Overstock.com (OSTK) Shares Gap Up to $56.15
Overstock.com Inc (NASDAQ:OSTK)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $55.55, but opened at $56.15. Overstock.com shares last traded at $56.40, with a volume of 2187425 shares trading hands.
OSTK has been the topic of a number of recent research reports. DA Davidson increased their price objective on shares of Overstock.com to $57.00 in a research note on Wednesday, October 25th. BidaskClub downgraded shares of Overstock.com from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd.
The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.78 and a current ratio of 0.86.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Synovus Financial Corp acquired a new stake in Overstock.com in the fourth quarter valued at approximately $2,748,000. Frontier Investment Mgmt Co. acquired a new stake in Overstock.com in the fourth quarter valued at approximately $2,526,000. Wedbush Securities Inc. acquired a new stake in Overstock.com in the fourth quarter valued at approximately $290,000. UBS Asset Management Americas Inc. acquired a new stake in Overstock.com in the fourth quarter valued at approximately $300,000. Finally, Bank of New York Mellon Corp boosted its stake in Overstock.com by 12.6% in the fourth quarter. Bank of New York Mellon Corp now owns 83,526 shares of the company’s stock valued at $5,337,000 after acquiring an additional 9,360 shares in the last quarter. Institutional investors own 47.44% of the company’s stock.
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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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