Wayfair (W) Earning Somewhat Positive Press Coverage, Analysis Finds

Press coverage about Wayfair (NYSE:W) has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Wayfair earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.0250333305522 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:

Several brokerages have weighed in on W. Canaccord Genuity reaffirmed a “buy” rating on shares of Wayfair in a research note on Tuesday, August 8th. Buckingham Research reaffirmed a “buy” rating and set a $95.00 price objective on shares of Wayfair in a research note on Thursday, August 10th. BidaskClub cut shares of Wayfair from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Credit Suisse Group upped their price objective on shares of Wayfair from $75.00 to $78.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 9th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Wayfair in a research note on Friday, September 29th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $76.01.

Shares of Wayfair (NYSE W) traded up $1.19 during mid-day trading on Wednesday, hitting $73.77. 1,809,356 shares of the stock were exchanged, compared to its average volume of 1,545,147. Wayfair has a 12 month low of $34.30 and a 12 month high of $84.19. The company has a current ratio of 1.19, a quick ratio of 1.17 and a debt-to-equity ratio of 135.98.

Wayfair (NYSE:W) last announced its quarterly earnings data on Thursday, November 2nd. The company reported ($0.65) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.68) by $0.03. Wayfair had a negative net margin of 5.06% and a negative return on equity of 658.45%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the business posted ($0.54) earnings per share. Wayfair’s revenue was up 39.1% compared to the same quarter last year. research analysts predict that Wayfair will post -2.63 EPS for the current year.

In other Wayfair news, CEO Niraj Shah sold 1,216 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $79.97, for a total value of $97,243.52. Following the completion of the sale, the chief executive officer now owns 21,572 shares of the company’s stock, valued at $1,725,112.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael D. Fleisher sold 516 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $79.86, for a total transaction of $41,207.76. Following the completion of the sale, the chief financial officer now directly owns 41,893 shares of the company’s stock, valued at approximately $3,345,574.98. The disclosure for this sale can be found here. Insiders sold 56,651 shares of company stock worth $4,117,585 over the last 90 days. 56.93% of the stock is currently owned by company insiders.

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About Wayfair

Wayfair Inc (Wayfair) offers browsing, merchandising and product discovery for a range of products from various suppliers. The Company operates through two segments: U.S. and International. The U.S. segment consists of amounts earned through product sales through the Company’s five sites in the United States and through sites operated by third parties in the United States.

Insider Buying and Selling by Quarter for Wayfair (NYSE:W)

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