Deutsche Bank Aktiengesellschaft Lowers Wayfair (NYSE:W) Price Target to $46.00

Wayfair (NYSE:W - Get Free Report) had its price target lowered by equities research analysts at Deutsche Bank Aktiengesellschaft from $69.00 to $46.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's target price would suggest a potential upside of 9.71% from the company's current price.

A number of other research firms also recently commented on W. Needham & Company LLC reiterated a "buy" rating and issued a $60.00 price objective on shares of Wayfair in a report on Friday. Loop Capital boosted their price target on shares of Wayfair from $45.00 to $55.00 and gave the company a "hold" rating in a research report on Thursday, September 26th. Argus cut Wayfair from a "buy" rating to a "hold" rating in a research report on Monday, August 26th. Piper Sandler dropped their price target on Wayfair from $67.00 to $63.00 and set an "overweight" rating on the stock in a research note on Monday, October 28th. Finally, Bank of America cut Wayfair from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $85.00 to $58.00 in a research note on Thursday, August 1st. Thirteen equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $60.28.

Wayfair Stock Up 4.4 %

NYSE W traded up $1.78 during trading hours on Monday, hitting $41.93. 9,500,552 shares of the company were exchanged, compared to its average volume of 4,360,432. The company has a 50 day moving average of $48.69 and a two-hundred day moving average of $52.35. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of -7.93 and a beta of 3.46. Wayfair has a 52-week low of $38.02 and a 52-week high of $76.18.

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

Insider Buying and Selling at Wayfair

In other news, COO Thomas Netzer sold 1,011 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $49.42, for a total transaction of $49,963.62. Following the transaction, the chief operating officer now directly owns 151,802 shares in the company, valued at $7,502,054.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO Kate Gulliver sold 7,330 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $53.05, for a total transaction of $388,856.50. Following the completion of the sale, the chief financial officer now owns 117,947 shares of the company's stock, valued at approximately $6,257,088.35. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Thomas Netzer sold 1,011 shares of Wayfair stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $49.42, for a total transaction of $49,963.62. Following the transaction, the chief operating officer now directly owns 151,802 shares in the company, valued at approximately $7,502,054.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 37,471 shares of company stock worth $1,987,002. Insiders own 26.81% of the company's stock.

Institutional Trading of Wayfair

Institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its stake in shares of Wayfair by 28.0% during the second quarter. Renaissance Technologies LLC now owns 3,086,569 shares of the company's stock valued at $162,755,000 after purchasing an additional 675,271 shares during the period. Wolf Hill Capital Management LP increased its stake in Wayfair by 22.9% during the 2nd quarter. Wolf Hill Capital Management LP now owns 2,322,906 shares of the company's stock worth $122,487,000 after buying an additional 432,404 shares during the period. Vanguard Group Inc. lifted its holdings in Wayfair by 4.5% in the 1st quarter. Vanguard Group Inc. now owns 8,467,900 shares of the company's stock worth $574,801,000 after buying an additional 363,948 shares in the last quarter. Maverick Capital Ltd. boosted its position in Wayfair by 46.2% in the 2nd quarter. Maverick Capital Ltd. now owns 721,618 shares of the company's stock valued at $38,051,000 after buying an additional 227,908 shares during the last quarter. Finally, Mesirow Institutional Investment Management Inc. acquired a new stake in shares of Wayfair during the first quarter valued at about $13,690,000. 89.67% of the stock is owned by hedge funds and other institutional investors.

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.