Overstock.com, Inc. (OSTK) Scheduled to Post Earnings on Wednesday
Overstock.com, Inc. (NASDAQ:OSTK) is scheduled to post its quarterly earnings results after the market closes on Wednesday, November 1st.
Overstock.com (NASDAQ:OSTK) last issued its quarterly earnings data on Thursday, August 3rd. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates 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%. On average, analysts expect Overstock.com to post $-0.48 EPS for the current fiscal year and $-0.4 EPS for the next fiscal year.
Shares of Overstock.com, Inc. (NASDAQ OSTK) opened at 38.60 on Wednesday. The firm’s market cap is $965.00 million. The stock’s 50 day moving average is $28.25 and its 200-day moving average is $19.77. Overstock.com, Inc. has a 52 week low of $13.05 and a 52 week high of $39.45.
In other Overstock.com news, SVP Carter Paul Lee sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $18.51, for a total value of $37,020.00. Following the sale, the senior vice president now owns 8,958 shares of the company’s stock, valued at $165,812.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jonathan E. Johnson III sold 6,000 shares of the company’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $20.00, for a total value of $120,000.00. Following the completion of the sale, the insider now directly owns 71,092 shares in the company, valued at approximately $1,421,840. The disclosure for this sale can be found here. Insiders have sold 31,500 shares of company stock worth $756,570 in the last ninety days. 28.90% of the stock is currently owned by corporate insiders.
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A number of research analysts have recently issued reports on the company. DA Davidson boosted their target price on Overstock.com from $28.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, September 28th. BidaskClub raised Overstock.com from a “hold” rating to a “buy” rating in a report on Saturday, August 12th.
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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