Shares of Wayfair Inc (NYSE:W) have been given a consensus recommendation of “Buy” by the twenty-five ratings firms that are currently covering the firm, MarketBeat.com reports. Twelve equities research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $82.08.
Several brokerages have issued reports on W. Gordon Haskett downgraded Wayfair from a “buy” rating to an “accumulate” rating in a report on Wednesday, January 31st. Cowen restated a “buy” rating on shares of Wayfair in a report on Friday, January 12th. Stifel Nicolaus increased their price target on Wayfair from $72.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, December 15th. Piper Jaffray Companies restated a “buy” rating and issued a $89.00 price target on shares of Wayfair in a report on Wednesday, December 13th. Finally, Moffett Nathanson began coverage on Wayfair in a report on Monday, December 4th. They issued a “buy” rating for the company.
In other news, insider Steve Oblak sold 4,531 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $76.83, for a total transaction of $348,116.73. Following the completion of the transaction, the insider now directly owns 125,586 shares of the company’s stock, valued at $9,648,772.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael D. Fleisher sold 515 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $75.69, for a total value of $38,980.35. Following the transaction, the chief financial officer now directly owns 56,765 shares of the company’s stock, valued at $4,296,542.85. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 13,600 shares of company stock valued at $1,053,632 and have sold 81,904 shares valued at $7,247,880. 56.93% of the stock is owned by corporate insiders.
Wayfair (NYSE:W) traded up $0.94 during midday trading on Friday, reaching $86.26. The company had a trading volume of 1,200,000 shares, compared to its average volume of 2,240,000. The company has a market capitalization of $7,710.00, a P/E ratio of -43.35 and a beta of 1.25. The company has a quick ratio of 1.07, a current ratio of 1.10 and a debt-to-equity ratio of -8.60. Wayfair has a fifty-two week low of $36.04 and a fifty-two week high of $100.14.
Wayfair (NYSE:W) last released its quarterly earnings data on Thursday, February 22nd. The company reported ($0.83) EPS for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.04). The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.36 billion. Wayfair had a negative net margin of 5.18% and a negative return on equity of 31,507.11%. The company’s revenue for the quarter was up 46.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.34) EPS. equities research analysts predict that Wayfair will post -3.69 EPS for the current year.
Wayfair Inc (Wayfair) offers browsing, merchandising and product discovery for a range of products from various suppliers. The Company operates through two segments: U.S. and International. The U.S. segment consists of amounts earned through product sales through the Company’s five sites in the United States and through sites operated by third parties in the United States.
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