Overstock.com Sees Unusually Large Options Volume (OSTK)

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Overstock.com Inc (NASDAQ:OSTK) was the recipient of unusually large options trading on Monday. Stock traders acquired 31,019 put options on the company. This is an increase of approximately 1,421% compared to the typical volume of 2,039 put options.

OSTK stock opened at $15.09 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 0.01. The firm has a market cap of $524.09 million, a price-to-earnings ratio of -2.43 and a beta of 2.07. Overstock.com has a fifty-two week low of $12.33 and a fifty-two week high of $48.00.

Overstock.com (NASDAQ:OSTK) last posted its quarterly earnings data on Monday, March 18th. The company reported ($1.15) earnings per share for the quarter, missing the consensus estimate of ($0.67) by ($0.48). The firm had revenue of $452.50 million for the quarter, compared to the consensus estimate of $483.20 million. Overstock.com had a negative return on equity of 86.04% and a negative net margin of 11.31%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($3.72) EPS. As a group, equities analysts expect that Overstock.com will post -2.54 EPS for the current fiscal year.

A number of equities research analysts have recently issued reports on the company. BidaskClub cut Overstock.com from a “sell” rating to a “strong sell” rating in a research note on Saturday, March 30th. DA Davidson dropped their price objective on Overstock.com from $58.00 to $51.00 and set a “buy” rating on the stock in a research note on Tuesday, March 19th. They noted that the move was a valuation call. ValuEngine cut Overstock.com from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Maxim Group reiterated a “buy” rating on shares of Overstock.com in a research report on Tuesday, December 18th. Finally, Zacks Investment Research upgraded Overstock.com from a “sell” rating to a “hold” rating in a research report on Thursday, January 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $54.67.

In related news, Director Joseph J. Tabacco, Jr. acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were bought at an average price of $18.20 per share, for a total transaction of $91,000.00. Following the purchase, the director now directly owns 56,033 shares in the company, valued at approximately $1,019,800.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider John Paul Knab sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $16.93, for a total value of $42,325.00. Following the sale, the insider now owns 15,812 shares in the company, valued at approximately $267,697.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,495 shares of company stock valued at $78,160. Insiders own 19.40% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. American International Group Inc. grew its holdings in shares of Overstock.com by 10.4% during the 4th quarter. American International Group Inc. now owns 15,178 shares of the company’s stock worth $206,000 after purchasing an additional 1,429 shares in the last quarter. Lee Danner & Bass Inc. raised its stake in shares of Overstock.com by 0.3% in the fourth quarter. Lee Danner & Bass Inc. now owns 503,645 shares of the company’s stock valued at $6,839,000 after buying an additional 1,745 shares during the period. D.A. Davidson & CO. raised its stake in shares of Overstock.com by 13.4% in the fourth quarter. D.A. Davidson & CO. now owns 25,886 shares of the company’s stock valued at $352,000 after buying an additional 3,057 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Overstock.com by 4.0% in the third quarter. Bank of New York Mellon Corp now owns 81,970 shares of the company’s stock valued at $2,270,000 after buying an additional 3,175 shares during the period. Finally, Credit Suisse AG raised its stake in shares of Overstock.com by 9.3% during the 3rd quarter. Credit Suisse AG now owns 46,047 shares of the company’s stock valued at $1,275,000 after purchasing an additional 3,927 shares during the period. 63.36% of the stock is currently owned by institutional investors.

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Overstock.com Company 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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