Wayfair Inc. (NYSE:W) Receives Average Rating of “Moderate Buy” from Brokerages

Wayfair Inc. (NYSE:W) has been assigned an average recommendation of “Moderate Buy” from the twenty-six ratings firms that are presently covering the company, Marketbeat Ratings reports. Eleven research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $64.64.

A number of equities research analysts recently weighed in on the company. Loop Capital boosted their price objective on Wayfair from $45.00 to $55.00 and gave the stock a “hold” rating in a research report on Thursday, September 26th. Raymond James reduced their price objective on Wayfair from $70.00 to $65.00 and set a “strong-buy” rating on the stock in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft reduced their price objective on Wayfair from $87.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. The Goldman Sachs Group reduced their price objective on Wayfair from $67.00 to $54.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Finally, Gordon Haskett lowered Wayfair from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st.

Insider Transactions at Wayfair

In other news, COO Thomas Netzer sold 1,011 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $49.42, for a total value of $49,963.62. Following the completion of the sale, the chief operating officer now directly owns 151,802 shares of the company’s stock, valued at $7,502,054.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Kate Gulliver sold 7,330 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $53.05, for a total value of $388,856.50. Following the completion of the transaction, the chief financial officer now directly owns 117,947 shares of the company’s stock, valued at $6,257,088.35. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Thomas Netzer sold 1,011 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $49.42, for a total value of $49,963.62. Following the completion of the transaction, the chief operating officer now directly owns 151,802 shares of the company’s stock, valued at approximately $7,502,054.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,891 shares of company stock valued at $2,007,213 over the last ninety days. 26.81% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Wayfair

Several institutional investors and hedge funds have recently bought and sold shares of the company. Optas LLC bought a new position in Wayfair during the third quarter valued at $270,000. Nisa Investment Advisors LLC boosted its holdings in shares of Wayfair by 801.5% in the third quarter. Nisa Investment Advisors LLC now owns 42,460 shares of the company’s stock worth $2,385,000 after acquiring an additional 37,750 shares during the period. Semanteon Capital Management LP bought a new position in shares of Wayfair in the third quarter worth $277,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of Wayfair in the third quarter worth $304,000. Finally, International Assets Investment Management LLC boosted its holdings in shares of Wayfair by 3,988.6% in the third quarter. International Assets Investment Management LLC now owns 45,056 shares of the company’s stock worth $2,531,000 after acquiring an additional 43,954 shares during the period. 89.67% of the stock is owned by institutional investors.

Wayfair Price Performance

Shares of NYSE W opened at $42.97 on Wednesday. The stock has a market capitalization of $5.31 billion, a PE ratio of -8.02 and a beta of 3.42. The business has a fifty day moving average price of $48.78 and a two-hundred day moving average price of $52.76. Wayfair has a fifty-two week low of $38.02 and a fifty-two week high of $76.18.

Wayfair (NYSE:W) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.03). The firm had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.18 billion. During the same period in the prior year, the business earned ($1.27) earnings per share. The business’s quarterly revenue was up .2% compared to the same quarter last year. On average, equities analysts expect that Wayfair will post -2.68 EPS for the current year.

Wayfair Company Profile

Wayfair Inc provides e-commerce business in the United States and internationally. The company offers approximately thirty million products for the home sector. It offers online selections of furniture, décor, housewares, and home improvement products through its sites consisting of Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.