Overstock.com Inc (NASDAQ:OSTK) shares gapped down prior to trading on Tuesday . The stock had previously closed at $15.80, but opened at $19.75. Overstock.com shares last traded at $18.59, with a volume of 3,854,322 shares traded.

OSTK has been the subject of a number of analyst reports. Maxim Group set a $40.00 price objective on shares of Overstock.com and gave the company a “buy” rating in a research report on Monday, August 26th. BidaskClub upgraded shares of Overstock.com from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 12th. Zacks Investment Research upgraded shares of Overstock.com from a “sell” rating to a “hold” rating in a research report on Thursday, July 11th. DA Davidson set a $38.00 price objective on shares of Overstock.com and gave the company a “buy” rating in a research report on Monday, September 9th. Finally, ValuEngine upgraded shares of Overstock.com from a “hold” rating to a “buy” rating in a research report on Saturday, August 10th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $39.00.

The business’s 50-day moving average price is $19.94 and its 200 day moving average price is $16.20. The company has a quick ratio of 0.82, a current ratio of 0.88 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $879.76 million, a P/E ratio of -2.89 and a beta of 2.51.

Overstock.com (NASDAQ:OSTK) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.69) EPS for the quarter, beating analysts’ consensus estimates of ($0.92) by $0.23. Overstock.com had a negative net margin of 9.43% and a negative return on equity of 66.84%. The company had revenue of $373.70 million during the quarter, compared to analyst estimates of $376.66 million. During the same period last year, the business earned ($2.20) earnings per share. Overstock.com’s revenue was down 22.6% compared to the same quarter last year.

In related news, CEO Jonathan E. Johnson III bought 2,000 shares of the company’s stock in a transaction on Friday, August 30th. The stock was acquired at an average cost of $15.98 per share, for a total transaction of $31,960.00. Following the completion of the transaction, the chief executive officer now directly owns 45,494 shares in the company, valued at approximately $726,994.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John Paul Knab sold 1,500 shares of Overstock.com stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $21.06, for a total transaction of $31,590.00. Following the sale, the insider now owns 14,612 shares of the company’s stock, valued at $307,728.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,000 shares of company stock valued at $67,817. 19.40% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Advisor Group Inc. lifted its holdings in shares of Overstock.com by 22.1% in the 2nd quarter. Advisor Group Inc. now owns 4,162 shares of the company’s stock worth $56,000 after acquiring an additional 754 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Overstock.com by 78.6% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,655 shares of the company’s stock worth $50,000 after acquiring an additional 1,608 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Overstock.com by 6.0% in the 1st quarter. Rhumbline Advisers now owns 29,533 shares of the company’s stock worth $491,000 after acquiring an additional 1,666 shares during the last quarter. Captrust Financial Advisors bought a new stake in shares of Overstock.com in the 2nd quarter worth approximately $41,000. Finally, Equitec Specialists LLC bought a new stake in shares of Overstock.com in the 2nd quarter worth approximately $42,000. Hedge funds and other institutional investors own 56.58% of the company’s stock.

About Overstock.com (NASDAQ:OSTK)

Overstock.com, Inc operates as an online retailer in the United States and internationally. It operates through Retail and tZERO segments. The company offers furniture; and home d├ęcor, including rugs, bedding and bath, home improvement, kitchen items, and other related products. It also operates Worldstock Fair Trade, a store that provides handcrafted products; Pet Adoptions, a free service and portal to display pets available for adoption; and Overstock Hotels, a portal that enables customers to search and book properties within its Website.

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