Shares of Wayfair Inc. (NYSE:W) have been assigned an average rating of “Buy” from the twenty-five ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $75.34.

Several research firms have recently weighed in on W. Canaccord Genuity restated a “buy” rating on shares of Wayfair in a research report on Tuesday, August 8th. Buckingham Research restated a “buy” rating and set a $95.00 price objective on shares of Wayfair in a research report on Thursday, August 10th. BidaskClub lowered shares of Wayfair from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Credit Suisse Group raised their price objective on shares of Wayfair from $75.00 to $78.00 and gave the company a “neutral” rating in a research report on Wednesday, August 9th. Finally, KeyCorp restated a “hold” rating on shares of Wayfair in a research report on Friday, September 29th.

Shares of Wayfair (NYSE:W) traded up $2.12 on Thursday, reaching $69.99. 2,217,435 shares of the company were exchanged, compared to its average volume of 1,547,083. The company has a debt-to-equity ratio of 135.98, a current ratio of 1.19 and a quick ratio of 1.17. Wayfair has a 12-month low of $34.03 and a 12-month high of $84.19.

Wayfair (NYSE:W) last announced its earnings results on Thursday, November 2nd. The company reported ($0.65) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.68) by $0.03. The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.21 billion. Wayfair had a negative net margin of 5.06% and a negative return on equity of 658.45%. Wayfair’s revenue was up 39.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.54) EPS. equities research analysts expect that Wayfair will post -2.63 EPS for the current fiscal year.

In other news, CTO John Champlin Mulliken sold 700 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $57.01, for a total value of $39,907.00. Following the completion of the sale, the chief technology officer now directly owns 185,128 shares of the company’s stock, valued at $10,554,147.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Edmond Macri sold 842 shares of the stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $72.17, for a total transaction of $60,767.14. Following the completion of the sale, the insider now directly owns 1,000 shares of the company’s stock, valued at $72,170. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,376 shares of company stock valued at $4,240,187. Corporate insiders own 56.93% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of W. Legal & General Group Plc lifted its position in shares of Wayfair by 12.8% in the first quarter. Legal & General Group Plc now owns 11,529 shares of the company’s stock worth $466,000 after purchasing an additional 1,312 shares in the last quarter. UBS Group AG lifted its position in shares of Wayfair by 55.5% in the first quarter. UBS Group AG now owns 2,690 shares of the company’s stock worth $109,000 after purchasing an additional 960 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Wayfair by 46.6% in the first quarter. Renaissance Technologies LLC now owns 36,800 shares of the company’s stock worth $1,490,000 after purchasing an additional 11,700 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Wayfair by 8.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 131,330 shares of the company’s stock worth $5,318,000 after purchasing an additional 10,551 shares in the last quarter. Finally, State Street Corp raised its position in Wayfair by 1.8% during the first quarter. State Street Corp now owns 695,502 shares of the company’s stock valued at $28,158,000 after acquiring an additional 12,398 shares in the last quarter. 66.95% of the stock is owned by institutional investors and hedge funds.

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Wayfair Company Profile

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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