Eqis Capital Management Inc. Acquires 1,254 Shares of Overstock.com, Inc. (NASDAQ:OSTK)
Eqis Capital Management Inc. raised its position in Overstock.com, Inc. (NASDAQ:OSTK) by 6.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,889 shares of the company’s stock after buying an additional 1,254 shares during the period. Eqis Capital Management Inc. owned 0.09% of Overstock.com worth $357,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in OSTK. Norges Bank acquired a new stake in Overstock.com during the fourth quarter worth approximately $908,000. State Street Corp raised its stake in Overstock.com by 2.7% in the fourth quarter. State Street Corp now owns 221,602 shares of the company’s stock worth $3,878,000 after buying an additional 5,776 shares in the last quarter. Karp Capital Management Corp acquired a new stake in Overstock.com during the first quarter worth approximately $263,000. Chicago Equity Partners LLC acquired a new stake in Overstock.com during the first quarter worth approximately $324,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Overstock.com during the first quarter worth approximately $265,000. 43.21% of the stock is currently owned by institutional investors.
Shares of Overstock.com, Inc. (OSTK) traded up 2.36% during midday trading on Friday, reaching $19.55. The company had a trading volume of 338,591 shares. Overstock.com, Inc. has a 12-month low of $13.05 and a 12-month high of $20.50. The stock’s market capitalization is $488.75 million. The stock’s 50 day moving average is $17.04 and its 200-day moving average is $16.75.
Overstock.com (NASDAQ:OSTK) last issued its earnings results on Thursday, August 3rd. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of $0.03 by $0.32. The firm had revenue of $432.02 million during the quarter. Overstock.com had a negative return on equity of 6.36% and a negative net margin of 0.73%. On average, equities research analysts predict that Overstock.com, Inc. will post ($0.17) earnings per share for the current fiscal year.
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A number of equities research analysts have recently commented on OSTK shares. Maxim Group reaffirmed a “buy” rating and set a $25.00 price target on shares of Overstock.com in a research report on Tuesday, May 2nd. BidaskClub raised Overstock.com from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Finally, TheStreet lowered Overstock.com from a “c” rating to a “d+” rating in a research report on Friday, May 26th.
In other Overstock.com news, SVP Brian L. Popelka sold 3,500 shares of the stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $14.35, for a total transaction of $50,225.00. Following the completion of the transaction, the senior vice president now owns 14,682 shares of the company’s stock, valued at approximately $210,686.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jonathan E. Johnson III sold 6,000 shares of the stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $20.00, for a total transaction of $120,000.00. Following the transaction, the insider now directly owns 71,092 shares of the company’s stock, valued at approximately $1,421,840. The disclosure for this sale can be found here. Insiders sold a total of 13,000 shares of company stock valued at $232,745 in the last ninety days. 28.90% of the stock is currently owned by insiders.
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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