Jonathan E. Johnson III Sells 4,000 Shares of Overstock.com, Inc. (OSTK) Stock
Overstock.com, Inc. (NASDAQ:OSTK) insider Jonathan E. Johnson III sold 4,000 shares of Overstock.com stock in a transaction on 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 of the company’s stock, valued at $2,051,985. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Overstock.com, Inc. (NASDAQ:OSTK) opened at $45.85 on Wednesday. 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 released its quarterly earnings results on Wednesday, November 8th. The company reported ($0.03) earnings per share 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 company had revenue of $424.00 million during the quarter, compared to analysts’ expectations of $452.60 million. Overstock.com’s revenue for the quarter was down 4.0% on a year-over-year basis. equities analysts anticipate that Overstock.com, Inc. will post -0.47 EPS for the current fiscal year.
OSTK has been the subject of several research reports. DA Davidson lifted their price objective 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 raised Overstock.com from a “hold” rating to a “buy” rating in a report on Saturday, August 12th.
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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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