Overstock.com, Inc. (OSTK) to Post Q3 2017 Earnings of ($0.09) Per Share, DA Davidson Forecasts
Overstock.com, Inc. (NASDAQ:OSTK) – Investment analysts at DA Davidson issued their Q3 2017 earnings estimates for shares of Overstock.com in a research report issued on Wednesday. DA Davidson analyst T. Forte anticipates that the company will post earnings per share of ($0.09) for the quarter. DA Davidson has a “Buy” rating and a $28.00 price target on the stock. DA Davidson also issued estimates for Overstock.com’s Q4 2017 earnings at $0.06 EPS, FY2017 earnings at ($0.48) EPS, FY2018 earnings at ($0.40) EPS, FY2019 earnings at ($0.31) EPS, FY2020 earnings at $0.00 EPS and FY2021 earnings at $0.20 EPS.
Several other research firms have also commented on OSTK. Maxim Group set a $25.00 target price on shares of Overstock.com and gave the company a “buy” rating in a report on Friday, May 19th. BidaskClub raised shares of Overstock.com from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Finally, TheStreet lowered shares of Overstock.com from a “c” rating to a “d+” rating in a report on Friday, May 26th.
Overstock.com (OSTK) opened at 23.85 on Monday. Overstock.com has a one year low of $13.05 and a one year high of $24.95. The stock’s 50 day moving average is $19.28 and its 200-day moving average is $17.18. The firm’s market cap is $596.25 million.
Overstock.com (NASDAQ:OSTK) last issued its quarterly earnings results on Thursday, August 3rd. The company reported ($0.29) EPS 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%.
In other Overstock.com news, SVP Carter Paul Lee sold 2,000 shares of the stock in a transaction on 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 sale, the senior vice president now owns 8,958 shares of the company’s stock, valued at approximately $165,812.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan E. Johnson III sold 1,500 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $22.10, for a total transaction of $33,150.00. Following the sale, the insider now directly owns 69,592 shares of the company’s stock, valued at approximately $1,537,983.20. The disclosure for this sale can be found here. Insiders have sold a total of 11,000 shares of company stock valued at $215,670 in the last three months. 28.90% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio boosted its position in Overstock.com by 16.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 6,124 shares of the company’s stock valued at $105,000 after buying an additional 854 shares during the period. SG Americas Securities LLC purchased a new stake in Overstock.com during the 1st quarter valued at $122,000. American International Group Inc. boosted its position in Overstock.com by 7.0% during the 1st quarter. American International Group Inc. now owns 8,130 shares of the company’s stock valued at $140,000 after buying an additional 535 shares during the period. AXA purchased a new stake in Overstock.com during the 2nd quarter valued at $176,000. Finally, Nationwide Fund Advisors boosted its position in Overstock.com by 5.9% during the 1st quarter. Nationwide Fund Advisors now owns 10,308 shares of the company’s stock valued at $177,000 after buying an additional 571 shares during the period. 44.33% of the stock is owned by institutional investors and hedge funds.
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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