Buckingham Research Initiates Coverage on Wayfair Inc to Buy

Buckingham Research Initiates Coverage on Wayfair Inc(NYSE:W). The shares have been rated Buy. The rating by Buckingham Research was issued on Apr 11, 2016.

In a different note, On Mar 22, 2016, Raymond James said it Downgrades its rating on Wayfair Inc. The shares have been rated ‘Outperform’ by the firm. On Feb 25, 2016, Piper Jaffray said it Maintains its rating on Wayfair Inc. In the research note, the firm Raises the price-target to $73.00 per share. The shares have been rated ‘Overweight’ by the firm. On Feb 4, 2016, Goldman Sachs said it Upgrades its rating on Wayfair Inc. The shares have been rated ‘Buy’ by the firm. On Jan 20, 2016, Citigroup said it Upgrades its rating on Wayfair Inc. The shares have been rated ‘Buy’ by the firm.

Wayfair Inc (W) made into the market gainers list on Fridays trading session with the shares advancing 2.56% or 1.06 points. Due to strong positive momentum, the stock ended at $42.4, which is also near the day’s high of $42.47. The stock began the session at $41.47 and the volume stood at 4,10,054 shares. The 52-week high of the shares is $56.84 and the 52 week low is $27.36. The company has a current market capitalization of $3,578 M and it has 8,43,80,724 shares in outstanding.

Wayfair Inc(W) last announced its earnings results on Feb 25, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $739.79M. Analysts had an estimated revenue of $679.08M. Earnings per share were $-0.07. Analysts had estimated an EPS of $-0.14.

Several Insider Transactions has been reported to the SEC. On Apr 7, 2016, Nicholas Malone (Chief Administrative Officer) sold 400 shares at $41.67 per share price.Also, On Apr 7, 2016, James Savarese (Chief Operating Officer) sold 500 shares at $41.26 per share price.On Apr 7, 2016, Edmond Macri (Chief Product) sold 500 shares at $42.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Wayfair Inc. (Wayfair) is an online destination for the home. Through its e-commerce business model the Company offers browsing merchandising product discovery and prices for over seven million products from over 7000 suppliers across five brands: Wayfair.com Joss & Main AllModern DwellStudio and Birch Lane. The Company offers a range of furniture home furnishings decor and goods. Wayfair.com is its flagship mass market brand that focuses on offering a range of home furnishings and decor. Joss & Main is the Company’s online flash sales site. AllModern is an online destination for original design for home enthusiasts. DwellStudio is an online design studio for home furnishings. Birch Lane is a new destination for home designs. Wayfair also generates revenues online through its retail partners. Wayfair Media Solutions helps selected manufacturers retailers and other advertisers market to its consumer audience.

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