DA Davidson Weighs in on Overstock.com, Inc.’s Q3 2017 Earnings (OSTK)

Overstock.com, Inc. (NASDAQ:OSTK) – DA Davidson issued their Q3 2017 EPS estimates for shares of Overstock.com in a research note issued on Wednesday. DA Davidson analyst T. Forte expects that the company will earn ($0.09) per share for the quarter. DA Davidson has a “Buy” rating and a $28.00 price objective on the stock. DA Davidson also issued estimates for Overstock.com’s Q4 2017 earnings at $0.06 EPS, FY2017 earnings at ($0.48) EPS, FY2018 earnings at ($0.40) EPS, FY2019 earnings at ($0.31) EPS, FY2020 earnings at $0.00 EPS and FY2021 earnings at $0.20 EPS.

Overstock.com (NASDAQ:OSTK) last released its quarterly earnings data on Thursday, August 3rd. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.32). The company had revenue of $432.02 million for the quarter. Overstock.com had a negative return on equity of 6.36% and a negative net margin of 0.73%.

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A number of other equities research analysts have also recently issued reports on OSTK. 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. TheStreet cut Overstock.com from a “c” rating to a “d+” rating in a research note on Friday, May 26th. Finally, BidaskClub upgraded Overstock.com from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th.

Shares of Overstock.com (OSTK) opened at 24.20 on Monday. Overstock.com has a 12-month low of $13.05 and a 12-month high of $24.95. The company’s 50-day moving average is $19.51 and its 200-day moving average is $17.21. The stock’s market cap is $605.00 million.

A number of institutional investors and hedge funds have recently bought and sold shares of OSTK. Dimensional Fund Advisors LP raised its stake in Overstock.com by 205.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,540,722 shares of the company’s stock valued at $26,500,000 after acquiring an additional 1,036,847 shares during the period. Renaissance Technologies LLC raised its stake in Overstock.com by 16.9% in the 2nd quarter. Renaissance Technologies LLC now owns 934,000 shares of the company’s stock valued at $15,224,000 after acquiring an additional 135,200 shares during the period. Penserra Capital Management LLC raised its stake in Overstock.com by 447.2% in the 2nd quarter. Penserra Capital Management LLC now owns 106,888 shares of the company’s stock valued at $1,742,000 after acquiring an additional 87,353 shares during the period. Bank of America Corp DE raised its stake in Overstock.com by 278.8% in the 1st quarter. Bank of America Corp DE now owns 62,903 shares of the company’s stock valued at $1,082,000 after acquiring an additional 46,298 shares during the period. Finally, FNY Partners Fund LP bought a new stake in Overstock.com in the 2nd quarter valued at $700,000. Institutional investors and hedge funds own 44.33% of the company’s stock.

In related news, insider Jonathan E. Johnson III sold 6,000 shares of the stock in a transaction on Friday, August 11th. The stock was sold at an average price of $20.00, for a total value of $120,000.00. Following the sale, the insider now owns 71,092 shares in the company, valued at approximately $1,421,840. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan E. Johnson III sold 1,500 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $22.10, for a total value of $33,150.00. Following the completion of the sale, the insider now owns 69,592 shares in the company, valued at approximately $1,537,983.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,000 shares of company stock worth $215,670. Company insiders own 28.90% of the company’s stock.

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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