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.

Wayfair Price Performance

W Stock traded up $1.59 during trading hours on Friday, reaching $66.11. 40,440 shares of the stock were exchanged, compared to its average volume of 3,591,488. The firm's 50-day moving average is $53.30 and its 200-day moving average is $87.91. Wayfair has a 12 month low of $43.31 and a 12 month high of $317.45.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on W shares. Wells Fargo & Company reduced their target price on Wayfair from $65.00 to $50.00 and set an "underweight" rating on the stock in a report on Wednesday, June 8th. StockNews.com raised Wayfair to a "sell" rating in a report on Tuesday, May 17th. Evercore ISI cut their price target on Wayfair to $65.00 in a report on Thursday, June 9th. MKM Partners started coverage on Wayfair in a report on Thursday, July 28th. They issued a "neutral" rating and a $50.00 price target on the stock. Finally, JPMorgan Chase & Co. cut their price target on Wayfair from $108.00 to $70.00 and set an "underweight" rating on the stock in a report on Tuesday, April 26th. Ten research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $96.38.

Insider Activity at Wayfair

In related news, Director Michael W. Choe acquired 35,000 shares of the business's stock in a transaction on Thursday, May 19th. The stock was purchased at an average cost of $49.86 per share, for a total transaction of $1,745,100.00. Following the completion of the transaction, the director now directly owns 150,160 shares of the company's stock, valued at approximately $7,486,977.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Michael W. Choe acquired 35,000 shares of the business's stock in a transaction on Thursday, May 19th. The stock was purchased at an average cost of $49.86 per share, for a total transaction of $1,745,100.00. Following the completion of the transaction, the director now directly owns 150,160 shares of the company's stock, valued at approximately $7,486,977.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Steve Oblak sold 1,722 shares of the firm's stock in a transaction that occurred on Thursday, June 16th. The stock was sold at an average price of $45.89, for a total transaction of $79,022.58. Following the sale, the insider now owns 154,643 shares of the company's stock, valued at $7,096,567.27. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,251 shares of company stock worth $994,669. Insiders own 27.04% of the company's stock.