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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.

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JNJ

Johnson & Johnson

$136.12

-0.31 (-0.23%)

, UNH

UnitedHealth

$193.20

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GS

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MS

Morgan Stanley

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Progressive

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HOG

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SNV

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MSBI

Midland States

$33.03

-0.07 (-0.21%)

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  • 27

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MYL

Mylan

$38.18

0.23 (0.61%)

, AGN

Allergan

$198.41

-7.11 (-3.46%)

18:46
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Mylan CEO: 'Pleased' with court ruling on Allergan's Restasis patents »

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MYL

Mylan

$38.18

0.23 (0.61%)

AGN

Allergan

$198.41

-7.11 (-3.46%)

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NFLX

Netflix

$202.68

3.19 (1.60%)

18:44
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Netflix says seeing steady growth, great success for streaming »

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PCG

PG&E

$53.43

-4.29 (-7.43%)

18:42
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PG&E sees restoring service to all electric customers in CA affected by fires »

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CYTR

CytRx

$0.38

-0.0142 (-3.64%)

18:29
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Hot Stocks
CytRx granted listing extension pending results of stockholder vote »

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  • 17

    Oct

EADSY

Airbus

$22.75

-0.07 (-0.31%)

, BDRBF

Bombardier

$1.88

0.03 (1.62%)

18:27
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Hot Stocks
Airbus and Bombardier announce C Series partnership »

Airbus (EADSY) and…

EADSY

Airbus

$22.75

-0.07 (-0.31%)

BDRBF

Bombardier

$1.88

0.03 (1.62%)

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IMDZ

Immune Design

$10.10

-0.85 (-7.76%)

18:16
10/16/17
10/16
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Conference/Events
Immune Design to host conference call »

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PG

Procter & Gamble

$93.14

0.1 (0.11%)

18:15
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Trian: P&G board election results 'too close to call' »

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  • 20

    Oct

AMZN

Amazon.com

$1,006.34

3.4 (0.34%)

18:14
10/16/17
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Periodicals
NJ leaders offer up to $7B in tax incentives to lure Amazon to Newark, WSJ says »

New Jersey Governor Chris…

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BDRBF

Bombardier

$1.88

0.03 (1.62%)

, EADSY

Airbus

$22.75

-0.07 (-0.31%)

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Periodicals
Bombardier in talks with Airbus over CSeries jet unit JV, WSJ reports »

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BDRBF

Bombardier

$1.88

0.03 (1.62%)

EADSY

Airbus

$22.75

-0.07 (-0.31%)

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IPXL

Impax

$19.95

-0.85 (-4.09%)

17:55
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Hot Stocks
Impax jumps 6% in after-hours after WSJ says Amneal deal near »

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  • 09

    Nov

IPXL

Impax

$19.95

-0.85 (-4.09%)

17:51
10/16/17
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Periodicals
Impax and Amneal close to merger pact, WSJ says »

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  • 09

    Nov

AGII

Argo Group

$62.90

-0.25 (-0.40%)

17:36
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Argo Group provides preliminary Q3 loss estimate »

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FDEF

First Defiance Financial

$53.65

-0.25 (-0.46%)

17:34
10/16/17
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Earnings
First Defiance Financial reports Q3 EPS 92c, consensus 89c »

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  • 17

    Oct

BRO

Brown & Brown

$48.97

-0.42 (-0.85%)

17:33
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Earnings
Brown & Brown reports Q3 EPS 53c, consensus 50c »

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  • 17

    Oct

ORIG

Ocean Rig UDW

$26.18

0.51 (1.99%)

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Ocean Rig holder BlueMountain intends to recommend company hire advisers »

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NFLX

Netflix

$202.68

3.19 (1.60%)

, IMDZ

Immune Design

$10.10

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NFLX

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IMDZ

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SAVE

Spirit Airlines

$33.47

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UNH

UnitedHealth

$193.20

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BMI

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$50.80

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SONC

Sonic

$24.80

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ABEO

Abeona Therapeutics

$16.70

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VICL

Vical

$2.86

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FDC

First Data

$18.01

0.39 (2.21%)

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First Data CAO sells 3,996 common shares »

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  • 22

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ROSG

Rosetta Genomics

$1.00

-0.0479 (-4.57%)

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Breaking Syndicate news story on Rosetta Genomics »

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HRS

Harris

$135.90

-0.66 (-0.48%)

17:27
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Harris awarded $100M government contract modification »

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