overstock.com from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th.

The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.78 and a current ratio of 0.86.

Overstock.com (NASDAQ:OSTK) last posted its earnings results on Wednesday, November 8th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.06. The company had revenue of $424.00 million for the quarter, compared to the consensus estimate of $452.60 million. Overstock.com had a negative return on equity of 4.95% and a negative net margin of 0.61%. Overstock.com’s quarterly revenue was down 4.0% compared to the same quarter last year. equities analysts anticipate that Overstock.com Inc will post -0.47 EPS for the current fiscal year.

In related news, insider Jonathan E. Johnson III sold 4,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $48.75, for a total value of $195,000.00. Following the sale, the insider now directly owns 42,092 shares in the company, valued at $2,051,985. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Carter Paul Lee sold 2,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $47.28, for a total value of $94,560.00. Following the completion of the sale, the senior vice president now owns 3,089 shares in the company, valued at $146,047.92. The disclosure for this sale can be found here. Insiders sold 24,386 shares of company stock worth $1,143,021 over the last quarter. 28.90% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the stock. GSA Capital Partners LLP purchased a new stake in shares of Overstock.com in the third quarter worth about $215,000. Cubist Systematic Strategies LLC purchased a new stake in Overstock.com during the third quarter valued at approximately $448,000. Cornerstone Capital Management Holdings LLC. raised its position in Overstock.com by 46.9% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 171,338 shares of the company’s stock valued at $5,088,000 after purchasing an additional 54,700 shares during the period. Partnervest Advisory Services LLC purchased a new stake in Overstock.com during the third quarter valued at approximately $244,000. Finally, Dimensional Fund Advisors LP raised its position in Overstock.com by 3.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,631,200 shares of the company’s stock valued at $48,446,000 after purchasing an additional 53,031 shares during the period. Institutional investors own 47.74% of the company’s stock.

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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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