Wayfair Inc. (NYSE:W - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $47.96, but opened at $46.55. Wayfair shares last traded at $47.44, with a volume of 250,579 shares traded.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut shares of Wayfair from a "buy" rating to a "hold" rating and set a $25.00 price objective for the company. in a report on Monday, April 14th. Needham & Company LLC reiterated a "buy" rating and issued a $50.00 price objective on shares of Wayfair in a report on Thursday, May 1st. Guggenheim decreased their price objective on shares of Wayfair from $60.00 to $50.00 and set a "buy" rating for the company in a report on Friday, May 2nd. 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, May 14th. Finally, Wedbush upgraded shares of Wayfair to a "hold" rating in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, twelve have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $43.83.
Get Our Latest Stock Analysis on Wayfair
Wayfair Stock Down 1.6%
The stock has a market cap of $6.06 billion, a price-to-earnings ratio of -11.74 and a beta of 2.94. The company's 50-day moving average is $34.44 and its 200-day moving average is $40.11.
Wayfair (NYSE:W - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.24. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.71 billion. The business's quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.32) EPS. On average, research analysts forecast that Wayfair Inc. will post -2.54 earnings per share for the current year.
Insider Transactions at Wayfair
In related news, insider Steven Conine sold 73,095 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $40.40, for a total value of $2,953,038.00. Following the completion of the sale, the insider now owns 469,073 shares of the company's stock, valued at $18,950,549.20. This trade represents a 13.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Niraj Shah sold 2,258 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $40.01, for a total transaction of $90,342.58. Following the completion of the sale, the chief executive officer now directly owns 541,627 shares of the company's stock, valued at approximately $21,670,496.27. This represents a 0.42% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 242,915 shares of company stock valued at $9,258,415. Corporate insiders own 21.91% of the company's stock.
Hedge Funds Weigh In On Wayfair
A number of hedge funds and other institutional investors have recently bought and sold shares of W. Vanguard Group Inc. grew its holdings in shares of Wayfair by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 9,315,337 shares of the company's stock valued at $412,856,000 after buying an additional 327,603 shares during the period. Sterling Capital Management LLC grew its holdings in shares of Wayfair by 60.1% in the 4th quarter. Sterling Capital Management LLC now owns 5,636 shares of the company's stock valued at $250,000 after buying an additional 2,116 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Wayfair by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,009,312 shares of the company's stock valued at $44,733,000 after buying an additional 35,057 shares during the period. LPL Financial LLC grew its holdings in shares of Wayfair by 218.2% in the 4th quarter. LPL Financial LLC now owns 38,486 shares of the company's stock valued at $1,706,000 after buying an additional 26,390 shares during the period. Finally, Norges Bank acquired a new position in shares of Wayfair in the 4th quarter valued at $31,472,000. 89.67% of the stock is owned by institutional investors.
Wayfair Company Profile
(
Get Free Report)
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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