Overstock.com (OSTK) Earning Somewhat Favorable Media Coverage, Study Shows
Press coverage about Overstock.com (NASDAQ:OSTK) has trended somewhat positive on Tuesday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Overstock.com earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news stories about the company an impact score of 45.6552666001173 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- Most Recent Figure Make This Stock Even More Attractive – Overstock.com, Inc. (NASDAQ: OSTK) – Alpha Beta Stock (alphabetastock.com)
- What the sentiment indicator is Signaling: Overstock.com, Inc. (OSTK), Visa Inc. (V) – Market Movers (financialqz.com)
- A Look at Overstock’s 3Q17 Performance (finance.yahoo.com)
- GMLCPA Accepting Bitcoin in the First Quarter of the New Year (prweb.com)
- Overstock CEO: How I Am Using Blockchain to Stop Wall Street Mischief (finance.yahoo.com)
A number of analysts have recently issued reports on OSTK shares. DA Davidson lifted their price objective on shares of Overstock.com from $57.00 to $87.00 and gave the company a “buy” rating in a report on Thursday, November 9th. They noted that the move was a valuation call. BidaskClub downgraded shares of Overstock.com from a “buy” rating to a “hold” rating in a report on Thursday, December 7th.
Shares of Overstock.com (NASDAQ:OSTK) traded up $3.45 on Tuesday, reaching $69.20. 3,446,272 shares of the company were exchanged, compared to its average volume of 1,034,548. The firm has a market capitalization of $1,645.28, a P/E ratio of -160.93 and a beta of 1.38. Overstock.com has a fifty-two week low of $13.75 and a fifty-two week high of $82.70. 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 issued its earnings results 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. The business had revenue of $424.00 million for the quarter, compared to the consensus estimate of $452.60 million. Overstock.com had a negative net margin of 0.61% and a negative return on equity of 4.95%. Overstock.com’s revenue was down 4.0% on a year-over-year basis. analysts predict that Overstock.com will post -0.47 earnings per share for the current year.
In related news, SVP Amit Goyal sold 2,762 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $55.49, for a total transaction of $153,263.38. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jonathan E. Johnson III sold 4,000 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $30.10, for a total transaction of $120,400.00. Following the transaction, the insider now owns 48,092 shares in the company, valued at $1,447,569.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,386 shares of company stock worth $1,143,021. 28.90% of the stock is owned by corporate insiders.
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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