Overstock.com (OSTK) Getting Somewhat Favorable News Coverage, Analysis Finds

Press coverage about Overstock.com (NASDAQ:OSTK) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Overstock.com earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.2182238783661 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:

Several equities research analysts have weighed in on the company. DA Davidson upped their target price on Overstock.com to $57.00 in a report on Wednesday, October 25th. BidaskClub raised Overstock.com from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th.

Shares of Overstock.com (NASDAQ:OSTK) traded up $3.15 during trading on Tuesday, reaching $56.30. The company had a trading volume of 3,743,200 shares, compared to its average volume of 567,872. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 0.33. Overstock.com has a 52-week low of $13.75 and a 52-week high of $56.95.

Overstock.com (NASDAQ:OSTK) last posted its earnings results on Wednesday, November 8th. The company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.06. Overstock.com had a negative return on equity of 4.95% and a negative net margin of 0.61%. The business had revenue of $424.00 million during the quarter, compared to the consensus estimate of $452.60 million. Overstock.com’s revenue was down 4.0% compared to the same quarter last year. research analysts predict that Overstock.com will post -0.47 earnings per share for the current year.

In related news, SVP Amit Goyal sold 2,762 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $55.49, for a total transaction of $153,263.38. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jonathan E. Johnson III sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $22.10, for a total transaction of $33,150.00. Following the completion of the transaction, the insider now directly owns 69,592 shares of the company’s stock, valued at approximately $1,537,983.20. The disclosure for this sale can be found here. Insiders have sold a total of 37,386 shares of company stock worth $1,324,111 in the last quarter. 28.90% of the stock is currently owned by insiders.

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About Overstock.com

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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