Wayfair Inc. (NYSE:W) Short Interest Update

Wayfair Inc. (NYSE:W - Get Free Report) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 23,010,000 shares, an increase of 34.8% from the March 31st total of 17,070,000 shares. Based on an average daily volume of 5,430,000 shares, the short-interest ratio is presently 4.2 days. Approximately 25.1% of the company's shares are sold short.

Insider Activity at Wayfair

In related news, insider Steven Conine sold 30,000 shares of the stock in a transaction 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 completion of the sale, the insider now directly owns 559,073 shares of the company's stock, valued at approximately $25,901,852.09. This represents a 5.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Kate Gulliver sold 19,296 shares of Wayfair stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $31.67, for a total transaction of $611,104.32. Following the transaction, the chief financial officer now directly owns 144,474 shares in the company, valued at $4,575,491.58. This represents a 11.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 92,915 shares of company stock worth $3,389,028 in the last 90 days. Corporate insiders own 21.91% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Check Capital Management Inc. CA grew its holdings in shares of Wayfair by 1.9% in the first quarter. Check Capital Management Inc. CA now owns 167,745 shares of the company's stock worth $5,373,000 after acquiring an additional 3,145 shares during the period. Teacher Retirement System of Texas purchased a new position in shares of Wayfair during the 1st quarter valued at about $443,000. Summit Trail Advisors LLC purchased a new position in Wayfair during the first quarter valued at approximately $320,000. Vontobel Holding Ltd. increased its stake in shares of Wayfair by 182.7% in the first quarter. Vontobel Holding Ltd. now owns 33,717 shares of the company's stock worth $1,080,000 after purchasing an additional 21,790 shares in the last quarter. Finally, Ameritas Advisory Services LLC lifted its stake in shares of Wayfair by 304.3% during the 1st quarter. Ameritas Advisory Services LLC now owns 20,916 shares of the company's stock valued at $672,000 after buying an additional 15,742 shares in the last quarter. Institutional investors own 89.67% of the company's stock.

Wayfair Trading Down 2.5 %

W traded down $0.79 during trading on Tuesday, reaching $30.13. The stock had a trading volume of 342,815 shares, compared to its average volume of 4,641,643. Wayfair has a one year low of $20.41 and a one year high of $76.18. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of -7.52 and a beta of 2.93. The stock's 50 day moving average is $31.08 and its two-hundred day moving average is $40.52.

Wayfair (NYSE:W - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.14) by $0.24. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.71 billion. The company's revenue was up .0% compared to the same quarter last year. During the same period last year, the firm posted ($0.32) earnings per share. On average, equities research analysts predict that Wayfair will post -2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Wayfair from $63.00 to $50.00 and set an "overweight" rating for the company in a report on Monday, March 10th. Mizuho reduced their price objective on Wayfair from $60.00 to $50.00 and set an "outperform" rating for the company in a report on Friday. Bank of America lowered their price objective on Wayfair from $52.00 to $50.00 and set a "neutral" rating on the stock in a research note on Friday, February 21st. The Goldman Sachs Group cut their price target on Wayfair from $50.00 to $31.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Finally, Raymond James set a $60.00 price objective on Wayfair and gave the stock a "strong-buy" rating in a report on Friday, February 21st. Fourteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $48.25.

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.