Wayfair (NYSE:W) Rating Lowered to "Hold" at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft cut shares of Wayfair (NYSE:W - Free Report) from a buy rating to a hold rating in a research note released on Monday, MarketBeat reports. The firm currently has $25.00 price target on the stock.

W has been the topic of a number of other research reports. Raymond James set a $60.00 target price on shares of Wayfair and gave the company a "strong-buy" rating in a research note on Friday, February 21st. Loop Capital cut their price objective on shares of Wayfair from $55.00 to $45.00 and set a "hold" rating on the stock in a research report on Friday, February 21st. StockNews.com upgraded shares of Wayfair from a "sell" rating to a "hold" rating in a research note on Thursday, December 19th. Needham & Company LLC reaffirmed a "buy" rating and set a $50.00 target price on shares of Wayfair in a report on Friday, February 21st. Finally, Guggenheim restated a "buy" rating and issued a $60.00 price objective on shares of Wayfair in a research note on Monday, March 10th. Sixteen research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $52.92.

Wayfair Stock Performance

NYSE W traded up $1.44 during trading hours on Monday, hitting $26.58. The company had a trading volume of 5,371,340 shares, compared to its average volume of 4,610,854. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of -6.61 and a beta of 3.72. Wayfair has a 52 week low of $20.41 and a 52 week high of $76.18. The firm has a 50 day simple moving average of $34.91 and a 200 day simple moving average of $42.74.

Wayfair (NYSE:W - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.96) earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($1.01). The business had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.07 billion. On average, research analysts forecast that Wayfair will post -2.54 earnings per share for the current year.

Insider Buying and Selling at Wayfair

In other Wayfair news, CFO Kate Gulliver sold 19,296 shares of the firm's stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $31.67, for a total value of $611,104.32. Following the completion of the sale, the chief financial officer now directly owns 144,474 shares of the company's stock, valued at $4,575,491.58. This trade represents a 11.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jon Blotner sold 19,257 shares of Wayfair stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $31.68, for a total transaction of $610,061.76. Following the transaction, the insider now directly owns 78,308 shares in the company, valued at $2,480,797.44. This trade represents a 19.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 122,863 shares of company stock worth $4,847,429. Company insiders own 26.81% of the company's stock.

Institutional Investors Weigh In On Wayfair

Several institutional investors and hedge funds have recently modified their holdings of W. Geode Capital Management LLC lifted its holdings in Wayfair by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,524,854 shares of the company's stock worth $85,690,000 after buying an additional 35,268 shares during the last quarter. Tidal Investments LLC boosted its holdings in Wayfair by 18.1% in the third quarter. Tidal Investments LLC now owns 21,665 shares of the company's stock valued at $1,217,000 after purchasing an additional 3,320 shares in the last quarter. 272 Capital LP lifted its position in shares of Wayfair by 15.7% during the 3rd quarter. 272 Capital LP now owns 44,053 shares of the company's stock worth $2,475,000 after buying an additional 5,965 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Wayfair by 65.5% in the 4th quarter. GAMMA Investing LLC now owns 710 shares of the company's stock valued at $31,000 after buying an additional 281 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Wayfair in the 4th quarter valued at $6,799,000. Hedge funds and other institutional investors own 89.67% of the company's stock.

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.