Shares of Overstock.com Inc (NASDAQ:OSTK) traded up 5.3% during mid-day trading on Tuesday . The company traded as high as $11.70 and last traded at $11.82, 67,022 shares traded hands during trading. A decline of 99% from the average session volume of 7,814,134 shares. The stock had previously closed at $11.22.

A number of equities research analysts have issued reports on the stock. ValuEngine raised shares of Overstock.com from a “hold” rating to a “buy” rating in a report on Saturday, August 10th. Maxim Group set a $40.00 target price on shares of Overstock.com and gave the company a “buy” rating in a report on Monday, August 26th. BidaskClub cut shares of Overstock.com from a “strong-buy” rating to a “buy” rating in a report on Friday, September 20th. DA Davidson set a $48.00 target price on shares of Overstock.com and gave the company a “buy” rating in a report on Tuesday, September 24th. Finally, Zacks Investment Research raised shares of Overstock.com from a “sell” rating to a “hold” rating in a report on Thursday, July 11th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $44.00.

The stock has a market cap of $360.65 million, a P/E ratio of -1.89 and a beta of 2.45. The firm’s fifty day moving average price is $16.15 and its two-hundred day moving average price is $15.31. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.88 and a quick ratio of 0.82.

Overstock.com (NASDAQ:OSTK) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.69) earnings per share for the quarter, topping the consensus estimate of ($0.92) by $0.23. The firm had revenue of $373.70 million for the quarter, compared to analysts’ expectations of $376.66 million. Overstock.com had a negative net margin of 9.43% and a negative return on equity of 66.84%. The business’s quarterly revenue was down 22.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($2.20) earnings per share. On average, research analysts expect that Overstock.com Inc will post -3.31 earnings per share for the current fiscal year.

In related news, insider John Paul Knab sold 1,500 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $21.06, for a total value of $31,590.00. Following the transaction, the insider now owns 14,612 shares of the company’s stock, valued at $307,728.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Patrick Michael Byrne sold 1,056,690 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $16.32, for a total value of $17,245,180.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,564,813 shares of company stock worth $50,184,884. Insiders own 19.40% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OSTK. Rhumbline Advisers increased its stake in Overstock.com by 6.0% in the first quarter. Rhumbline Advisers now owns 29,533 shares of the company’s stock valued at $491,000 after acquiring an additional 1,666 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new position in Overstock.com in the first quarter valued at $389,000. Equitec Specialists LLC bought a new position in Overstock.com in the second quarter valued at $42,000. Joseph P. Lucia & Associates LLC bought a new position in Overstock.com in the second quarter valued at $45,000. Finally, Steward Partners Investment Advisory LLC increased its stake in Overstock.com by 72.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 23,765 shares of the company’s stock valued at $323,000 after acquiring an additional 9,970 shares during the last quarter. 56.58% of the stock is currently owned by institutional investors and hedge funds.

Overstock.com Company Profile (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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