Wayfair Inc. (NYSE:W) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Wayfair Inc. (NYSE:W - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the twenty-six analysts that are presently covering the company, Marketbeat reports. Twelve analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $60.28.

Several brokerages have recently issued reports on W. Argus downgraded Wayfair from a "buy" rating to a "hold" rating in a research report on Monday, August 26th. Mizuho dropped their price objective on shares of Wayfair from $65.00 to $60.00 and set an "outperform" rating for the company in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft lowered their price target on Wayfair from $69.00 to $46.00 and set a "buy" rating for the company in a research note on Monday, November 4th. Royal Bank of Canada lowered their price target on Wayfair from $53.00 to $50.00 and set a "sector perform" rating for the company in a report on Monday, November 4th. Finally, BMO Capital Markets reduced their target price on shares of Wayfair from $58.00 to $50.00 and set a "market perform" rating for the company in a research note on Monday, November 4th.

Wayfair Trading Down 3.7 %

NYSE:W traded down $1.70 during trading hours on Thursday, hitting $43.75. The stock had a trading volume of 5,444,056 shares, compared to its average volume of 4,416,072. Wayfair has a 1-year low of $37.35 and a 1-year high of $76.18. The company has a market cap of $5.48 billion, a PE ratio of -9.74 and a beta of 3.44. The business has a 50 day simple moving average of $46.50 and a two-hundred day simple moving average of $48.77.

Wayfair (NYSE:W - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.13 by $0.09. The firm had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the prior year, the company posted ($1.38) EPS. The firm's revenue was down 2.0% on a year-over-year basis. Research analysts expect that Wayfair will post -2.91 EPS for the current fiscal year.

Insider Activity at Wayfair

In other Wayfair news, insider Jon Blotner sold 4,600 shares of the company's stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $53.60, for a total transaction of $246,560.00. Following the transaction, the insider now owns 52,078 shares in the company, valued at approximately $2,791,380.80. This represents a 8.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Thomas Netzer sold 8,435 shares of the business's stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $53.06, for a total value of $447,561.10. Following the sale, the chief operating officer now owns 179,180 shares of the company's stock, valued at approximately $9,507,290.80. This represents a 4.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,896 shares of company stock worth $4,869,409 over the last ninety days. 26.81% of the stock is owned by corporate insiders.

Institutional Trading of Wayfair

Several hedge funds have recently bought and sold shares of the stock. Capital Performance Advisors LLP bought a new stake in Wayfair in the third quarter worth $29,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Wayfair during the third quarter valued at approximately $44,000. Brooklyn Investment Group purchased a new position in Wayfair during the 3rd quarter valued at about $50,000. International Assets Investment Management LLC purchased a new stake in shares of Wayfair in the 2nd quarter worth approximately $58,000. Finally, Northwest & Ethical Investments L.P. bought a new position in Wayfair in the third quarter worth about $67,000. Hedge funds and other institutional investors own 89.67% of the company's stock.

About Wayfair

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.