TRUE Private Wealth Advisors Purchases Shares of 3,250 Overstock.com Inc (NASDAQ:OSTK)

TRUE Private Wealth Advisors purchased a new stake in Overstock.com Inc (NASDAQ:OSTK) in the second quarter, HoldingsChannel reports. The fund purchased 3,250 shares of the company’s stock, valued at approximately $44,000.

A number of other institutional investors also recently modified their holdings of OSTK. Investors Research Corp bought a new stake in Overstock.com in the 1st quarter valued at $28,000. Equitec Specialists LLC bought a new stake in Overstock.com in the 2nd quarter valued at $42,000. Joseph P. Lucia & Associates LLC bought a new stake in Overstock.com in the 2nd quarter valued at $45,000. Advisor Group Inc. boosted its holdings in Overstock.com by 22.1% in the 2nd quarter. Advisor Group Inc. now owns 4,162 shares of the company’s stock valued at $56,000 after purchasing an additional 754 shares during the period. Finally, Aperio Group LLC bought a new position in shares of Overstock.com during the 2nd quarter worth about $61,000. 61.58% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Joseph J. Tabacco, Jr. purchased 40,000 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was purchased at an average cost of $10.45 per share, with a total value of $418,000.00. Following the acquisition, the director now directly owns 66,033 shares of the company’s stock, valued at approximately $690,044.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 19.40% of the company’s stock.



A number of equities analysts have recently commented on the stock. BidaskClub raised shares of Overstock.com from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. ValuEngine raised shares of Overstock.com from a “hold” rating to a “buy” rating in a report on Saturday, August 10th. Maxim Group reaffirmed a “buy” rating and set a $40.00 price objective (up from $34.00) on shares of Overstock.com in a report on Friday, August 9th. DA Davidson set a $48.00 price objective on shares of Overstock.com and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, Zacks Investment Research raised shares of Overstock.com from a “sell” rating to a “hold” rating in a report on Thursday, July 11th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $44.00.

OSTK stock traded down $0.35 during trading on Friday, hitting $18.11. 5,902,100 shares of the stock traded hands, compared to its average volume of 5,599,225. Overstock.com Inc has a one year low of $8.96 and a one year high of $31.55. The stock has a market cap of $563.57 million, a price-to-earnings ratio of -2.92 and a beta of 2.40. The company has a 50 day simple moving average of $18.82 and a 200 day simple moving average of $16.23. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 0.22.

Overstock.com (NASDAQ:OSTK) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.69) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.92) by $0.23. Overstock.com had a negative net margin of 9.43% and a negative return on equity of 66.84%. The firm had revenue of $373.70 million during the quarter, compared to the consensus estimate of $376.66 million. During the same period last year, the firm posted ($2.20) EPS. The firm’s quarterly revenue was down 22.6% on a year-over-year basis. As a group, analysts predict that Overstock.com Inc will post -3.31 earnings per share for the current fiscal year.

Overstock.com Profile

Overstock.com, Inc operates as an online retailer in the United States and internationally. It operates through Retail and tZERO segments. The company offers furniture; and home décor, including rugs, bedding and bath, home improvement, kitchen items, and other related products. It also operates Worldstock Fair Trade, a store that provides handcrafted products; Pet Adoptions, a free service and portal to display pets available for adoption; and Overstock Hotels, a portal that enables customers to search and book properties within its Website.

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Institutional Ownership by Quarter for Overstock.com (NASDAQ:OSTK)

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