Somewhat Positive News Coverage Somewhat Unlikely to Affect Overstock.com (OSTK) Share Price

News headlines about Overstock.com (NASDAQ:OSTK) have trended somewhat positive on Tuesday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Overstock.com earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.6552666001173 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the media stories that may have effected Accern’s analysis:

Shares of Overstock.com (NASDAQ OSTK) traded up $3.45 during trading on Tuesday, hitting $69.20. 3,446,272 shares of the company were exchanged, compared to its average volume of 1,034,548. The firm has a market cap of $1,645.28, a PE ratio of -160.93 and a beta of 1.38. The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 0.33. Overstock.com has a 1-year low of $13.75 and a 1-year high of $82.70.

Overstock.com (NASDAQ:OSTK) last posted its quarterly earnings data on Wednesday, November 8th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.06. The firm 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 revenue was down 4.0% compared to the same quarter last year. equities analysts predict that Overstock.com will post -0.47 EPS for the current year.

A number of brokerages recently issued reports on OSTK. BidaskClub upgraded shares of Overstock.com from a “hold” rating to a “buy” rating in a research report on Saturday, December 16th. DA Davidson increased their target price on shares of Overstock.com from $57.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. They noted that the move was a valuation call.

In other Overstock.com news, Director Joseph J. Tabacco, Jr. sold 2,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $51.95, for a total value of $103,900.00. Following the completion of the sale, the director now owns 42,099 shares in the company, valued at approximately $2,187,043.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sam Noursalehi sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $51.25, for a total transaction of $256,250.00. Following the completion of the sale, the insider now owns 11,308 shares of the company’s stock, valued at approximately $579,535. The disclosure for this sale can be found here. Insiders sold a total of 24,386 shares of company stock valued at $1,143,021 in the last 90 days. Corporate insiders own 28.90% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Overstock.com (NASDAQ:OSTK)

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