Wayfair (NYSE:W): 10 Analyst have given the stock of Wayfair (NYSE:W) a near short term price target of $55.2. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $12.07. The higher price target estimate is at $86 while the lower price estimates are fixed at $45.
Many analysts have stated their opinion on the company shares. William Blair initiates coverage on Wayfair (NYSE:W) The brokerage firm has issued a Market Perform rating on the shares. The rating by the firm was issued on June 10, 2016. For the current week, the company shares have a recommendation consensus of Buy.
On the companys insider trading activities, The officer (Chief Administrative Officer), of Wayfair Inc., Malone Nicholas had unloaded 400 shares at $41 per share in a transaction on June 7, 2016. The total value of transaction was $16,400. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Wayfair (NYSE:W) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.01 points or 0.03% at $38 with 1,512,663 shares getting traded. Post opening the session at $38.04, the shares hit an intraday low of $37.27 and an intraday high of $39.15 and the price was in this range throughout the day. The company has a market cap of $3,219 million and the number of outstanding shares have been calculated to be 84,714,747 shares. The 52-week high of Wayfair (NYSE:W) is $56.84 and the 52-week low is $28.85.
Wayfair Inc. (Wayfair) is an online destination for the home. Through its e-commerce business model, the Company offers browsing, merchandising, product discovery and prices for over seven million products from over 7,000 suppliers across five brands: Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The Company offers a range of furniture, home furnishings, decor and goods. Wayfair.com is its flagship mass market brand that focuses on offering a range of home furnishings and decor. Joss & Main is the Companys online flash sales site. AllModern is an online destination for original design for home enthusiasts. DwellStudio is an online design studio for home furnishings. Birch Lane is a new destination for home designs. Wayfair also generates revenues online through its retail partners. Wayfair Media Solutions helps selected manufacturers, retailers and other advertisers market to its consumer audience.