Wayfair Inc. (NYSE:W) Given Consensus Rating of “Hold” by Brokerages

Shares of Wayfair Inc. (NYSE:W – Get Rating) have received a consensus rating of “Hold” from the thirty research firms that are currently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $64.74.

A number of research firms have recently commented on W. UBS Group dropped their price objective on shares of Wayfair from $65.00 to $45.00 and set a “neutral” rating for the company in a research note on Friday, September 23rd. Cowen downgraded shares of Wayfair from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $80.00 to $38.00 in a research note on Monday, November 21st. The Goldman Sachs Group boosted their target price on Wayfair from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Friday, November 4th. Royal Bank of Canada decreased their target price on Wayfair from $62.00 to $35.00 and set a “sector perform” rating for the company in a report on Monday, November 7th. Finally, StockNews.com upgraded Wayfair to a “sell” rating in a report on Wednesday.

Insider Activity at Wayfair

In related news, COO Thomas Netzer sold 3,909 shares of the company’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $37.27, for a total transaction of $145,688.43. Following the sale, the chief operating officer now directly owns 63,405 shares of the company’s stock, valued at approximately $2,363,104.35. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Wayfair news, CTO Fiona Tan sold 3,203 shares of the stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $37.33, for a total value of $119,567.99. Following the sale, the chief technology officer now directly owns 31,552 shares of the company’s stock, valued at $1,177,836.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Thomas Netzer sold 3,909 shares of the stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $37.27, for a total value of $145,688.43. Following the completion of the sale, the chief operating officer now directly owns 63,405 shares in the company, valued at $2,363,104.35. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,379 shares of company stock valued at $1,540,618. Corporate insiders own 26.81% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Captrust Financial Advisors boosted its stake in Wayfair by 24.1% during the second quarter. Captrust Financial Advisors now owns 968 shares of the company’s stock valued at $42,000 after buying an additional 188 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its stake in Wayfair by 5.0% during the first quarter. Candriam Luxembourg S.C.A. now owns 5,854 shares of the company’s stock valued at $648,000 after buying an additional 281 shares in the last quarter. HighTower Advisors LLC boosted its stake in Wayfair by 16.9% during the first quarter. HighTower Advisors LLC now owns 2,360 shares of the company’s stock valued at $259,000 after buying an additional 342 shares in the last quarter. Aviva PLC boosted its stake in Wayfair by 1.5% during the first quarter. Aviva PLC now owns 23,470 shares of the company’s stock valued at $2,600,000 after buying an additional 346 shares in the last quarter. Finally, Amalgamated Bank boosted its stake in Wayfair by 2.4% during the third quarter. Amalgamated Bank now owns 16,384 shares of the company’s stock valued at $533,000 after buying an additional 380 shares in the last quarter. Institutional investors own 90.61% of the company’s stock.

Wayfair Stock Performance

Wayfair stock opened at $41.04 on Thursday. The stock has a fifty day moving average of $36.75 and a two-hundred day moving average of $43.39. The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of -3.66 and a beta of 2.85. Wayfair has a fifty-two week low of $28.11 and a fifty-two week high of $164.88.

Wayfair (NYSE:W – Get Rating) last released its quarterly earnings results on Thursday, November 3rd. The company reported ($3.27) earnings per share for the quarter, topping the consensus estimate of ($3.32) by $0.05. The company had revenue of $2.84 billion for the quarter, compared to analysts’ expectations of $2.81 billion. On average, analysts forecast that Wayfair will post -12.55 EPS for the current fiscal year.

About Wayfair

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Wayfair, Inc engages in an online home furnishing store. It operates through the U.S. and International segments. The U.S. segment consists of amounts earned through product sales through the company’s five distinct sites in the U.S. and through websites operated by third parties in the U.S. The International segment is composed of earnings through product sales in international sites.