Wayfair (NYSE:W) Lowered to “Hold” Rating by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft downgraded shares of Wayfair (NYSE:W) from a buy rating to a hold rating in a research report sent to investors on Monday, Marketbeat Ratings reports. They currently have $25.00 price target on the stock.

A number of other research firms also recently commented on W. Bank of America decreased their target price on Wayfair from $52.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, February 21st. Raymond James set a $60.00 price objective on shares of Wayfair and gave the stock a “strong-buy” rating in a research note on Friday, February 21st. Canaccord Genuity Group decreased their target price on shares of Wayfair from $76.00 to $68.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Wedbush reaffirmed a “neutral” rating and issued a $46.00 price target (up from $44.00) on shares of Wayfair in a report on Friday, February 21st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $50.00 price objective on shares of Wayfair in a research note on Friday, February 21st. Sixteen research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $52.92.

Wayfair Trading Up 0.7 %

NYSE W opened at $27.14 on Monday. Wayfair has a 12-month low of $20.41 and a 12-month high of $76.18. The company has a fifty day simple moving average of $36.06 and a two-hundred day simple moving average of $43.19. The stock has a market cap of $3.44 billion, a P/E ratio of -6.75 and a beta of 3.72.

Wayfair (NYSE:W) last issued its earnings results on Thursday, February 20th. The company reported ($0.96) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.01). The company had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.07 billion. As a group, sell-side analysts forecast that Wayfair will post -2.54 earnings per share for the current year.

Insiders Place Their Bets

In other Wayfair news, CFO Kate Gulliver sold 19,296 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $31.67, for a total value of $611,104.32. Following the completion of the sale, the chief financial officer now owns 144,474 shares in the company, valued at approximately $4,575,491.58. This represents a 11.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven Conine sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $46.33, for a total transaction of $1,389,900.00. Following the completion of the transaction, the insider now directly owns 559,073 shares in the company, valued at $25,901,852.09. This trade represents a 5.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 122,863 shares of company stock worth $4,847,429. Corporate insiders own 26.81% of the company’s stock.

Hedge Funds Weigh In On Wayfair

A number of institutional investors have recently added to or reduced their stakes in W. True Wealth Design LLC grew its holdings in Wayfair by 207.1% in the 4th quarter. True Wealth Design LLC now owns 565 shares of the company’s stock valued at $25,000 after buying an additional 381 shares in the last quarter. J.Safra Asset Management Corp boosted its position 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 valued at $26,000 after acquiring an additional 244 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Wayfair by 577.0% in the fourth quarter. Jones Financial Companies Lllp now owns 589 shares of the company’s stock valued at $26,000 after purchasing an additional 502 shares during the period. GAMMA Investing LLC increased its position in Wayfair by 65.5% during the fourth quarter. GAMMA Investing LLC now owns 710 shares of the company’s stock worth $31,000 after purchasing an additional 281 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new position in Wayfair during the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 89.67% of the company’s stock.

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.