Wayfair (NYSE:W) : Zacks Investment Research ranks Wayfair (NYSE:W) as 4, which is a Sell recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 16 research analysts is 2.19, which indicates as a Buy.
Wayfair (NYSE:W) : Currently there are 10 street experts covering Wayfair (NYSE:W) stock. The most bullish and bearish price target for the stock is $86 and $45 respectively for the short term. The average price target of all the analysts comes to $55.2. The estimated standard deviation from the target is $12.07.
For the current week, the company shares have a recommendation consensus of Buy. Also, Longbow Research initiates coverage on Wayfair (NYSE:W). The rating major has initiated the coverage with neutral rating on the shares. The rating by the firm was issued on June 16, 2016.
Wayfair (NYSE:W): On Tuesdays trading session , Opening price of the stock was $39.58 with an intraday high of $39.9. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $37.76. However, the stock managed to close at $38.5, a loss of 0.88% for the day. On the previous day, the stock had closed at $38.84. The total traded volume of the day was 910,931 shares.
In an insider trading activity, The director officer 10% owner (Chief Executive Offic, of Wayfair Inc., Shah Niraj had unloaded 12,000 shares at $40.3 per share in a transaction on June 20, 2016. The total value of transaction was $483,600. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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 7,000 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 Companys 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.