Wayfair Inc. (NYSE:W) Receives $43.83 Average Target Price from Analysts

Shares of Wayfair Inc. (NYSE:W - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twenty-six ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $43.83.

W has been the topic of several recent analyst reports. Citigroup lifted their price objective 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. Raymond James set a $60.00 price objective on shares of Wayfair and gave the company a "strong-buy" rating in a research report on Friday, February 21st. UBS Group decreased their target price on Wayfair from $60.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Wedbush upgraded Wayfair to a "hold" rating in a report on Thursday, May 1st. Finally, Evercore ISI boosted their price objective on Wayfair from $40.00 to $45.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd.

Insider Transactions at Wayfair

In other news, CEO Niraj Shah sold 9,527 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $40.04, for a total value of $381,461.08. Following the completion of the sale, the chief executive officer now directly owns 549,610 shares of the company's stock, valued at $22,006,384.40. This trade represents a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Steven Conine sold 2,246 shares of Wayfair stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $40.01, for a total value of $89,862.46. Following the transaction, the insider now owns 542,168 shares of the company's stock, valued at $21,692,141.68. This represents a 0.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 242,915 shares of company stock worth $9,258,415 in the last 90 days. Corporate insiders own 21.91% of the company's stock.

Institutional Investors Weigh In On Wayfair

A number of large investors have recently added to or reduced their stakes in W. True Wealth Design LLC boosted its position in Wayfair by 207.1% during the fourth quarter. True Wealth Design LLC now owns 565 shares of the company's stock worth $25,000 after purchasing an additional 381 shares during the period. J.Safra Asset Management Corp lifted 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 worth $26,000 after buying an additional 244 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Wayfair by 577.0% during the 4th quarter. Jones Financial Companies Lllp now owns 589 shares of the company's stock worth $26,000 after buying an additional 502 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Wayfair during the 4th quarter worth about $41,000. Finally, GAMMA Investing LLC grew its stake in Wayfair by 85.8% in the 1st quarter. GAMMA Investing LLC now owns 1,319 shares of the company's stock valued at $42,000 after buying an additional 609 shares during the last quarter. Institutional investors own 89.67% of the company's stock.

Wayfair Trading Down 1.6%

Shares of W traded down $0.76 on Thursday, reaching $47.20. 3,566,188 shares of the company's stock were exchanged, compared to its average volume of 4,787,184. The business has a 50 day moving average price of $34.44 and a two-hundred day moving average price of $40.11. Wayfair has a 12 month low of $20.41 and a 12 month high of $62.43. The stock has a market capitalization of $6.06 billion, a P/E ratio of -11.74 and a beta of 2.94.

Wayfair (NYSE:W - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.14) by $0.24. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the previous year, the firm posted ($0.32) EPS. The business's revenue was up .0% on a year-over-year basis. Equities research analysts predict that Wayfair will post -2.54 EPS for the current 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.