Insider Selling: Overstock.com, Inc. (OSTK) SVP Sells $94,560.00 in Stock
Overstock.com, Inc. (NASDAQ:OSTK) SVP Carter Paul Lee sold 2,000 shares of Overstock.com stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $47.28, for a total value of $94,560.00. Following the sale, the senior vice president now owns 3,089 shares in the company, valued at $146,047.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Overstock.com, Inc. (NASDAQ OSTK) traded down $3.20 during mid-day trading on Thursday, reaching $42.65. The company’s stock had a trading volume of 3,051,700 shares, compared to its average volume of 763,334. Overstock.com, Inc. has a 52 week low of $13.75 and a 52 week high of $65.70. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 0.33.
Overstock.com (NASDAQ:OSTK) last issued its quarterly earnings results on Wednesday, November 8th. The company reported ($0.03) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.06. Overstock.com had a negative return on equity of 4.95% and a negative net margin of 0.61%. The business had revenue of $424.00 million during the quarter, compared to the consensus estimate of $452.60 million. The firm’s revenue for the quarter was down 4.0% compared to the same quarter last year. equities analysts forecast that Overstock.com, Inc. will post -0.47 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of OSTK. Public Employees Retirement System of Ohio increased its holdings in shares of Overstock.com by 16.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 6,124 shares of the company’s stock valued at $105,000 after acquiring an additional 854 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Overstock.com in the 3rd quarter valued at approximately $109,000. American International Group Inc. increased its holdings in shares of Overstock.com by 7.0% in the 1st quarter. American International Group Inc. now owns 8,130 shares of the company’s stock valued at $140,000 after acquiring an additional 535 shares during the last quarter. SpiderRock Advisors LLC bought a new stake in shares of Overstock.com in the 3rd quarter valued at approximately $145,000. Finally, AXA bought a new stake in shares of Overstock.com in the 2nd quarter valued at approximately $176,000. Institutional investors and hedge funds own 47.74% of the company’s stock.
Several research firms have issued reports on OSTK. BidaskClub upgraded Overstock.com from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. DA Davidson lifted their price objective on Overstock.com from $28.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, September 28th.
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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