Overstock.com (OSTK) Receives Coverage Optimism Score of 0.12
News coverage about Overstock.com (NASDAQ:OSTK) has been trending somewhat positive on Saturday, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Overstock.com earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the company an impact score of 44.9270004588204 out of 100, indicating 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 news stories that may have impacted Accern Sentiment’s rankings:
- Today’s Research Reports on Stocks to Watch: Sears and OverStock.com (finance.yahoo.com)
- Why Zumiez, Genesco, and Overstock.com Slumped Today (finance.yahoo.com)
- Notable Thursday Option Activity: GCO, LVS, OSTK (marketnewsvideo.com)
- Overstock com : This Week Bitcoin Price Hits $11,000 (4-traders.com)
- Bitcoin hits record $10k the night of big crypto conference and everyone parties (finance.yahoo.com)
Several research analysts have issued reports on OSTK shares. DA Davidson increased their price target on Overstock.com from $57.00 to $87.00 and gave the stock a “buy” rating in a 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 report on Saturday, August 12th.
Overstock.com (NASDAQ:OSTK) last posted its earnings results on Wednesday, November 8th. The company reported ($0.03) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.06. The company had revenue of $424.00 million for the quarter, compared to analyst estimates of $452.60 million. Overstock.com had a negative return on equity of 4.95% and a negative net margin of 0.61%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. sell-side analysts predict that Overstock.com will post -0.47 EPS for the current year.
In other Overstock.com news, SVP Amit Goyal sold 2,762 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $55.49, for a total value of $153,263.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sam Noursalehi sold 5,000 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $51.25, for a total value of $256,250.00. Following the completion of the sale, the insider now directly owns 11,308 shares of the company’s stock, valued at $579,535. The disclosure for this sale can be found here. Insiders have sold 35,886 shares of company stock valued at $1,290,961 over the last ninety days. 28.90% of the stock is currently owned by company insiders.
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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.
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