News stories about Overstock.com (NASDAQ:OSTK) have been trending somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Overstock.com earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the company an impact score of 42.906616067557 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Overstock.com’s Shopping App Named Best Retail Mobile Application (finance.yahoo.com)
- Proxies for Bitcoin Slump as Crypto Goes Mainstream (finance.yahoo.com)
- The Cannabis Business Awards 2017 Presented by Chloe Villano and Clover Leaf (prweb.com)
- Recent Insiders Bustle: Twenty-First Century Fox, Inc. (FOX), Overstock.com, Inc. (OSTK) – Market Movers (financialqz.com)
- Options Traders Expect Huge Moves in Overstock.com (OSTK) Stock … – Nasdaq (nasdaq.com)
A number of analysts recently commented on the company. DA Davidson lifted their price objective on Overstock.com from $57.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. They noted that the move was a valuation call. BidaskClub upgraded Overstock.com from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th.
Overstock.com (NASDAQ:OSTK) last announced its quarterly earnings data on Wednesday, November 8th. The company reported ($0.03) EPS for the quarter, topping the Zacks’ 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 during the quarter, compared to analyst estimates of $452.60 million. Overstock.com’s revenue was down 4.0% on a year-over-year basis. sell-side analysts predict that Overstock.com will post -0.47 EPS for the current fiscal year.
In other Overstock.com news, insider Jonathan E. Johnson III sold 17,500 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $25.00, for a total transaction of $437,500.00. Following the transaction, the insider now owns 52,092 shares in the company, valued at $1,302,300. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jonathan E. Johnson III sold 4,000 shares of the firm’s 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 owns 42,092 shares in the company, valued at approximately $2,051,985. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,886 shares of company stock worth $1,580,521. Company insiders own 28.90% 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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