Wayfair Inc. (NYSE:W) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of Wayfair Inc. (NYSE:W - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the twenty-five ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation, twelve have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $43.83.

Several brokerages recently weighed in on W. Mizuho lowered their price objective on Wayfair from $60.00 to $50.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Royal Bank of Canada reiterated a "sector perform" rating and set a $25.00 price target on shares of Wayfair in a report on Friday, April 25th. Citigroup increased their target price on shares of Wayfair from $30.00 to $32.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. The Goldman Sachs Group dropped their price target on shares of Wayfair from $50.00 to $31.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Finally, Bank of America upped their price objective on shares of Wayfair from $36.00 to $43.00 and gave the stock a "neutral" rating in a report on Wednesday.

Wayfair Trading Up 2.2%

Shares of NYSE W opened at $39.59 on Friday. The stock has a market cap of $5.02 billion, a PE ratio of -9.85 and a beta of 2.93. Wayfair has a 12-month low of $20.41 and a 12-month high of $68.87. The company has a 50-day moving average of $31.13 and a 200 day moving average of $39.96.

Wayfair (NYSE:W - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.14) by $0.24. The company had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.71 billion. During the same quarter last year, the company earned ($0.32) earnings per share. Wayfair's revenue for the quarter was up .0% on a year-over-year basis. On average, sell-side analysts forecast that Wayfair will post -2.54 EPS for the current fiscal year.

Insider Buying and Selling at Wayfair

In related news, insider Jon Blotner sold 19,257 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $31.68, for a total transaction of $610,061.76. Following the transaction, the insider now owns 78,308 shares in the company, valued at $2,480,797.44. This trade represents a 19.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Steven Conine sold 30,000 shares of Wayfair stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $46.33, for a total value of $1,389,900.00. Following the transaction, the insider now directly owns 559,073 shares in the company, valued at approximately $25,901,852.09. This trade represents a 5.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 127,330 shares of company stock worth $4,767,406 over the last ninety days. Corporate insiders own 21.91% of the company's stock.

Institutional Trading of Wayfair

A number of hedge funds have recently added to or reduced their stakes in W. Capital World Investors increased its position in Wayfair by 6.2% during the 4th quarter. Capital World Investors now owns 13,506,200 shares of the company's stock worth $598,596,000 after purchasing an additional 782,757 shares during the period. Vanguard Group Inc. grew its holdings in Wayfair by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 9,315,337 shares of the company's stock worth $412,856,000 after acquiring an additional 327,603 shares during the period. Baillie Gifford & Co. raised its position in Wayfair by 13.6% in the fourth quarter. Baillie Gifford & Co. now owns 6,179,761 shares of the company's stock worth $273,887,000 after acquiring an additional 740,641 shares in the last quarter. Alyeska Investment Group L.P. raised its position in Wayfair by 681.8% in the first quarter. Alyeska Investment Group L.P. now owns 5,462,651 shares of the company's stock worth $174,969,000 after acquiring an additional 4,763,944 shares in the last quarter. Finally, Southpoint Capital Advisors LP lifted its holdings in Wayfair by 42.9% in the first quarter. Southpoint Capital Advisors LP now owns 4,000,000 shares of the company's stock valued at $128,120,000 after acquiring an additional 1,200,000 shares during the period. 89.67% of the stock is owned by institutional investors and hedge funds.

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.

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