Somewhat Positive News Coverage Somewhat Unlikely to Impact Wayfair (W) Stock Price
Headlines about Wayfair (NYSE:W) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Wayfair earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.0088815510041 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Buy a sofa, hire a helper: Handy expands retail partnerships (sfchronicle.com)
- World’s wealthiest gain $1 trillion in ’17 on market exuberance (postandcourier.com)
- Wayfair (W) Rating Increased to Hold at Zacks Investment Research (americanbankingnews.com)
- E-commerce demand helps deliver big year for DFW’s industrial real estate market (bizjournals.com)
- An Eye on Data: Wayfair Inc (NYSE: W) – Alpha Beta Stock (alphabetastock.com)
Several research firms have weighed in on W. Oppenheimer restated a “buy” rating and set a $88.00 target price on shares of Wayfair in a research note on Wednesday, September 13th. Wedbush restated an “outperform” rating on shares of Wayfair in a research note on Wednesday, December 27th. Bank of America cut Wayfair from a “buy” rating to a “neutral” rating and set a $88.00 target price for the company. in a research note on Wednesday. DA Davidson assumed coverage on Wayfair in a research note on Wednesday, September 13th. They set a “neutral” rating and a $78.00 target price for the company. Finally, Zacks Investment Research upgraded Wayfair from a “sell” rating to a “hold” rating in a research note on Saturday. Twelve investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Wayfair presently has an average rating of “Buy” and a consensus target price of $77.64.
Wayfair (NYSE:W) last announced its quarterly earnings results on Thursday, November 2nd. The company reported ($0.65) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.68) by $0.03. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Wayfair had a negative return on equity of 658.45% and a negative net margin of 5.06%. Wayfair’s revenue was up 39.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.54) EPS. research analysts anticipate that Wayfair will post -2.64 earnings per share for the current fiscal year.
In related news, insider Edmond Macri sold 600 shares of the firm’s stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of $65.76, for a total transaction of $39,456.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO John Champlin Mulliken sold 700 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $57.01, for a total value of $39,907.00. Following the transaction, the chief technology officer now directly owns 185,128 shares of the company’s stock, valued at $10,554,147.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 58,571 shares of company stock valued at $4,229,190. 56.93% of the stock is owned by corporate insiders.
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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.
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