Wayfair (W) Receiving Somewhat Favorable Media Coverage, Accern Reports

Headlines about Wayfair (NYSE:W) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Wayfair earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave news stories about the company an impact score of 43.3330755832869 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the news stories that may have impacted Accern’s scoring:

Shares of Wayfair (NYSE W) opened at $88.98 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.19 and a debt-to-equity ratio of 135.98. The company has a market cap of $7,820.00, a PE ratio of -35.73 and a beta of 1.05. Wayfair has a 52 week low of $35.36 and a 52 week high of $94.95.

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

Several analysts have recently weighed in on W shares. Gordon Haskett downgraded shares of Wayfair from a “buy” rating to an “accumulate” rating in a report on Wednesday, January 31st. Moffett Nathanson started coverage on shares of Wayfair in a report on Monday, December 4th. They issued a “buy” rating on the stock. Canaccord Genuity reaffirmed a “buy” rating and issued a $90.00 target price on shares of Wayfair in a report on Thursday, November 2nd. Cowen reaffirmed a “buy” rating and issued a $72.00 target price (down previously from $82.00) on shares of Wayfair in a report on Wednesday, November 1st. Finally, MKM Partners initiated coverage on shares of Wayfair in a report on Wednesday, October 18th. They issued a “buy” rating and a $85.00 target price on the stock. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $79.22.

In other Wayfair news, CTO John Champlin Mulliken sold 990 shares of Wayfair stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $63.53, for a total transaction of $62,894.70. Following the completion of the transaction, the chief technology officer now owns 187,128 shares in the company, valued at $11,888,241.84. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Steven Conine sold 2,000 shares of Wayfair stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $92.21, for a total transaction of $184,420.00. Following the transaction, the insider now owns 31,796 shares of the company’s stock, valued at approximately $2,931,909.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,010 shares of company stock valued at $4,913,814. 56.93% of the stock is currently owned by company insiders.

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About Wayfair

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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