Overstock.com Inc (NASDAQ:OSTK)’s share price traded up 6.5% during trading on Wednesday . The company traded as high as $21.50 and last traded at $22.71, 214,078 shares traded hands during mid-day trading. A decline of 95% from the average session volume of 4,659,041 shares. The stock had previously closed at $21.32.

Several analysts have commented on the stock. Maxim Group set a $40.00 price target on shares of Overstock.com and gave the company a “buy” rating in a research report on Monday, August 26th. BidaskClub raised shares of Overstock.com from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Zacks Investment Research upgraded shares of Overstock.com from a “sell” rating to a “hold” rating in a research note on Thursday, July 11th. DA Davidson set a $48.00 target price on shares of Overstock.com and gave the company a “buy” rating in a research report on Wednesday, August 21st. Finally, ValuEngine upgraded shares of Overstock.com from a “hold” rating to a “buy” rating in a research note on Saturday, August 10th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $44.00.

The stock has a 50-day moving average price of $19.44 and a two-hundred day moving average price of $16.07. The company has a current ratio of 0.88, a quick ratio of 0.82 and a debt-to-equity ratio of 0.22. The stock has a market cap of $687.08 million, a price-to-earnings ratio of -3.81 and a beta of 2.50.

Overstock.com (NASDAQ:OSTK) last announced its earnings results on Thursday, August 8th. The company reported ($0.69) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.92) by $0.23. The company had revenue of $373.70 million for the quarter, compared to analyst estimates of $376.66 million. Overstock.com had a negative return on equity of 66.84% and a negative net margin of 9.43%. The firm’s quarterly revenue was down 22.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($2.20) EPS.

In related news, insider John Paul Knab sold 1,500 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $21.06, for a total value of $31,590.00. Following the completion of the transaction, the insider now owns 14,612 shares in the company, valued at approximately $307,728.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jonathan E. Johnson III bought 2,000 shares of Overstock.com stock in a transaction that occurred on Friday, August 30th. The stock was purchased at an average price of $15.98 per share, with a total value of $31,960.00. Following the purchase, the chief executive officer now directly owns 45,494 shares in the company, valued at $726,994.12. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 3,000 shares of company stock worth $67,817. Corporate insiders own 19.40% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Captrust Financial Advisors purchased a new position in shares of Overstock.com in the second quarter worth about $41,000. Equitec Specialists LLC acquired a new position in Overstock.com in the 2nd quarter worth approximately $42,000. TRUE Private Wealth Advisors acquired a new position in Overstock.com in the 2nd quarter worth approximately $44,000. Joseph P. Lucia & Associates LLC purchased a new position in Overstock.com during the 2nd quarter worth approximately $45,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in Overstock.com by 78.6% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,655 shares of the company’s stock worth $50,000 after buying an additional 1,608 shares during the last quarter. Institutional investors and hedge funds own 56.61% of the company’s stock.

About Overstock.com (NASDAQ:OSTK)

Overstock.com, Inc operates as an online retailer in the United States and internationally. It operates through Retail and tZERO segments. The company offers furniture; and home d├ęcor, including rugs, bedding and bath, home improvement, kitchen items, and other related products. It also operates Worldstock Fair Trade, a store that provides handcrafted products; Pet Adoptions, a free service and portal to display pets available for adoption; and Overstock Hotels, a portal that enables customers to search and book properties within its Website.

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