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

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

Wayfair Inc. (NYSE:W – Get Rating) has received a consensus recommendation of “Hold” from the thirty-one analysts that are presently covering the stock, Marketbeat reports. Eight analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $65.30.

Several research analysts recently commented on the company. StockNews.com raised Wayfair to a “sell” rating in a research note on Thursday, December 15th. Moffett Nathanson initiated coverage on Wayfair in a research report on Tuesday, November 15th. They set an “underperform” rating and a $20.00 price objective for the company. Morgan Stanley lowered their price objective on Wayfair from $65.00 to $30.00 and set an “underweight” rating for the company in a research report on Friday, November 4th. Royal Bank of Canada lowered their price objective on Wayfair from $62.00 to $35.00 and set a “sector perform” rating for the company in a research report on Monday, November 7th. Finally, DA Davidson lowered their price objective on Wayfair to $45.00 in a research report on Thursday, December 1st.

Wayfair Price Performance

W opened at $33.56 on Friday. Wayfair has a 12 month low of $28.11 and a 12 month high of $206.48. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of -2.99 and a beta of 2.88. The business has a fifty day moving average price of $35.57 and a 200 day moving average price of $44.93.

Insider Buying and Selling at Wayfair

In other news, CFO Michael D. Fleisher sold 5,617 shares of the stock in a transaction that occurred on Tuesday, October 18th. The stock was sold at an average price of $35.02, for a total transaction of $196,707.34. Following the completion of the transaction, the chief financial officer now directly owns 74,797 shares of the company’s stock, valued at approximately $2,619,390.94. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CFO Michael D. Fleisher sold 5,617 shares of the stock in a transaction that occurred on Tuesday, October 18th. The stock was sold at an average price of $35.02, for a total transaction of $196,707.34. Following the completion of the transaction, the chief financial officer now directly owns 74,797 shares of the company’s stock, valued at approximately $2,619,390.94. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Steve Oblak sold 1,224 shares of the stock in a transaction that occurred on Tuesday, October 18th. The stock was sold at an average price of $35.08, for a total value of $42,937.92. Following the transaction, the insider now directly owns 165,135 shares of the company’s stock, valued at $5,792,935.80. The disclosure for this sale can be found here. Insiders sold a total of 37,747 shares of company stock valued at $1,414,100 in the last ninety days. Insiders own 26.81% of the company’s stock.

Institutional Investors Weigh In On Wayfair

A number of institutional investors and hedge funds have recently modified their holdings of W. Captrust Financial Advisors grew its holdings in shares of Wayfair by 24.1% in the 2nd quarter. Captrust Financial Advisors now owns 968 shares of the company’s stock worth $42,000 after acquiring an additional 188 shares during the period. Elequin Capital LP acquired a new stake in Wayfair during the 1st quarter valued at $45,000. CWM LLC grew its holdings in Wayfair by 186.3% during the 2nd quarter. CWM LLC now owns 1,088 shares of the company’s stock valued at $47,000 after buying an additional 708 shares during the last quarter. Skylands Capital LLC acquired a new stake in Wayfair during the 3rd quarter valued at $49,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Wayfair during the 3rd quarter valued at $59,000. Institutional investors and hedge funds own 90.61% of the company’s stock.

Wayfair Company Profile

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Wayfair Inc engages in the e-commerce business in the United States and internationally. The company provides approximately thirty-three million products for the home sector under various brands. It offers online selections of furniture, décor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold brands.

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Analyst Recommendations for Wayfair (NYSE:W)

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