Somewhat Positive Media Coverage Somewhat Unlikely to Impact Wayfair (W) Stock Price
News stories about Wayfair (NYSE:W) have trended somewhat positive recently, according to Accern. The research group identifies positive and negative news 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 -1 to 1, with scores closest to one being the most favorable. Wayfair earned a news impact score of 0.16 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.2532415349511 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Insider Selling: Wayfair Inc (W) Insider Sells 600 Shares of Stock (americanbankingnews.com)
- Wayfair adds TJX exec to board as early investor leaves – Boston Business Journal (bizjournals.com)
- Wayfair Appoints Jeffrey Naylor to Board of Directors (finance.yahoo.com)
- 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)
Shares of Wayfair (W) traded up $2.43 during trading hours on Thursday, hitting $85.39. The company had a trading volume of 1,159,900 shares, compared to its average volume of 1,490,000. The stock has a market capitalization of $7,500.00, a PE ratio of -34.29 and a beta of 0.96. The company has a debt-to-equity ratio of 135.98, a quick ratio of 1.17 and a current ratio of 1.19. Wayfair has a one year low of $35.36 and a one year high of $85.65.
Wayfair (NYSE:W) last posted its quarterly earnings data on Thursday, November 2nd. The company reported ($0.65) earnings per share for the quarter, topping 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 business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the firm earned ($0.54) earnings per share. The business’s revenue was up 39.1% on a year-over-year basis. analysts anticipate that Wayfair will post -2.64 earnings per share for the current year.
Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded Wayfair from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. Citigroup restated a “hold” rating and set a $80.00 price objective on shares of Wayfair in a report on Friday, January 5th. Bank of America downgraded Wayfair from a “buy” rating to a “neutral” rating and set a $88.00 price objective for the company. in a report on Wednesday, January 3rd. Wedbush restated an “outperform” rating on shares of Wayfair in a report on Wednesday, December 27th. Finally, Stifel Nicolaus lifted their target price on Wayfair from $72.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, December 15th. Twelve equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $77.64.
In other Wayfair news, SVP Steve Oblak sold 406 shares of the business’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $71.33, for a total value of $28,959.98. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Niraj Shah sold 1,214 shares of the business’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $71.22, for a total value of $86,461.08. The disclosure for this sale can be found here. In the last three months, insiders sold 58,271 shares of company stock worth $4,218,216. Insiders own 56.93% of the company’s stock.
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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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