In yesterday’s Wall Street session, Wayfair Inc (NYSE:W) shares traded at $56.92, up 9.34% from the previous session.
As of this writing, 36 analysts cover 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 $52.06, this indicates a potential upside of 24.86 percent. W stock price is now 15.68% away from the 50-day moving average and 9.98% away from the 200-day moving average. The market capitalization of the company currently stands at $6.71B.
There are 18 analysts who have given it a hold rating, whereas 18 have given it a buy rating. Brokers who have rated the stock have averaged $64.71 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, Conine Steven, Co-Founder sold 10,000 shares of the company’s stock on Dec 07. The stock was sold for $527,776 at an average price of $52.78. Upon completion of the transaction, the Co-Founder now directly owns 279,073 shares in the company, valued at $15.88 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 07, Chief Executive Officer Shah Niraj sold 10,000 shares of the business’s stock. A total of $527,541 was realized by selling the stock at an average price of $52.75. This leaves the insider owning 279,137 shares of the company worth $15.89 million. Insiders disposed of 270,086 shares of company stock worth roughly $15.37 million over the past 1 year. A total of 29.50% of the company’s stock is owned by insiders.
Wednesday morning saw Wayfair Inc (NYSE: W) opened at $52.04. 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 $49.20 and a two-hundred day moving average price translates $51.76 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.
