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

Shares of Wayfair Inc. (NYSE:W) have been given an average rating of “Moderate Buy” by the twenty-seven ratings firms that are presently covering the company, Marketbeat Ratings reports. Thirteen analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $56.81.

A number of research analysts recently commented on W shares. BMO Capital Markets upped their price objective on Wayfair from $50.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday, February 21st. Raymond James set a $60.00 price target on shares of Wayfair and gave the stock a “strong-buy” rating in a research report on Friday, February 21st. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price objective on shares of Wayfair in a research report on Friday, February 21st. Canaccord Genuity Group decreased their target price on shares of Wayfair from $76.00 to $68.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, Loop Capital dropped their price target on shares of Wayfair from $55.00 to $45.00 and set a “hold” rating on the stock in a research note on Friday, February 21st.

Wayfair Stock Performance

NYSE:W opened at $33.47 on Tuesday. The company has a market capitalization of $4.25 billion, a price-to-earnings ratio of -8.32 and a beta of 3.44. Wayfair has a one year low of $32.41 and a one year high of $76.18. The stock has a 50-day simple moving average of $44.39 and a 200 day simple moving average of $46.20.

Wayfair (NYSE:W) last issued its earnings results on Thursday, February 20th. The company reported ($0.96) EPS 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 the consensus estimate of $3.07 billion. On average, equities research analysts forecast that Wayfair will post -2.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other Wayfair news, insider Jon Blotner sold 5,669 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $42.83, for a total transaction of $242,803.27. Following the sale, the insider now owns 57,899 shares in the company, valued at approximately $2,479,814.17. The trade was a 8.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Fiona Tan sold 8,249 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $44.91, for a total value of $370,462.59. Following the sale, the chief technology officer now owns 96,557 shares in the company, valued at approximately $4,336,374.87. The trade was a 7.87 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 134,228 shares of company stock worth $6,235,818. 26.81% of the stock is owned by corporate insiders.

Institutional Trading of Wayfair

Institutional investors and hedge funds have recently bought and sold shares of the stock. True Wealth Design LLC increased its holdings in shares of 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 purchasing an additional 381 shares during the period. J.Safra Asset Management Corp increased its holdings in shares of Wayfair by 71.3% in the 4th quarter. J.Safra Asset Management Corp now owns 586 shares of the company’s stock valued at $26,000 after purchasing an additional 244 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Wayfair by 577.0% in the 4th quarter. Jones Financial Companies Lllp now owns 589 shares of the company’s stock valued at $26,000 after purchasing an additional 502 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Wayfair in the 3rd quarter valued at about $29,000. Finally, GAMMA Investing LLC increased 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 purchasing an additional 281 shares during the period. Institutional investors and hedge funds 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.