Media coverage about Overstock.com (NASDAQ:OSTK) has trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Overstock.com earned a news impact score of 0.18 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.8517478427501 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.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Is Overstock.com Looking to Implement Two-Day Delivery? (finance.yahoo.com)
- Overstock.com Considers Adding 2-Day Delivery (investorplace.com)
- Overstock.Com Up 21.7% Since SmarTrend Uptrend Call (OSTK) (mysmartrend.com)
- Overstock.com, Inc. (NASDAQ:OSTK) Insider Sells $120,000.00 in Stock (americanbankingnews.com)
- Overstock.com Becomes First Major Retailer to Accept Altcoins (investorsbuz.com)
OSTK has been the subject of a number of analyst reports. Maxim Group set a $25.00 price objective on Overstock.com and gave the stock a “buy” rating in a research note on Friday, May 19th. BidaskClub raised Overstock.com from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Finally, TheStreet cut Overstock.com from a “c” rating to a “d+” rating in a research note on Friday, May 26th.
Shares of Overstock.com (NASDAQ:OSTK) traded up 2.36% during midday trading on Friday, hitting $19.55. The company had a trading volume of 338,591 shares. The stock’s market capitalization is $488.75 million. The stock’s 50-day moving average price is $17.04 and its 200-day moving average price is $16.75. Overstock.com has a one year low of $13.05 and a one year high of $20.50.
Overstock.com (NASDAQ:OSTK) last issued its quarterly earnings results on Thursday, August 3rd. The company reported ($0.29) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.32. Overstock.com had a negative return on equity of 6.36% and a negative net margin of 0.73%. The business had revenue of $432.02 million for the quarter. Analysts predict that Overstock.com will post ($0.17) EPS for the current year.
In other Overstock.com news, SVP Carter Paul Lee sold 2,000 shares of the stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $18.51, for a total transaction of $37,020.00. Following the completion of the sale, the senior vice president now directly owns 8,958 shares in the company, valued at approximately $165,812.58. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Brian L. Popelka sold 3,500 shares of the stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $14.35, for a total value of $50,225.00. Following the sale, the senior vice president now owns 14,682 shares of the company’s stock, valued at $210,686.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,000 shares of company stock valued at $232,745. Company insiders own 28.90% 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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