Longbow Research Initiates Coverage on Wayfair Inc to Neutral

Longbow Research Initiates Coverage on Wayfair Inc(NYSE:W). The shares have been rated Neutral. The rating by Longbow Research was issued on Jun 16, 2016.

In a different note, William Blair said it Initiates Coverage on Wayfair Inc, according to a research note issued on Jun 10, 2016. The shares have been rated ‘Market Perform’ by the firm. Maxim Group said it Initiates Coverage on Wayfair Inc, according to a research note issued on May 26, 2016. The shares have been rated ‘Buy’ by the firm. JP Morgan said it Initiates Coverage on Wayfair Inc, according to a research note issued on Apr 25, 2016. The shares have been rated ‘Neutral’ by the firm. Sterne Agee CRT said it Initiates Coverage on Wayfair Inc, according to a research note issued on Apr 6, 2016. The shares have been rated ‘Neutral’ by the firm. On Mar 22, 2016, Raymond James said it Downgrades its rating on Wayfair Inc. The shares have been rated ‘Outperform’ by the firm.

Wayfair Inc (W) made into the market gainers list on Tuesdays trading session with the shares advancing 2.56% or 1.03 points. Due to strong positive momentum, the stock ended at $41.26, which is also near the day’s high of $41.4. The stock began the session at $40.55 and the volume stood at 11,71,519 shares. The 52-week high of the shares is $56.84 and the 52 week low is $28.85. The company has a current market capitalization of $3,495 M and it has 8,47,14,747 shares in outstanding.

Wayfair Inc(W) last announced its earnings results on May 9, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $747.35M. Analysts had an estimated revenue of $694.85M. Earnings per share were $-0.36. Analysts had estimated an EPS of $-0.32.

Several Insider Transactions has been reported to the SEC. On Jun 14, 2016, Steve Oblak (SVP and GM, Wayfair.com) sold 375 shares at $38.04 per share price.Also, On Jun 14, 2016, Edmond Macri (Chief Product) sold 600 shares at $38.00 per share price.On Jun 8, 2016, Nicholas Malone (Chief Administrative Officer) sold 400 shares at $41.00 per share price, according to the Form-4 filing with the securities and exchange commission.

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 7000 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 Company’s 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.

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