Eric Glen Nickle Sells 2,000 Shares of Overstock.com, Inc. (NASDAQ:OSTK) Stock

Overstock.com, Inc. (NASDAQ:OSTK – Get Rating) insider Eric Glen Nickle sold 2,000 shares of the stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $17.19, for a total transaction of $34,380.00. Following the sale, the insider now owns 15,434 shares in the company, valued at approximately $265,310.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Overstock.com Price Performance

Shares of NASDAQ OSTK opened at $19.41 on Friday. The stock has a market cap of $874.03 million, a P/E ratio of -23.67 and a beta of 3.42. The firm’s 50-day simple moving average is $20.84 and its 200 day simple moving average is $22.89. Overstock.com, Inc. has a fifty-two week low of $17.05 and a fifty-two week high of $53.34. The company has a quick ratio of 2.13, a current ratio of 2.17 and a debt-to-equity ratio of 0.05.

Overstock.com (NASDAQ:OSTK – Get Rating) last released its quarterly earnings results on Wednesday, February 22nd. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.07). The company had revenue of $404.90 million for the quarter, compared to the consensus estimate of $448.66 million. Overstock.com had a positive return on equity of 3.31% and a negative net margin of 1.83%. The firm’s quarterly revenue was down 33.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.36 earnings per share. Equities analysts expect that Overstock.com, Inc. will post -0.06 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on OSTK. TheStreet cut Overstock.com from a “c-” rating to a “d+” rating in a research report on Friday, March 10th. DA Davidson dropped their target price on Overstock.com from $98.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, February 23rd. Wedbush cut their target price on Overstock.com from $42.00 to $26.00 and set an “outperform” rating on the stock in a research note on Thursday, February 23rd. StockNews.com initiated coverage on shares of Overstock.com in a research report on Thursday. They set a “sell” rating for the company. Finally, Piper Sandler cut their price objective on shares of Overstock.com from $34.00 to $29.00 and set an “overweight” rating on the stock in a research report on Thursday, February 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $35.57.

Institutional Investors Weigh In On Overstock.com

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd boosted its stake in Overstock.com by 7,081.8% during the 1st quarter. Covestor Ltd now owns 790 shares of the company’s stock valued at $35,000 after purchasing an additional 779 shares in the last quarter. Wagner Wealth Management LLC acquired a new stake in Overstock.com during the second quarter valued at approximately $25,000. Captrust Financial Advisors boosted its holdings in Overstock.com by 308.3% during the first quarter. Captrust Financial Advisors now owns 1,037 shares of the company’s stock worth $46,000 after buying an additional 783 shares in the last quarter. CoreCap Advisors LLC bought a new stake in Overstock.com during the second quarter worth approximately $30,000. Finally, U.S. Capital Wealth Advisors LLC acquired a new position in Overstock.com in the fourth quarter worth approximately $29,000. Institutional investors own 62.13% of the company’s stock.

About Overstock.com

(Get Rating)

Overstock.com, Inc operates an online shopping site. It also sells these products through www.overstock.com, www.o.com, and www.o.biz. It operates through the following business segments: Retail, tZERO, and MVI. The Retail Segment engages in e-commerce sales through its website. The tZERO Segment focuses on securities transaction through its broker-dealers.