Wayfair Inc. (NYSE:W) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of Wayfair Inc. (NYSE:W - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twenty-six ratings firms that are currently covering the company, Marketbeat.com reports. Thirteen research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $58.12.

Several equities research analysts have weighed in on W shares. Wedbush reaffirmed a "neutral" rating and issued a $46.00 target price (up from $44.00) on shares of Wayfair in a research report on Friday, February 21st. Stifel Nicolaus dropped their price objective on shares of Wayfair from $47.00 to $46.00 and set a "hold" rating on the stock in a report on Friday, February 21st. BMO Capital Markets upped their target price on shares of Wayfair from $50.00 to $55.00 and gave the stock a "market perform" rating in a research report on Friday, February 21st. Needham & Company LLC restated a "buy" rating and issued a $50.00 price target on shares of Wayfair in a research note on Friday, February 21st. Finally, Piper Sandler set a $58.00 price objective on Wayfair and gave the stock an "overweight" rating in a research report on Friday, February 21st.

Insider Transactions at Wayfair

In related news, insider Steven Conine sold 30,000 shares of the company's stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $53.14, for a total value of $1,594,200.00. Following the completion of the sale, the insider now owns 632,573 shares in the company, valued at approximately $33,614,929.22. This represents a 4.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Thomas Netzer sold 1,039 shares of Wayfair stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $50.65, for a total transaction of $52,625.35. Following the transaction, the chief operating officer now owns 171,790 shares in the company, valued at approximately $8,701,163.50. The trade was a 0.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 164,228 shares of company stock valued at $7,830,018 in the last three months. 23.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. True Wealth Design LLC increased its stake in Wayfair by 207.1% in the 4th quarter. True Wealth Design LLC now owns 565 shares of the company's stock valued at $25,000 after buying an additional 381 shares during the period. J.Safra Asset Management Corp boosted its stake in shares of Wayfair by 71.3% during the 4th quarter. J.Safra Asset Management Corp now owns 586 shares of the company's stock valued at $26,000 after buying an additional 244 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Wayfair by 577.0% during the 4th quarter. Jones Financial Companies Lllp now owns 589 shares of the company's stock valued at $26,000 after acquiring an additional 502 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Wayfair in the third quarter worth $29,000. Finally, GAMMA Investing LLC raised its holdings in shares of Wayfair by 65.5% during the fourth quarter. GAMMA Investing LLC now owns 710 shares of the company's stock worth $31,000 after acquiring an additional 281 shares in the last quarter. 89.67% of the stock is owned by institutional investors and hedge funds.

Wayfair Price Performance

Shares of NYSE:W traded up $0.95 during trading on Tuesday, reaching $34.59. 5,010,184 shares of the company's stock traded hands, compared to its average volume of 3,878,677. The company has a 50 day moving average of $45.02 and a 200-day moving average of $46.37. Wayfair has a 12 month low of $33.05 and a 12 month high of $76.18. The stock has a market capitalization of $4.39 billion, a P/E ratio of -8.60 and a beta of 3.44.

Wayfair (NYSE:W - Get Free Report) last announced 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 firm had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.07 billion. Equities research analysts predict that Wayfair will post -2.54 earnings per share for the current fiscal 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.