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W

Wayfair

$71.17

-1.86 (-2.55%)

, OSTK

Overstock.com

$28.65

-0.9 (-3.05%)

08:18
10/06/17
10/06
08:18
10/06/17
08:18

Academic Wayfair valuation report 'interesting, but inconclusive,' says Wedbush

Wedbush analyst Seth Basham hosted a call with Wharton and Emory business school professors who recently published an academic paper discussing methods of valuing public companies with non-subscription customer bases, notably including Wayfair (W) and Overstock.com (OSTK). He admires the work and finds it "interesting," but the lack of precision for high-growth firms make it "inconclusive" and difficult to rely upon in the case of Wayfair, Basham tells investors. The analyst, who agrees with the professors on the sensitivity of Wayfair's valuation to revenue growth, keeps an Outperform rating on the shares. The Fly notes that Citron Research, which has disclosed publicly in the past a short position in Wayfair, recently highlighted on Twitter the same academic paper on the company's valuation.

W

Wayfair

$71.17

-1.86 (-2.55%)

OSTK

Overstock.com

$28.65

-0.9 (-3.05%)

  • 02

    Nov

W Wayfair
$71.17

-1.86 (-2.55%)

09/13/17
DADA
09/13/17
INITIATION
DADA
Neutral
Wayfair initiated with a Neutral at DA Davidson
DA Davidson analyst Tom Forte initiated Wayfair with a Neutral rating and $78 price target, citing valuation.
09/28/17
BARD
09/28/17
NO CHANGE
Target $73
BARD
Neutral
Wayfair data checks point to positive Q3 results, says Baird
Baird analyst Colin Sebastian said recent data checks for Wayfair suggest positive Q3 results. He said the recent short report reaction is overblown and that search and mobile app trends appear steady. He noted that market share gains appear to be ongoing and that August commerce data appears strong, with home furnishings a strong point. Sebastian maintained his Neutral rating and $73 price target on Wayfair shares.
10/03/17
PIPR
10/03/17
NO CHANGE
Target $89
PIPR
Overweight
Wayfair estimates raised after Google Search analysis at Piper Jaffray
Piper Jaffray analyst Peter Keith says his firm's proprietary analysis of Google Search trends indicates Wayfair Direct Retail revenue growth of 56% for Q3, above guidance of 37%-40% and consensus of 42%. The analyst raised his Q3 earnings per share estimate to (40c) from (44c), above the consensus at (47c), and remains optimistic on Wayfair's ability to achieve positive EBITDA starting in Q4. He maintains an Overweight rating on the shares with an $89 price target.
10/05/17
CLVD
10/05/17
NO CHANGE
CLVD
Wayfair in focus as Amazon to compete in furniture category, says Cleveland
Cleveland Research said Wayfair (W) continues to perform well and remains an industry leader in the furniture category but believes Amazon (AMZN) has invested significantly in recent years to compete more effectively in the furniture category over the long-term. The firm's analyst has heard Amazon has added eight freight companies for heavy/bulk inventory since the beginning of the year to improve its furniture offering and is targeting Wayfair given its growth of 50% in 2016 with sales reaching $3.4B.
OSTK Overstock.com
$28.65

-0.9 (-3.05%)

09/06/17
DADA
09/06/17
INITIATION
Target $28
DADA
Buy
Overstock.com initiated with a Buy at DA Davidson
DA Davidson analyst Tom Forte started Overstock.com with a Buy rating and $28, citing its profitable e-commerce business and its attractive portfolio of FinTech investments. The analyst added that he sees Overstock as an attractive acquisition target.
09/28/17
DADA
09/28/17
NO CHANGE
DADA
Overstock.com price target raised to $36 from $28 at DA Davidson
DA Davidson analyst Tom Forte raised his price target on Overstock.com after the company announced that it was launching an Alternative Trading System for trading tokens from initial coin offerings. Following the deal, the analyst estimates that the company's Medici Ventures subsidiary is worth $11 per share, up from its previous $2 per share estimate. The analyst warns that regulations on digital tokens could change, but he keeps a Buy rating on the stock.

TODAY'S FREE FLY STORIES

$NYE

NYSE Market Internals

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OMER

Omeros

$11.37

0.36 (3.27%)

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COLL

Collegium Pharmaceutical

$25.70

-0.2 (-0.77%)

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VECO

Veeco

$18.35

-0.55 (-2.91%)

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  • 22

    Feb

CLF

Cleveland-Cliffs

$7.62

-0.12 (-1.55%)

10:10
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U.S. existing home sales preview: »

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MTCH

Match Group

$42.10

0.54 (1.30%)

, IAC

IAC

$149.83

0.74 (0.50%)

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MTCH

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IAC

IAC

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ANGI

Angi Homeservices

$14.60

0.58 (4.14%)

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  • 26

    Feb

MOS

Mosaic

$27.78

1.0176 (3.80%)

10:05
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Options
Mosaic call volume above normal and directionally bullish »

Bullish option flow…

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  • 25

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    Feb

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More from Harker: a trade war would not be good »

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ABBV

AbbVie

$120.00

2.02 (1.71%)

10:05
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AbbVie analyst commentary  »

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  • 08

    Mar

10:04
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General news
Existing Home Sales data reported »

January Existing Home…

RDWR

Radware

$21.09

-0.25 (-1.17%)

10:04
02/21/18
02/21
10:04
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Conference/Events
Radware management to meet with Oppenheimer »

Meeting to be held in…

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  • 22

    Feb

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    Mar

RDWR

Radware

$21.09

-0.25 (-1.17%)

10:01
02/21/18
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10:01
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Conference/Events
Radware management to meet with Oppenheimer »

Meeting to be held in…

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  • 22

    Feb

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    Mar

QTWO

Q2 Holdings

$42.85

-1.8 (-4.03%)

10:00
02/21/18
02/21
10:00
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10:00
Conference/Events
Q2 Holdings management to meet with Needham »

Meeting to be held in…

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  • 22

    Feb

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    Mar

10:00
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02/21
10:00
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10:00
General news
U.S. Markit manufacturing PMI rose 0.4 points to 55.9 in the flash February »

U.S. Markit manufacturing…

LFUS

Littelfuse

$208.66

0.61 (0.29%)

09:59
02/21/18
02/21
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Conference/Events
Littelfuse management to meet with Oppenheimer »

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  • 22

    Feb

NJDCY

Nidec

$37.80

-0.12 (-0.32%)

09:57
02/21/18
02/21
09:57
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Conference/Events
Nidec management to meet with Oppenheimer »

Group luncheon to be held…

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  • 23

    Feb

HDP

Hortonworks

$18.22

0.03 (0.16%)

09:55
02/21/18
02/21
09:55
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Conference/Events
Hortonworks management to meet with Northland »

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  • 22

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PVG

Pretium Resources

$6.56

-0.05 (-0.76%)

09:55
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Pretium Resources put volume heavy and directionally bearish »

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  • 09

    Mar

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    Mar

AAP

Advance Auto Parts

$115.88

10.53 (10.00%)

, EXR

Extra Space Storage

$84.86

4.105 (5.08%)

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Options
Early notable gainers among liquid option names on February 21st »

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AAP

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$115.88

10.53 (10.00%)

EXR

Extra Space Storage

$84.86

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MOS

Mosaic

$27.48

0.72 (2.69%)

CF

CF Industries

$42.80

0.975 (2.33%)

VRSK

Verisk Analytics

$97.04

-1.75 (-1.77%)

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  • 21

    Feb

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GVA

Granite Construction

$60.01

0.0066 (0.01%)

09:52
02/21/18
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Conference/Events
Granite Construction management to meet with MKM Partners »

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  • 22

    Feb

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CPS

Cooper-Standard

$120.74

-0.8988 (-0.74%)

09:51
02/21/18
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Conference/Events
Cooper-Standard management to meet with Roth Capital »

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  • 22

    Feb

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    Mar

LEXEB

Liberty Expedia Holdings

09:50
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Breaking Hot Stocks news story on Liberty Expedia Holdings  »

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ANET

Arista Networks

$249.53

-0.125 (-0.05%)

09:50
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Conference/Events
Arista Networks management to meet with KeyBanc »

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  • 22

    Feb

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LEXEB

Liberty Expedia Holdings

09:45
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Breaking Hot Stocks news story on Liberty Expedia Holdings  »

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