Wayfair Inc. (NYSE:W) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Wayfair Inc. (NYSE:W) have received an average rating of “Moderate Buy” from the twenty-seven ratings firms that are presently covering the company, Marketbeat.com reports. Thirteen research analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $56.81.

A number of equities research analysts recently issued reports on the company. Piper Sandler set a $58.00 target price on Wayfair and gave the company an “overweight” rating in a research note on Friday, February 21st. Guggenheim reaffirmed a “buy” rating and issued a $60.00 target price on shares of Wayfair in a research note on Monday. Stifel Nicolaus reduced their target price on Wayfair from $47.00 to $46.00 and set a “hold” rating on the stock in a research note on Friday, February 21st. Loop Capital reduced their target price on Wayfair from $55.00 to $45.00 and set a “hold” rating on the stock in a research note on Friday, February 21st. Finally, StockNews.com raised Wayfair from a “sell” rating to a “hold” rating in a research note on Thursday, December 19th.

Wayfair Price Performance

W opened at $33.47 on Tuesday. The stock has a market cap of $4.25 billion, a P/E ratio of -8.32 and a beta of 3.44. The stock’s 50 day simple moving average is $44.39 and its 200 day simple moving average is $46.20. Wayfair has a 1-year low of $32.41 and a 1-year high of $76.18.

Wayfair (NYSE:W) last posted 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 analysts’ expectations of $3.07 billion. Research analysts expect that Wayfair will post -2.54 EPS for the current fiscal year.

Insider Activity at Wayfair

In related news, CTO Fiona Tan sold 8,249 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $44.91, for a total value of $370,462.59. Following the completion of the sale, the chief technology officer now directly owns 96,557 shares in the company, valued at approximately $4,336,374.87. This represents a 7.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Thomas Netzer sold 1,039 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $50.65, for a total value of $52,625.35. Following the sale, the chief operating officer now owns 171,790 shares of the company’s stock, valued at $8,701,163.50. This represents a 0.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 134,228 shares of company stock worth $6,235,818. Corporate insiders own 26.81% of the company’s stock.

Institutional Trading of Wayfair

Several large investors have recently modified their holdings of W. True Wealth Design LLC grew its stake in shares of Wayfair by 207.1% during the fourth quarter. True Wealth Design LLC now owns 565 shares of the company’s stock valued at $25,000 after acquiring an additional 381 shares in the last quarter. J.Safra Asset Management Corp grew its stake in Wayfair by 71.3% in the fourth quarter. J.Safra Asset Management Corp now owns 586 shares of the company’s stock worth $26,000 after purchasing an additional 244 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Wayfair by 577.0% in the fourth quarter. Jones Financial Companies Lllp now owns 589 shares of the company’s stock worth $26,000 after purchasing an additional 502 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Wayfair in the third quarter worth about $29,000. Finally, GAMMA Investing LLC grew its stake in Wayfair by 65.5% in the fourth quarter. GAMMA Investing LLC now owns 710 shares of the company’s stock worth $31,000 after purchasing an additional 281 shares in the last quarter. 89.67% of the stock is currently owned by institutional investors and hedge funds.

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.