Wayfair (NYSE:W) Stock Price Down 4.9%

Wayfair Inc. (NYSE:W - Get Free Report) shares traded down 4.9% during mid-day trading on Monday . The stock traded as low as $56.31 and last traded at $57.39. 2,132,497 shares traded hands during trading, a decline of 50% from the average session volume of 4,228,778 shares. The stock had previously closed at $60.34.

Analyst Ratings Changes

Several research analysts have recently weighed in on W shares. Loop Capital boosted their price objective on shares of Wayfair from $55.00 to $65.00 and gave the company a "hold" rating in a report on Tuesday, April 2nd. Barclays decreased their price objective on Wayfair from $85.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 4th. Stifel Nicolaus increased their price objective on shares of Wayfair from $52.00 to $55.00 and gave the stock a "hold" rating in a research note on Tuesday, January 9th. BMO Capital Markets initiated coverage on shares of Wayfair in a research note on Tuesday, January 9th. They set a "market perform" rating and a $57.00 target price on the stock. Finally, Royal Bank of Canada raised their price target on Wayfair from $55.00 to $62.00 and gave the company a "sector perform" rating in a report on Friday, February 23rd. Ten equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $77.03.

Wayfair Stock Performance

The stock has a fifty day moving average of $59.01 and a 200-day moving average of $55.24. The company has a market cap of $6.79 billion, a PE ratio of -8.65 and a beta of 3.29.

Wayfair (NYSE:W - Get Free Report) last released its earnings results on Thursday, February 22nd. The company reported ($1.46) earnings per share for the quarter, topping the consensus estimate of ($1.54) by $0.08. The business had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $3.10 billion. As a group, equities analysts anticipate that Wayfair Inc. will post -3.37 EPS for the current fiscal year.

Insider Transactions at Wayfair

In other Wayfair news, insider Jon Blotner sold 3,492 shares of the company's stock in a transaction on Monday, February 5th. The stock was sold at an average price of $50.34, for a total value of $175,787.28. Following the completion of the sale, the insider now directly owns 32,118 shares in the company, valued at approximately $1,616,820.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Jon Blotner sold 3,492 shares of the business's stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $50.34, for a total value of $175,787.28. Following the completion of the sale, the insider now owns 32,118 shares in the company, valued at approximately $1,616,820.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Niraj Shah sold 10,000 shares of Wayfair stock in a transaction on Monday, April 8th. The shares were sold at an average price of $64.58, for a total value of $645,800.00. Following the completion of the transaction, the chief executive officer now owns 239,137 shares in the company, valued at $15,443,467.46. The disclosure for this sale can be found here. Over the last three months, insiders have sold 85,664 shares of company stock valued at $5,194,427. 23.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Wayfair

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Riverview Trust Co acquired a new position in shares of Wayfair during the first quarter valued at about $27,000. Quarry LP purchased a new stake in shares of Wayfair during the fourth quarter valued at $28,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Wayfair during the fourth quarter valued at $29,000. GAMMA Investing LLC acquired a new position in shares of Wayfair in the 4th quarter valued at $31,000. Finally, BluePath Capital Management LLC purchased a new position in Wayfair in the 3rd quarter worth $34,000. 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.