Stocks of Wayfair Inc (NYSE:W) traded higher last session on Wall Street, down -2.58% to $39.29.
According to the data, Wayfair Inc (NYSE:W) has 35 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $114.00 and a low of $50.00, we find $83.00. Given the previous closing price of $40.33, this indicates a potential upside of 105.8 percent. W stock price is now -35.55% away from the 50-day moving average and -24.88% away from the 200-day moving average. The market capitalization of the company currently stands at $4.56B.
A total of 18 analysts have issued a hold rating and 17 have given it a buy rating. Brokers who have rated the stock have averaged $83.62 as their price target over the next twelve months.
With the price target of $51, Stifel recently initiated with Hold rating for Wayfair Inc (NYSE: W).
In other news, Conine Steven, Co-Founder sold 10,000 shares of the company’s stock on Oct 09. The stock was sold for $534,899 at an average price of $53.49. Upon completion of the transaction, the Co-Founder now directly owns 299,073 shares in the company, valued at $11.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 09, Chief Executive Officer Shah Niraj sold 10,000 shares of the business’s stock. A total of $534,205 was realized by selling the stock at an average price of $53.42. This leaves the insider owning 299,137 shares of the company worth $11.75 million. Insiders disposed of 256,385 shares of company stock worth roughly $10.07 million over the past 1 year. A total of 29.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in W stock. A new stake in Wayfair Inc shares was purchased by RENAISSANCE TECHNOLOGIES LLC during the first quarter worth $21,444,000. TUDOR INVESTMENT CORP ET AL invested $8,679,000 in shares of W during the first quarter. In the first quarter, AMERICAN CENTURY COMPANIES INC acquired a new stake in Wayfair Inc valued at approximately $8,129,000. MANE GLOBAL CAPITAL MANAGEMENT LP acquired a new stake in W for approximately $6,267,000. SQUAREPOINT OPS LLC purchased a new stake in W valued at around $5,896,000 in the second quarter. In total, there are 401 active investors with 86.73% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $40.47 for Wayfair Inc (NYSE: W). During the past 12 months, Wayfair Inc has had a low of $28.70 and a high of $90.71. The fifty day moving average price for W is $60.26 and a two-hundred day moving average price translates $52.30 for the stock.
The latest earnings results from Wayfair Inc (NYSE: W) was released for Jun, 2023. According to the Internet Retail Company, earnings per share came in at $0.21, beating analysts’ expectations of -$0.74 by 0.95. This compares to -$3.60 EPS in the same period last year. The company reported revenue of $3.17 billion for the quarter, compared to $3.28 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.44 percent. For the current quarter, analysts expect W to generate $2.98B in revenue.
Wayfair Inc(W) Company Profile
Wayfair Inc. engages in the e-commerce business in the United States and internationally. The company provides approximately fourty 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, Perigold, and Wayfair Professional. The company was founded in 2002 and is headquartered in Boston, Massachusetts.
