On Thursday, equity research analysts at StockNews.com announced in a research note that they had begun covering Wayfair.
The note was distributed to investors and contained the announcement.
The company recommended a “sell” price for the stock and gave it that rating.
On February 23, Wayfair (NYSE: W) issued its most recent quarterly earnings report, in which the company disclosed certain information.
The company announced that its quarterly earnings per share (EPS) came in at $3.19, $0.15 less than the consensus projection of $3.04.
The company’s quarterly revenue came in at $3.10 billion, which is significantly higher than the average prediction of $3.06 billion that was made for the company’s sales. Wayfair is expected to incur a loss of 9.33 cents per share during the current fiscal year, as stated by the projections of market analysts.
Wayfair’s stock started the trading day on Thursday at $32.29 per share, where it remained throughout the day.
The company’s market capitalization is currently sitting at $3.57 billion, its price-to-earnings ratio is sitting at -2.57, and its beta stands at 3.10.
The company’s moving average over the previous 50 days is $47.50, and the moving average over the previous 200 days is $41.16. Over the past 52 weeks, Wayfair’s all-time high and low have been $130.58.
W has been the subject of assessments published relatively recently by several other stock experts.
These assessments can be found here. Robert W.
Baird decreased their price objective on Wayfair shares from $52.00 to $40.00 and downgraded the stock rating from “buy” to “neutral” in a research note published on Friday, February 24. On Thursday, February 23, Gordon Haskett decreased their price objective on Wayfair’s stock from $62.00 to $40.00.
Piper Sandler increased its price objective for Wayfair shares from $40.00 to $62.00 and upgraded the stock rating to “neutral” in a research report published on Thursday, February 2.
The stock of the company was the subject of the study.
Barclays decreased their target price for Wayfair shares from $70.00 to $40.00 in a research report distributed on Monday, February 27.
The price goal had been previously set at $70.00. On December 15, after much delay, Wolfe Research published a report announcing that they had begun covering Wayfair’s shares. “Peer performs” was the rating given to the company after its evaluation.
Investment analysts have given the stock three distinct ratings: “sell” (out of a possible six), “hold” (out of a possible fourteen), and “buy.” According to the data made available by Bloomberg, the overall rating for the company has been changed to “hold,” and the overall price objective for the business has been set at $53.14.
Wayfair insider Steve Oblak sold 2,889 of the company’s shares of stock on March 2.
It was determined that each share was sold for $38.69, resulting in a total sale volume of $111,775.41.
The average price of the shares was $38.69.
The company insider now has direct ownership of 188,070 shares, worth $7,276,428.30, due to the transaction that just took place.
The Securities and Exchange Commission was given legal documents about the transaction, which were subsequently uploaded to the SEC website after being provided to the SEC. Wayfair insider Steve Oblak sold 2,889 of the company’s shares of stock on March 2.
It was determined that each share was sold for $38.69, resulting in a total sale volume of $111,775.41.
The average price of the shares was $38.69.
The company insider now has direct ownership of 188,070 shares, worth $7,276,428.30, due to the transaction that just took place.
The Securities and Exchange Commission was given legal documents about the transaction, which were subsequently uploaded to the SEC website after being provided to the SEC.
Additionally, on March 2, Wayfair Chief Financial Officer Kate Gulliver sold 1,442 shares of the company’s stock.
The shares were sold for $55,675.62, and buyers were willing to pay an average price of $38.61 per share. Following the successful completion of the transaction, the chief financial officer now directly holds 24,269 company shares, which have a combined value of approximately $937,026.09.
The disclosure about the purchase can be found in this particular location. Corporate insiders have made a total profit of $1,949,558 from the sale of 43,523 shares of company stock over the past three months.
Insiders currently hold 26.81% of the total shares of the company at this time.
Several hedge funds and institutional investors participated in recent company stock transactions by buying and selling shares. Vanguard Group INC increased the amount of Wayfair stock owned by 2.1% over the first three months of 2018. Following acquiring an additional 132,647 shares during the quarter, Vanguard Group INC now holds 6,540,088 shares of the corporation’s stock in its portfolio.
The company’s shares are trading at a market value of 724,520,000 dollars.
In the second quarter, Bares Capital Management INC increased the amount of Wayfair stock owned by 8.0%, bringing its total ownership percentage to 100%.
Bares Capital Management INC now has 4,914,119 shares of the company’s stock, which has a value of $214,059,000 after purchasing an additional 362,256 shares during the period in question.
This brings the total number of shares owned by the company to 4,914,119.
Through the course of the first three months of 2018, Capital World Investments achieved a 2.8% increase in the proportion of Wayfair stock it owned. Following the acquisition of a further 100,946 shares during the period in question, Capital World Investments now possesses 3,681,729 shares of the company’s stock, giving the firm a market value of a combined total of $407,862,000. Spruce House Investment Management LLC has increased the number of Wayfair shares that it, directly and indirectly, owns by 4.3% over the most recent quarter.
After purchasing an additional 150,000 shares during the most recent quarter, Spruce House Investment Management LLC now owns 3,650,000 shares of the company’s stock, giving it a total value of $120,048,000.
This value was reached due to the acquisition of an additional 150,000 shares.
Last but not least, during the first quarter, Ruane Cunniff & Goldfarb L.P.
Increased the percentage of ownership it held in Wayfair by 9.1%.
This certainly should not be considered the least important development. Ruane Cunniff & Goldfarb L.P. now holds 3,440,017 shares following the purchase of an additional 285,729 shares during the most recent quarter.
The company’s stock is currently estimated to be $381,085,000.
The vast majority of the company’s shares, or 90.61 percent, are owned by institutional investors.