Overstock.com (OSTK) Shares Gap Up to $39.20

Overstock.com Inc (NASDAQ:OSTK) shares gapped up before the market opened on Friday . The stock had previously closed at $40.90, but opened at $39.20. Overstock.com shares last traded at $37.90, with a volume of 1936163 shares traded.

Several analysts recently commented on the company. BidaskClub upgraded Overstock.com from a “hold” rating to a “buy” rating in a research report on Saturday, December 16th. DA Davidson boosted their price target on Overstock.com from $85.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, January 8th. Zacks Investment Research cut Overstock.com from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 21st. Finally, TheStreet cut Overstock.com from a “c-” rating to a “d” rating in a research report on Tuesday, March 20th. Two research analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $62.50.

The company has a quick ratio of 1.17, a current ratio of 1.24 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $1,070.27, a P/E ratio of -21.00 and a beta of 1.87.



In related news, insider Jonathan E. Johnson III sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $66.10, for a total transaction of $264,400.00. Following the completion of the sale, the insider now directly owns 30,092 shares in the company, valued at $1,989,081.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 28.90% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the business. SG Americas Securities LLC purchased a new stake in Overstock.com in the 3rd quarter valued at $109,000. Edge Wealth Management LLC purchased a new stake in Overstock.com in the 4th quarter valued at $130,000. Pier 88 Investment Partners LLC purchased a new stake in Overstock.com in the 4th quarter valued at $147,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in Overstock.com by 113.6% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,990 shares of the company’s stock valued at $191,000 after buying an additional 1,590 shares in the last quarter. Finally, LPL Financial LLC purchased a new stake in Overstock.com in the 4th quarter valued at $208,000. Institutional investors own 58.63% 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.

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