Overstock.com, Inc. (NASDAQ:OSTK) SVP Carter Paul Lee sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $47.28, for a total transaction of $94,560.00. Following the completion of the sale, the senior vice president now directly owns 3,089 shares in the company, valued at approximately $146,047.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Overstock.com, Inc. (NASDAQ:OSTK) traded up $3.66 during trading hours on Monday, reaching $45.96. 3,131,461 shares of the company traded hands, compared to its average volume of 729,765. Overstock.com, Inc. has a 12 month low of $13.75 and a 12 month high of $65.70. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.86 and a quick ratio of 0.78.
Overstock.com (NASDAQ:OSTK) last issued its quarterly earnings data on Wednesday, November 8th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.06. The company had revenue of $424.00 million during the quarter, compared to analysts’ expectations of $452.60 million. Overstock.com had a negative net margin of 0.61% and a negative return on equity of 4.95%. The business’s quarterly revenue was down 4.0% on a year-over-year basis. equities research analysts anticipate that Overstock.com, Inc. will post -0.47 earnings per share for the current year.
OSTK has been the subject of several recent analyst reports. DA Davidson boosted their price objective on shares of Overstock.com from $57.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. They noted that the move was a valuation call. BidaskClub raised shares of Overstock.com from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th.
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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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