Insider Selling: Overstock.com Inc (NASDAQ:OSTK) Insider Sells $335,175.00 in Stock

Overstock.com Inc (NASDAQ:OSTK) insider Meghan Tuohig sold 4,469 shares of Overstock.com stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $75.00, for a total value of $335,175.00. Following the completion of the sale, the insider now directly owns 5,766 shares of the company’s stock, valued at $432,450. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Meghan Tuohig also recently made the following trade(s):

  • On Friday, July 10th, Meghan Tuohig sold 1,500 shares of Overstock.com stock. The stock was sold at an average price of $50.00, for a total value of $75,000.00.
  • On Monday, July 6th, Meghan Tuohig sold 750 shares of Overstock.com stock. The stock was sold at an average price of $36.20, for a total value of $27,150.00.
  • On Wednesday, July 1st, Meghan Tuohig sold 500 shares of Overstock.com stock. The stock was sold at an average price of $30.00, for a total value of $15,000.00.
  • On Friday, June 19th, Meghan Tuohig sold 250 shares of Overstock.com stock. The stock was sold at an average price of $25.00, for a total value of $6,250.00.

NASDAQ:OSTK opened at $75.59 on Friday. The stock has a 50-day simple moving average of $38.43 and a 200-day simple moving average of $17.22. The stock has a market cap of $3.05 billion, a P/E ratio of -64.06 and a beta of 3.79. Overstock.com Inc has a 1 year low of $2.53 and a 1 year high of $79.42. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.90 and a current ratio of 0.92.

Overstock.com (NASDAQ:OSTK) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.96. The business had revenue of $783.00 million during the quarter, compared to analysts’ expectations of $680.20 million. Overstock.com had a negative return on equity of 22.36% and a negative net margin of 2.05%. The business’s quarterly revenue was up 109.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.69) EPS.

Large investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its position in shares of Overstock.com by 12.6% during the 1st quarter. Victory Capital Management Inc. now owns 6,681 shares of the company’s stock worth $33,000 after acquiring an additional 749 shares in the last quarter. TRUE Private Wealth Advisors boosted its position in shares of Overstock.com by 36.6% during the 1st quarter. TRUE Private Wealth Advisors now owns 9,150 shares of the company’s stock worth $45,000 after acquiring an additional 2,450 shares in the last quarter. Parallel Advisors LLC acquired a new position in shares of Overstock.com during the 2nd quarter worth about $49,000. Trustcore Financial Services LLC purchased a new stake in shares of Overstock.com in the 1st quarter valued at about $50,000. Finally, Deutsche Bank AG lifted its holdings in shares of Overstock.com by 23.8% in the 1st quarter. Deutsche Bank AG now owns 11,216 shares of the company’s stock valued at $55,000 after purchasing an additional 2,157 shares during the last quarter. 40.50% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently commented on the company. DA Davidson boosted their target price on Overstock.com from $66.00 to $103.00 and gave the stock a “buy” rating in a research note on Friday. BidaskClub raised Overstock.com from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Finally, ValuEngine cut Overstock.com from a “buy” rating to a “hold” rating in a research note on Thursday, July 2nd. One analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $51.67.

About Overstock.com

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 d├ęcor, 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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Insider Buying and Selling by Quarter for Overstock.com (NASDAQ:OSTK)

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