Investors Purchase Large Volume of Call Options on Overstock.com (NASDAQ:OSTK)

Overstock.com, Inc. (NASDAQ:OSTKGet Rating) was the recipient of unusually large options trading on Friday. Traders bought 7,961 call options on the company. This represents an increase of approximately 84% compared to the typical volume of 4,328 call options.

Overstock.com Price Performance

Shares of NASDAQ OSTK opened at $21.41 on Friday. Overstock.com has a twelve month low of $17.05 and a twelve month high of $59.46. The company has a current ratio of 2.04, a quick ratio of 2.01 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $979.29 million, a price-to-earnings ratio of 107.06, a price-to-earnings-growth ratio of 3.32 and a beta of 3.35. The business has a 50 day simple moving average of $21.95 and a 200-day simple moving average of $24.98.

Overstock.com (NASDAQ:OSTKGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Overstock.com had a return on equity of 5.65% and a net margin of 0.62%. The business had revenue of $460.28 million during the quarter, compared to the consensus estimate of $491.20 million. As a group, equities research analysts expect that Overstock.com will post 0.58 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on OSTK. StockNews.com began coverage on Overstock.com in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Needham & Company LLC cut Overstock.com from a “buy” rating to a “hold” rating in a report on Wednesday, January 4th. Argus began coverage on Overstock.com in a report on Thursday, October 20th. They issued a “hold” rating for the company. Guggenheim restated a “neutral” rating on shares of Overstock.com in a report on Tuesday, October 4th. Finally, Piper Sandler lowered their price target on Overstock.com to $35.00 in a report on Tuesday, November 1st. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $47.17.

Institutional Investors Weigh In On Overstock.com

Institutional investors have recently made changes to their positions in the company. Wagner Wealth Management LLC bought a new stake in shares of Overstock.com in the 2nd quarter valued at approximately $25,000. CWM LLC boosted its position in Overstock.com by 315.2% during the 2nd quarter. CWM LLC now owns 1,121 shares of the company’s stock worth $28,000 after acquiring an additional 851 shares during the period. CoreCap Advisors LLC acquired a new position in Overstock.com during the 2nd quarter worth $30,000. Covestor Ltd boosted its position in Overstock.com by 7,081.8% during the 1st quarter. Covestor Ltd now owns 790 shares of the company’s stock worth $35,000 after acquiring an additional 779 shares during the period. Finally, Geneos Wealth Management Inc. acquired a new position in Overstock.com during the 2nd quarter worth $41,000. 62.13% of the stock is currently owned by institutional investors.

Overstock.com Company Profile

(Get Rating)

Overstock.com, Inc operates as an online retailer in the United States. The company offers furniture, décor, area rug, bedding and bath, home improvement, outdoor, and kitchen and dining items. It provides its products and services through its internet websites comprising overstock.com, o.co, overstock.ca, and overstockgovernment.com.

Further Reading

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