Wayfair - W Stock Forecast, Price & News

Wayfair Inc. engages in the e-commerce business in the United States and internationally. The company provides approximately thirty-three million products for the home sector under various brands. It offers online selections of furniture, décor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold brands. The company was founded in 2002 and is headquartered in Boston, Massachusetts.

Analysts Set New Price Targets

A number of research firms recently weighed in on W. Credit Suisse Group decreased their target price on shares of Wayfair from $195.00 to $150.00 and set an "outperform" rating on the stock in a report on Friday, August 5th. Wells Fargo & Company decreased their price target on shares of Wayfair from $65.00 to $50.00 and set an "underweight" rating on the stock in a report on Wednesday, June 8th. Piper Sandler dropped their price objective on Wayfair from $65.00 to $55.00 and set a "neutral" rating for the company in a research note on Wednesday, July 20th. Evercore ISI decreased their target price on Wayfair to $65.00 in a research note on Thursday, June 9th. Finally, Wedbush raised their price target on Wayfair from $50.00 to $60.00 and gave the company a "neutral" rating in a report on Friday, August 5th. Ten analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $96.38.

Wayfair Price Performance

Wayfair stock traded up $5.20 during mid-day trading on Tuesday, reaching $73.54. 5,149,157 shares of the company traded hands, compared to its average volume of 3,206,156. Wayfair has a 52-week low of $43.31 and a 52-week high of $301.46. The firm has a market capitalization of $7.74 billion, a price-to-earnings ratio of -7.91 and a beta of 2.92. The firm's 50 day moving average price is $54.12 and its 200 day moving average price is $85.95.

Wayfair (NYSE:W - Get Rating) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($1.94) earnings per share for the quarter, missing the consensus estimate of ($1.89) by ($0.05). The business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.19 billion. During the same quarter last year, the firm posted $1.23 earnings per share. The business's quarterly revenue was down 14.9% on a year-over-year basis. On average, sell-side analysts anticipate that Wayfair will post -12.46 EPS for the current year.

Insider Activity at Wayfair

In related news, Director Michael W. Choe purchased 35,000 shares of the company's stock in a transaction dated Thursday, May 19th. The shares were purchased at an average cost of $49.86 per share, with a total value of $1,745,100.00. Following the transaction, the director now directly owns 150,160 shares in the company, valued at approximately $7,486,977.60. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Michael W. Choe purchased 35,000 shares of the company's stock in a transaction that occurred on Thursday, May 19th. The shares were bought at an average price of $49.86 per share, for a total transaction of $1,745,100.00. Following the purchase, the director now directly owns 150,160 shares in the company, valued at approximately $7,486,977.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Thomas Netzer sold 2,170 shares of the firm's stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $56.45, for a total transaction of $122,496.50. Following the sale, the chief operating officer now owns 51,125 shares of the company's stock, valued at $2,886,006.25. The disclosure for this sale can be found here. Insiders sold a total of 20,251 shares of company stock valued at $994,669 in the last three months. Company insiders own 27.04% of the company's stock.