The price of Wayfair Inc (NYSE:W) shares last traded on Wall Street rose 8.02% to $56.99.
Based on available information, 37 analysts follow Wayfair Inc (NYSE:W). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $100.00 and a low of $42.00, we find $65.00. Given the previous closing price of $52.76, this indicates a potential upside of 23.2 percent. W stock price is now 13.22% away from the 50-day moving average and 11.03% away from the 200-day moving average. The market capitalization of the company currently stands at $6.72B.
Among analysts, 18 rate the stock a hold while 19 rate it a buy. Brokers who have rated the stock have averaged $64.90 as their price target over the next twelve months.
With the price target of $55, Deutsche Bank recently initiated with Buy rating for Wayfair Inc (NYSE: W).
In other news, Shah Niraj, Chief Executive Officer sold 10,000 shares of the company’s stock on Nov 27. The stock was sold for $524,397 at an average price of $52.44. Upon completion of the transaction, the Chief Executive Officer now directly owns 289,137 shares in the company, valued at $16.48 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 27, Co-Founder Conine Steven sold 10,000 shares of the business’s stock. A total of $523,735 was realized by selling the stock at an average price of $52.37. This leaves the insider owning 289,073 shares of the company worth $16.47 million. Insiders disposed of 275,352 shares of company stock worth roughly $15.69 million over the past 1 year. A total of 29.52% of the company’s stock is owned by insiders.
A candlestick chart of Wayfair Inc (NYSE: W) showed a price of $52.39 on Tuesday morning. During the past 12 months, Wayfair Inc has had a low of $29.51 and a high of $90.71. The fifty day moving average price for W is $50.33 and a two-hundred day moving average price translates $51.33 for the stock.
The latest earnings results from Wayfair Inc (NYSE: W) was released for Sep, 2023. According to the Internet Retail Company, earnings per share came in at -$0.13, beating analysts’ expectations of -$0.48 by 0.35. This compares to -$2.67 EPS in the same period last year. The company reported revenue of $2.94 billion for the quarter, compared to $2.84 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.66 percent. For the current quarter, analysts expect W to generate $3.15B 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.
