Overstock.com, Inc. (OSTK) Insider Sells $195,000.00 in Stock

Overstock.com, Inc. (NASDAQ:OSTK) insider Jonathan E. Johnson III sold 4,000 shares of the stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $48.75, for a total value of $195,000.00. Following the transaction, the insider now directly owns 42,092 shares in the company, valued at approximately $2,051,985. The transaction was disclosed in a filing with the SEC, which is available at this link.

Overstock.com, Inc. (NASDAQ OSTK) traded down $3.20 on Thursday, reaching $42.65. The company had a trading volume of 3,051,700 shares, compared to its average volume of 763,334. Overstock.com, Inc. has a 1 year low of $13.75 and a 1 year 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 posted its earnings results on Wednesday, November 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $424.00 million for the quarter, compared to analyst estimates of $452.60 million. The business’s revenue was down 4.0% on a year-over-year basis. equities analysts forecast that Overstock.com, Inc. will post -0.47 earnings per share for the current year.

Several equities analysts recently issued reports on the company. BidaskClub raised Overstock.com from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. DA Davidson assumed coverage on Overstock.com in a research note on Wednesday, September 6th. They set a “buy” rating and a $28.00 target price on the stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GSA Capital Partners LLP acquired a new position in Overstock.com during the 3rd quarter worth about $215,000. Cubist Systematic Strategies LLC acquired a new stake in Overstock.com in the 3rd quarter valued at about $448,000. Cornerstone Capital Management Holdings LLC. raised its position in Overstock.com by 46.9% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 171,338 shares of the company’s stock valued at $5,088,000 after purchasing an additional 54,700 shares in the last quarter. Partnervest Advisory Services LLC acquired a new stake in Overstock.com in the 3rd quarter valued at about $244,000. Finally, Dimensional Fund Advisors LP raised its position in Overstock.com by 3.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,631,200 shares of the company’s stock valued at $48,446,000 after purchasing an additional 53,031 shares in the last quarter. 47.74% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Insider Buying and Selling by Quarter for Overstock.com (NASDAQ:OSTK)

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