Jonathan E. Johnson III Sells 17,500 Shares of Overstock.com, Inc. (OSTK) Stock
Overstock.com, Inc. (NASDAQ:OSTK) insider Jonathan E. Johnson III sold 17,500 shares of Overstock.com stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $25.00, for a total value of $437,500.00. Following the transaction, the insider now owns 52,092 shares of the company’s stock, valued at approximately $1,302,300. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of Overstock.com, Inc. (OSTK) traded down 1.39% during trading on Thursday, hitting $24.75. The company had a trading volume of 255,805 shares. The firm’s market capitalization is $618.75 million. The stock’s 50-day moving average is $19.73 and its 200 day moving average is $17.25. Overstock.com, Inc. has a 52-week low of $13.05 and a 52-week high of $25.10.
Overstock.com (NASDAQ:OSTK) last posted its quarterly earnings results on Thursday, August 3rd. The company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.32). The firm 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%. Equities research analysts predict that Overstock.com, Inc. will post ($0.48) earnings per share for the current fiscal year.
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Institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio increased its holdings in Overstock.com by 16.2% in the first 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 in the last quarter. SG Americas Securities LLC purchased a new position in Overstock.com in the first quarter valued at about $122,000. American International Group Inc. increased its holdings in Overstock.com by 7.0% in the first 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 in the last quarter. Nationwide Fund Advisors increased its holdings in Overstock.com by 5.9% in the first quarter. Nationwide Fund Advisors now owns 10,308 shares of the company’s stock valued at $177,000 after buying an additional 571 shares in the last quarter. Finally, AXA purchased a new position in Overstock.com in the second quarter valued at about $176,000. 44.33% of the stock is owned by institutional investors.
OSTK has been the subject of several recent analyst reports. Maxim Group set a $25.00 price target on Overstock.com and gave the company a “buy” rating in a research note on Friday, May 19th. DA Davidson initiated coverage on Overstock.com in a research note on Wednesday, September 6th. They issued a “buy” rating and a $28.00 price target for the company. BidaskClub upgraded Overstock.com from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Finally, TheStreet lowered Overstock.com from a “c” rating to a “d+” rating in a research note on Friday, May 26th.
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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