Wayfair (NYSE:W) Receiving Somewhat Positive News Coverage, Study Shows

News articles about Wayfair (NYSE:W) have been trending somewhat positive on Sunday, Accern reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Wayfair earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.5550754351916 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news articles that may have effected Accern Sentiment’s analysis:

A number of research analysts have commented on W shares. Robert W. Baird reiterated a “hold” rating and issued a $73.00 price objective on shares of Wayfair in a research report on Thursday, September 28th. KeyCorp reiterated a “hold” rating on shares of Wayfair in a research report on Friday, September 29th. Piper Jaffray Companies set a $89.00 price target on Wayfair and gave the company a “buy” rating in a research note on Sunday, October 1st. Canaccord Genuity reissued a “buy” rating and issued a $90.00 price target on shares of Wayfair in a research note on Sunday, October 1st. Finally, Wedbush reissued an “outperform” rating and issued a $82.00 price target on shares of Wayfair in a research note on Wednesday, October 4th. Twelve investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $77.64.

Shares of Wayfair (W) opened at $85.58 on Friday. Wayfair has a 12 month low of $35.36 and a 12 month high of $88.06. The stock has a market capitalization of $7,516.49, a PE ratio of -34.23 and a beta of 0.96. The company has a quick ratio of 1.17, a current ratio of 1.19 and a debt-to-equity ratio of 135.98.

Wayfair (NYSE:W) last released its quarterly earnings results on Thursday, November 2nd. The company reported ($0.65) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.68) by $0.03. Wayfair had a negative return on equity of 658.45% and a negative net margin of 5.06%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the business posted ($0.54) EPS. The company’s revenue for the quarter was up 39.1% on a year-over-year basis. equities research analysts forecast that Wayfair will post -2.78 earnings per share for the current fiscal year.

In other news, insider Steven Conine sold 1,226 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $64.08, for a total value of $78,562.08. Following the completion of the transaction, the insider now owns 61,641 shares in the company, valued at approximately $3,949,955.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Edmond Macri sold 1,571 shares of the firm’s stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $70.03, for a total value of $110,017.13. The disclosure for this sale can be found here. Insiders sold a total of 58,271 shares of company stock worth $4,218,216 in the last three months. Company insiders own 56.93% of the company’s stock.

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Wayfair Company Profile

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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