Overstock.com, Inc. (NASDAQ:OSTK) Director Barbara Messing Sells 600 Shares of Stock

Overstock.com, Inc. (NASDAQ:OSTK – Get Rating) Director Barbara Messing sold 600 shares of the company’s stock in a transaction dated Monday, January 23rd. The shares were sold at an average price of $21.65, for a total transaction of $12,990.00. Following the completion of the sale, the director now owns 4,362 shares in the company, valued at approximately $94,437.30. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Overstock.com Price Performance

OSTK opened at $21.78 on Wednesday. The firm has a market cap of $996.22 million, a price-to-earnings ratio of 108.91, a price-to-earnings-growth ratio of 3.56 and a beta of 3.35. Overstock.com, Inc. has a fifty-two week low of $17.05 and a fifty-two week high of $59.46. The company’s 50-day moving average price is $21.81 and its 200 day moving average price is $24.87. The company has a quick ratio of 2.01, a current ratio of 2.04 and a debt-to-equity ratio of 0.05.

Overstock.com (NASDAQ:OSTK – Get Rating) last posted its earnings results on Thursday, October 27th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. Overstock.com had a net margin of 0.62% and a return on equity of 5.65%. The firm had revenue of $460.28 million during the quarter, compared to analysts’ expectations of $491.20 million. As a group, sell-side analysts expect that Overstock.com, Inc. will post 0.57 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its position in Overstock.com by 25.3% in the 3rd quarter. BlackRock Inc. now owns 4,480,659 shares of the company’s stock worth $109,105,000 after purchasing an additional 905,863 shares during the last quarter. Vanguard Group Inc. grew its position in Overstock.com by 5.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,194,008 shares of the company’s stock worth $102,123,000 after purchasing an additional 212,866 shares during the last quarter. William Blair Investment Management LLC grew its position in Overstock.com by 9.1% in the 2nd quarter. William Blair Investment Management LLC now owns 3,435,587 shares of the company’s stock worth $85,924,000 after purchasing an additional 286,609 shares during the last quarter. Simcoe Capital Management LLC grew its position in Overstock.com by 74.3% in the 2nd quarter. Simcoe Capital Management LLC now owns 2,457,435 shares of the company’s stock worth $61,460,000 after purchasing an additional 1,047,525 shares during the last quarter. Finally, State Street Corp grew its position in Overstock.com by 2.4% in the 2nd quarter. State Street Corp now owns 1,049,581 shares of the company’s stock worth $26,250,000 after purchasing an additional 24,612 shares during the last quarter. Institutional investors own 62.13% of the company’s stock.

Analysts Set New Price Targets

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

Overstock.com Company Profile

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Overstock.com, Inc operates online shopping commercial site. It also sells these products through www.overstock.com, www.o.com, and www.o.biz. It operates through the following business segments: Retail, tZERO, and MVI. The Retail Segment engages in e-commerce sales through its website. The tZERO Segment focuses on securities transaction through its broker-dealers.