In a report released yesterday, Mark Kelley from Stifel Nicolaus maintained a Hold rating on Wayfair (W – Research Report), with a price target of $56.00. The company’s shares closed yesterday at $68.21.
Kelley covers the Communication Services sector, focusing on stocks such as Alphabet Class A, Meta Platforms, and Snap. According to TipRanks, Kelley has an average return of 35.3% and a 73.81% success rate on recommended stocks.
In addition to Stifel Nicolaus, Wayfair also received a Hold from RBC Capital’s Steven Shemesh in a report issued on May 5. However, on May 3, Piper Sandler maintained a Buy rating on Wayfair (NYSE: W).
W market cap is currently $8.48B and has a P/E ratio of -12.98.
Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of W in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Wayfair (W) Company Description:
Wayfair Inc. is an e-commerce company which engages in selling furniture and home decor goods worldwide. The company sells its products through wayfair.com and four other branded websites, namely – AllModern, Joss & Main, Birch Lane and Perigold.
Read More on W:
- Why Wayfair’s (NYSE:W) Sales Are Falling, But Its Stock Is Rising
- Nextdoor names Marissa Mayer, Niraj Shah, Robert Hohman to board
- Wayfair price target raised to $65 from $61 at RBC Capital
- Wayfair price target raised to $61 from $57 at BMO Capital
- Wayfair price target raised to $55 from $50 at Bernstein
