Wayfair Inc. (NYSE:W) has earned a consensus rating of “Buy” from the twenty-two ratings firms that are covering the stock, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $76.39.

W has been the subject of a number of analyst reports. Piper Jaffray Companies restated a “buy” rating and issued a $89.00 price objective on shares of Wayfair in a research note on Friday, September 8th. Maxim Group cut shares of Wayfair from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $27.60 to $76.17 in a research note on Monday, June 19th. They noted that the move was a valuation call. Gordon Haskett upgraded shares of Wayfair from an “accumulate” rating to a “buy” rating and set a $89.00 price objective for the company in a research note on Tuesday, September 5th. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $88.00 price objective on shares of Wayfair in a research note on Wednesday, September 13th. Finally, Buckingham Research restated a “buy” rating and issued a $95.00 price objective (up from $72.00) on shares of Wayfair in a research note on Thursday, July 13th. They noted that the move was a valuation call.

In other Wayfair news, insider Edmond Macri sold 1,570 shares of the business’s stock in a transaction on Tuesday, July 18th. The shares were sold at an average price of $76.07, for a total value of $119,429.90. Following the sale, the insider now owns 2,756 shares of the company’s stock, valued at approximately $209,648.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider John Champlin Mulliken sold 700 shares of the business’s stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $76.62, for a total transaction of $53,634.00. Following the completion of the sale, the insider now directly owns 191,827 shares in the company, valued at approximately $14,697,784.74. The disclosure for this sale can be found here. Insiders sold a total of 713,251 shares of company stock worth $52,479,282 in the last three months. Insiders own 56.93% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. FMR LLC grew its holdings in shares of Wayfair by 2.7% in the 2nd quarter. FMR LLC now owns 7,757,688 shares of the company’s stock worth $596,411,000 after purchasing an additional 207,443 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Wayfair by 16.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,028,832 shares of the company’s stock worth $232,857,000 after purchasing an additional 423,631 shares during the last quarter. Baillie Gifford & Co. grew its holdings in shares of Wayfair by 5.7% in the 2nd quarter. Baillie Gifford & Co. now owns 1,914,674 shares of the company’s stock worth $147,200,000 after purchasing an additional 102,460 shares during the last quarter. Allen Investment Management LLC grew its holdings in shares of Wayfair by 25.7% in the 2nd quarter. Allen Investment Management LLC now owns 880,000 shares of the company’s stock worth $67,654,000 after purchasing an additional 180,000 shares during the last quarter. Finally, Eventide Asset Management LLC grew its holdings in shares of Wayfair by 99.7% in the 1st quarter. Eventide Asset Management LLC now owns 699,000 shares of the company’s stock worth $28,303,000 after purchasing an additional 349,000 shares during the last quarter. 66.15% of the stock is currently owned by institutional investors and hedge funds.

Wayfair (NYSE:W) traded up 0.41% during midday trading on Wednesday, reaching $66.22. 1,719,937 shares of the company traded hands. Wayfair has a 12 month low of $27.60 and a 12 month high of $84.19. The stock’s market capitalization is $5.77 billion. The firm has a 50 day moving average of $73.04 and a 200-day moving average of $65.93.

Wayfair (NYSE:W) last issued its quarterly earnings data on Tuesday, August 8th. The company reported ($0.26) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.69) by $0.43. Wayfair had a negative net margin of 5.10% and a negative return on equity of 335.44%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the company earned ($0.43) earnings per share. Wayfair’s revenue for the quarter was up 42.7% on a year-over-year basis. Analysts forecast that Wayfair will post ($1.45) EPS for the current fiscal year.

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About Wayfair

Wayfair Inc (Wayfair) offers browsing, merchandising and product discovery for a range of products from various suppliers. The Company operates through two segments: U.S. and International. The U.S. segment consists of amounts earned through product sales through the Company’s five sites in the United States and through sites operated by third parties in the United States.

Analyst Recommendations for Wayfair (NYSE:W)

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