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Last $19.73 USD
Change Today -0.41 / -2.04%
Volume 60.2K
OSTK On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 2:04 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

overstock.com inc (OSTK) Snapshot

Open
$20.05
Previous Close
$20.14
Day High
$20.28
Day Low
$19.73
52 Week High
12/11/14 - $27.28
52 Week Low
10/10/14 - $15.25
Market Cap
479.9M
Average Volume 10 Days
133.4K
EPS TTM
$0.31
Shares Outstanding
24.3M
EX-Date
--
P/E TM
63.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for OVERSTOCK.COM INC (OSTK)

overstock.com inc (OSTK) Details

Overstock.com Inc. operates as an online retailer primarily in the United States. It operates through two segments, Direct and Partner. The company offers brand name, non-brand name, and closeout merchandise, including furniture, home decor, bedding and bath, housewares, jewelry and watches, apparel and designer accessories, electronics and computers, sporting goods, and other products; and sells various books, magazines, CDs, DVDs, and video games. It also operates Worldstock Fair Trade, a store that offers handcrafted products; Main Street Revolution, a store, which features products from small businesses across the United States; and supplier oasis fulfillment services. In addition, the company provides pet adoptions, farmers market, and insurance services; and online car listing service that allows sellers to list vehicles for sale, and allows buyers to review vehicle descriptions and post offers to purchase. It markets its products through its Websites located at overstock.com, o.co, and o.biz; and sells merchandise of other retailers, cataloguers, or manufacturers through its Website. The company was formerly known as D2-Discounts Direct and changed its name to Overstock.com, Inc. in October 1999. Overstock.com Inc. was founded in 1997 and is headquartered in Salt Lake City, Utah.

1,700 Employees
Last Reported Date: 03/12/15
Founded in 1997

overstock.com inc (OSTK) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: $100.0K
President and Director
Total Annual Compensation: $350.0K
Principal Accounting Officer and Senior Vice ...
Total Annual Compensation: $300.0K
Executive Officer
Total Annual Compensation: $300.0K
Compensation as of Fiscal Year 2014.

overstock.com inc (OSTK) Key Developments

Overstock.com Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Overstock.com Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total net revenue of $388,013,000 against $332,545,000 a year ago. Operating income was $2,082,000 against $1,793,000 a year ago. Income before income taxes was $3,275,000 against $2,342,000 a year ago. Net income attributable to stockholders of the company was $1,668,000 or $0.07 per basic and diluted share against $1,909,000 or $0.08 per basic and diluted share a year ago. The growth in revenue was primarily due to a 15% increase in orders, coupled with a 5% increase in average order size, from $177 to $185. Although average order size has increased in recent years, the company expects the rate of increase to lessen as sales mix shift into home and garden products tapers. These increases were partially offset by increased promotional activities including coupons, site sales, and Club O Rewards due to driving a higher proportion of sales using such promotions. For the six months, the company reported total net revenue of $786,357,000 against $673,752,000 a year ago. Operating income was $5,926,000 against $7,860,000 a year ago. Income before income taxes was $7,763,000 against $8,902,000 a year ago. Net income attributable to stockholders of the company was $4,407,000 or $0.18 per diluted share against $5,879,000 or $0.24 per basic and diluted share a year ago. Net cash used in operating activities was $47,867,000 against $29,299,000 a year ago. Purchases of intangible assets were $94,000 against $54,000 a year ago. Expenditures for fixed assets, including internal-use software and website development were $19,039,000 against $15,079,000 a year ago.

Overstock.com, Inc. and Medici, Inc. Enter into Cryptodebt and Note Purchase Agreement with FNY Managed Accounts

On July 31, 2015 Overstock.com, Inc. (Overstock), and its majority-owned subsidiary Medici, Inc. (Medici), entered into a Cryptodebt and Note Purchase Agreement dated July 31, 2015 with FNY Managed Accounts LLC (First New York). Pursuant to the Agreement, on July 31, 2015, Overstock sold $5 million aggregate principal amount of its uncertificated digital bonds to First New York. The ownership, principal payment, and any transfers of the bonds, will be recorded on Medici's cryptosecurities trading system, which is a public cryptographically-secured distributed ledger system. To simplify the transaction, the cryptobonds are unsecured and have no covenants and reduce the effective interest rate on the funds borrowed for purposes of the demonstration. Overstock simultaneously made an unsecured $5 million loan back to First New York. Medici undertook the transactions as a second step demonstration of its T .com cryptosecurities trading platform. Medici took the first step to demonstrate the viability of the T .com system in June 2015 when it sold $500,000 of Overstock's digital bonds to Overstock's Chief Executive Officer Patrick Byrne for $500,000. The cryptobonds bear interest at 7% per annum (a 4% annual rate net of the 3% rate Overstock is to receive on its loan to First New York) over a five-year term but have put and call provisions pursuant to which Overstock expects the bonds and its loan to First New York to be simultaneously fully repaid in the fourth quarter of 2015, or sooner. In order to avoid having cryptobonds outstanding with different terms, Overstock requested and Dr. Byrne agreed that the terms of the cryptobonds held by Dr. Byrne would be modified so as to be identical to the terms of the cryptobonds issued to First New York, except for the issuance dates and except that Overstock will not make any loan to Dr. Byrne. The modification became effective concurrently with the issuance to First New York. Entrex.com served as placement agent to Overstock in connection with the transactions. The offering of the digital cryptodebt is being made exclusively to qualified institutional buyers that meet the definition of accredited investor and a limited number of other accredited investors in compliance with Rule 506(c) of Regulation D under the Securities Act of 1933, as amended, and is therefore not required to comply with certain specific disclosure requirements.

Overstock.com Inc. - Special Call

To discuss the company's newly developed crypto-initiatives

 

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Industry Analysis

OSTK

Industry Average

Valuation OSTK Industry Range
Price/Earnings 66.5x
Price/Sales 0.3x
Price/Book 3.7x
Price/Cash Flow 66.4x
TEV/Sales 0.2x
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