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

NYSE:W opened at $71.34 on Friday. Wayfair has a twelve month low of $43.31 and a twelve month high of $300.39. The company's 50 day moving average is $54.37 and its two-hundred day moving average is $85.84.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on W shares. Truist Financial reduced their price target on shares of Wayfair from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Monday, August 1st. Piper Sandler lowered their price objective on shares of 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 price target on shares of Wayfair to $65.00 in a research note on Thursday, June 9th. Sanford C. Bernstein started coverage on shares of Wayfair in a report on Monday, May 23rd. They issued an "underperform" rating and a $45.00 price objective on the stock. Finally, Morgan Stanley lowered their price objective on shares of Wayfair from $70.00 to $65.00 and set an "underweight" rating on the stock in a research report on Monday, August 8th. Ten research 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. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $96.38.

Insider Activity

In other Wayfair news, CFO Michael D. Fleisher sold 5,874 shares of the company's stock in a transaction dated Monday, July 18th. The shares were sold at an average price of $53.99, for a total value of $317,137.26. Following the completion of the transaction, the chief financial officer now owns 66,664 shares in the company, valued at $3,599,189.36. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO Michael D. Fleisher sold 5,874 shares of the stock in a transaction that occurred on Monday, July 18th. The stock was sold at an average price of $53.99, for a total transaction of $317,137.26. Following the transaction, the chief financial officer now owns 66,664 shares in the company, valued at approximately $3,599,189.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Steve Oblak sold 1,722 shares of the business's stock in a transaction 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 completion of the sale, the insider now directly owns 154,643 shares of the company's stock, valued at approximately $7,096,567.27. The disclosure for this sale can be found here. Insiders have sold 20,251 shares of company stock valued at $994,669 in the last ninety days. Insiders own 27.04% of the company's stock.