Several brokerages have updated their recommendations and price targets on shares of Wayfair (NYSE: W) in the last few weeks:

  • 9/15/2016 – Wayfair was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Wayfair Inc. engages in the e-commerce business. It offers bedroom, living room, kitchen and dining, home entertainment, home office, game room and bar, patio, hallway and entryway, and bathroom furniture. The Company operates under the Wayfair.com, Joss & Main, AllModern, DwellStudio, and Birch Lane brands. It offers products and services primarily in the United States. Wayfair LLC is headquartered in Boston, Massachusetts. “
  • 9/14/2016 – Wayfair was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $42.28 price target on the stock.
  • 9/9/2016 – Wayfair was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Wayfair Inc. engages in the e-commerce business. It offers bedroom, living room, kitchen and dining, home entertainment, home office, game room and bar, patio, hallway and entryway, and bathroom furniture. The Company operates under the Wayfair.com, Joss & Main, AllModern, DwellStudio, and Birch Lane brands. It offers products and services primarily in the United States. Wayfair LLC is headquartered in Boston, Massachusetts. “
  • 9/8/2016 – Wayfair was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $42.28 price target on the stock.
  • 8/24/2016 – Wayfair was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Wayfair Inc. engages in the e-commerce business. It offers bedroom, living room, kitchen and dining, home entertainment, home office, game room and bar, patio, hallway and entryway, and bathroom furniture. The Company operates under the Wayfair.com, Joss & Main, AllModern, DwellStudio, and Birch Lane brands. It offers products and services primarily in the United States. Wayfair LLC is headquartered in Boston, Massachusetts. “
  • 8/18/2016 – Wayfair was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $42.28 price target on the stock.
  • 8/14/2016 – Wayfair had its “sector perform” rating reaffirmed by analysts at Oppenheimer Holdings Inc..
  • 8/14/2016 – Wayfair had its “equal weight” rating reaffirmed by analysts at Pacific Crest.
  • 8/13/2016 – Wayfair was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “sell” rating. According to Zacks, “Wayfair Inc. engages in the e-commerce business. It offers bedroom, living room, kitchen and dining, home entertainment, home office, game room and bar, patio, hallway and entryway, and bathroom furniture. The Company operates under the Wayfair.com, Joss & Main, AllModern, DwellStudio, and Birch Lane brands. It offers products and services primarily in the United States. Wayfair LLC is headquartered in Boston, Massachusetts. “
  • 8/12/2016 – Wayfair was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $42.28 price target on the stock.
  • 8/11/2016 – Wayfair was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $42.00 price target on the stock. According to Zacks, “Wayfair Inc. engages in the e-commerce business. It offers bedroom, living room, kitchen and dining, home entertainment, home office, game room and bar, patio, hallway and entryway, and bathroom furniture. The Company operates under the Wayfair.com, Joss & Main, AllModern, DwellStudio, and Birch Lane brands. It offers products and services primarily in the United States. Wayfair LLC is headquartered in Boston, Massachusetts. “
  • 8/10/2016 – Wayfair was downgraded by analysts at Goldman Sachs Group Inc. from a “buy” rating to a “neutral” rating. They now have a $43.00 price target on the stock, down previously from $46.00.
  • 8/10/2016 – Wayfair was downgraded by analysts at Bank of America Corp. from a “buy” rating to a “neutral” rating. They now have a $45.00 price target on the stock, down previously from $54.00.
  • 8/10/2016 – Wayfair had its price target lowered by analysts at Wedbush from $60.00 to $55.00. They now have an “outperform” rating on the stock.
  • 8/9/2016 – Wayfair was given a new $49.00 price target on by analysts at Maxim Group. They now have a “buy” rating on the stock.
  • 8/5/2016 – Wayfair had its “hold” rating reaffirmed by analysts at Veritas Investment Research.

Wayfair Inc. (NYSE:W) traded up 1.20% during trading on Tuesday, hitting $42.06. 593,983 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $40.33 and its 200 day moving average price is $40.40. Wayfair Inc. has a 12-month low of $28.85 and a 12-month high of $50.00. The stock’s market cap is $3.57 billion.

Wayfair (NYSE:W) last announced its quarterly earnings data on Tuesday, August 9th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.41) by $0.02. The business earned $755.70 million during the quarter, compared to analyst estimates of $782.43 million. Wayfair had a negative return on equity of 56.95% and a negative net margin of 4.20%. The business’s revenue for the quarter was up 60.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.15) EPS. Analysts anticipate that Wayfair Inc. will post ($1.67) earnings per share for the current fiscal year.

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In other news, CEO Niraj Shah sold 12,000 shares of Wayfair stock in a transaction that occurred on Monday, July 11th. The shares were sold at an average price of $40.72, for a total value of $488,640.00. Following the transaction, the chief executive officer now directly owns 12,000 shares of the company’s stock, valued at $488,640. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Edmond Macri sold 600 shares of Wayfair stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $44.50, for a total transaction of $26,700.00. Following the completion of the transaction, the insider now directly owns 237,308 shares in the company, valued at $10,560,206. The disclosure for this sale can be found here. 63.94% of the stock is currently owned by insiders.

Wayfair Inc (Wayfair) offers browsing, merchandising, product discovery and prices for a range of products from suppliers across various brands, including Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The Company offers a range of furniture, home furnishings, decor and goods. Wayfair produces editorial content both in-house and through third parties.

5 Day Chart for NYSE:W

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