Somewhat Positive Press Coverage Somewhat Unlikely to Impact Overstock.com (OSTK) Stock Price
Media coverage about Overstock.com (NASDAQ:OSTK) has trended somewhat positive on Thursday, according to Accern Sentiment. Accern scores the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Overstock.com earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.0931409413752 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Overstock.com (NASDAQ:OSTK) traded up 0.69% during mid-day trading on Thursday, hitting $22.00. 146,838 shares of the stock traded hands. The firm has a 50 day moving average of $17.50 and a 200 day moving average of $16.86. Overstock.com has a 12 month low of $13.05 and a 12 month high of $22.25. The company’s market cap is $550.00 million.
Overstock.com (NASDAQ:OSTK) last posted its quarterly earnings results on Thursday, August 3rd. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by $0.32. The business had revenue of $432.02 million for the quarter. Overstock.com had a negative return on equity of 6.36% and a negative net margin of 0.73%. Equities analysts anticipate that Overstock.com will post ($0.17) EPS for the current fiscal year.
Several brokerages have recently issued reports on OSTK. BidaskClub upgraded shares of Overstock.com from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Maxim Group set a $25.00 target price on shares of Overstock.com and gave the company a “buy” rating in a research report on Thursday, May 11th. Finally, TheStreet cut shares of Overstock.com from a “c” rating to a “d+” rating in a research report on Friday, May 26th.
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In other Overstock.com news, insider Jonathan E. Johnson III sold 6,000 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $20.00, for a total value of $120,000.00. Following the transaction, the insider now directly owns 71,092 shares in the company, valued at approximately $1,421,840. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Carter Paul Lee sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $18.51, for a total transaction of $37,020.00. Following the completion of the transaction, the senior vice president now owns 8,958 shares in the company, valued at $165,812.58. The disclosure for this sale can be found here. Insiders have sold 9,500 shares of company stock worth $182,520 over the last 90 days. 28.90% of the stock is currently owned by company 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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