Overstock.com Inc (NASDAQ:OSTK) shares hit a new 52-week high on Friday . The company traded as high as $29.75 and last traded at $28.14, with a volume of 3551843 shares changing hands. The stock had previously closed at $26.72.

Several equities research analysts have recently commented on OSTK shares. Maxim Group set a $40.00 price target on shares of Overstock.com and gave the company a “buy” rating in a report on Monday, August 26th. 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 $38.00 price objective on shares of Overstock.com and gave the company a “buy” rating in a research note on Monday. BidaskClub upgraded shares of Overstock.com from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Finally, ValuEngine upgraded shares of Overstock.com from a “hold” rating to a “buy” rating in a research note on Saturday, August 10th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $39.00.

The company has a market capitalization of $752.36 million, a PE ratio of -4.07 and a beta of 2.50. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.88 and a quick ratio of 0.82. The company’s 50 day simple moving average is $19.53 and its 200 day simple moving average is $16.08.

Overstock.com (NASDAQ:OSTK) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.69) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.92) by $0.23. Overstock.com had a negative return on equity of 66.84% and a negative net margin of 9.43%. The business had revenue of $373.70 million during the quarter, compared to the consensus estimate of $376.66 million. During the same quarter in the previous year, the company posted ($2.20) EPS. The business’s revenue was down 22.6% on a year-over-year basis.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Overstock.com by 30.0% during the second quarter. Vanguard Group Inc. now owns 1,513,402 shares of the company’s stock worth $20,583,000 after purchasing an additional 348,893 shares during the period. BlackRock Inc. grew its position in shares of Overstock.com by 17.5% in the second quarter. BlackRock Inc. now owns 1,855,395 shares of the company’s stock valued at $25,234,000 after purchasing an additional 275,844 shares during the last quarter. Morgan Stanley grew its position in shares of Overstock.com by 5.6% in the second quarter. Morgan Stanley now owns 4,192,384 shares of the company’s stock valued at $57,017,000 after purchasing an additional 222,811 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in Overstock.com during the second quarter worth approximately $2,277,000. Finally, SG Americas Securities LLC grew its position in Overstock.com by 374.3% during the second quarter. SG Americas Securities LLC now owns 201,541 shares of the company’s stock worth $2,741,000 after buying an additional 159,049 shares in the last quarter. Hedge funds and other institutional investors 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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