Wayfair (W) Earns Media Sentiment Score of 0.22
Media stories about Wayfair (NYSE:W) have been trending somewhat positive this week, according to AlphaOne Sentiment. The research group, a division of Accern, identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Wayfair earned a media sentiment score of 0.22 on AlphaOne’s scale. AlphaOne also assigned news articles about the company an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted AlphaOne Sentiment Analysis’s analysis:
- Amazon’s Whole Foods deal casts a huge shadow on Blue Apron’s IPO (businessinsider.com)
- Maxim Group Downgrades Rating On Wayfair Inc. Class A (W) To “Hold” (highlightpress.com)
- Wayfair : Lexington Christian Academy Students Dazzled by Wayfair and Perkins+Will trips (4-traders.com)
- Can Wayfair Stock Keep Going After Last Week's 9% Pop? (finance.yahoo.com)
- Michael D. Fleisher Sells 520 Shares of Wayfair Inc. (W) Stock (americanbankingnews.com)
Shares of Wayfair (W) traded up 1.89% during trading on Tuesday, reaching $74.85. 196,183 shares of the company’s stock were exchanged. The stock’s market capitalization is $6.48 billion. Wayfair has a 52 week low of $27.60 and a 52 week high of $76.54. The stock has a 50 day moving average price of $63.51 and a 200-day moving average price of $45.93.
Wayfair (NYSE:W) last released its earnings results on Tuesday, May 9th. The company reported ($0.48) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.80) by $0.32. The company had revenue of $960.80 million for the quarter, compared to analyst estimates of $934.84 million. Wayfair had a negative net margin of 5.84% and a negative return on equity of 215.36%. The firm’s quarterly revenue was up 28.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.36) EPS. Analysts predict that Wayfair will post ($1.56) earnings per share for the current year.
Several equities analysts have issued reports on the stock. Stephens assumed coverage on shares of Wayfair in a report on Tuesday, March 14th. They set an “overweight” rating and a $47.00 price objective on the stock. Oppenheimer Holdings, Inc. raised shares of Wayfair from a “market perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a report on Friday, June 2nd. Piper Jaffray Companies increased their price objective on shares of Wayfair from $51.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, May 10th. CIBC raised shares of Wayfair from a “market perform” rating to an “outperform” rating in a report on Friday, June 2nd. Finally, Raymond James Financial, Inc. downgraded shares of Wayfair from an “outperform” rating to a “market perform” rating in a report on Friday, February 24th. They noted that the move was a valuation call. Nine investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Wayfair presently has an average rating of “Buy” and a consensus target price of $56.90.
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In other Wayfair news, CEO Niraj Shah sold 50,850 shares of the company’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $73.88, for a total value of $3,756,798.00. Following the transaction, the chief executive officer now directly owns 81,819 shares in the company, valued at approximately $6,044,787.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Steve Oblak sold 4,528 shares of the company’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $70.83, for a total transaction of $320,718.24. Following the completion of the transaction, the senior vice president now owns 116,820 shares in the company, valued at $8,274,360.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 475,576 shares of company stock worth $27,589,506. 63.94% of the stock is owned by insiders.
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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