According to TipRanks.com, Devitt is a top 100 analyst with an average return of 25.8% and a 69.8% success rate. Devitt covers the Technology sector, focusing on stocks such as Jumia Technologies AG, Uber Technologies, and Analog Devices.
Wayfair has an analyst consensus of Hold, with a price target consensus of $201.26.
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Based on Wayfair’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.33 billion and GAAP net loss of $286 million. In comparison, last year the company earned revenue of $1.94 billion and had a GAAP net loss of $200 million.
Based on the recent corporate insider activity of 110 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, Inc. engages in an online home furnishing store. It offers a selection of home furnishings and decor across all styles and price points. It operates through the U.S. and International segments. The U.S. segment consists of amounts earned through product sales through the Company’s five distinct sites in the U.S. and through websites operated by third parties in the U.S. The International segment is composed of earnings through products sales in international sites. The company was founded by Steven K. Conine and Niraj S. Shah in May 2002 and is headquartered in Boston, MA.