Wayfair Inc. (NYSE:W) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Wayfair Inc. (NYSE:W) have been given an average recommendation of “Moderate Buy” by the twenty-six analysts that are covering the firm, MarketBeat reports. Thirteen analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $60.24.

Several brokerages recently issued reports on W. Needham & Company LLC reiterated a “buy” rating and issued a $60.00 price target on shares of Wayfair in a research note on Friday, November 1st. Truist Financial decreased their target price on shares of Wayfair from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Loop Capital lifted their target price on shares of Wayfair from $50.00 to $55.00 and gave the company a “hold” rating in a report on Monday, December 16th. Deutsche Bank Aktiengesellschaft cut their price target on Wayfair from $69.00 to $46.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Finally, Mizuho lowered their price objective on Wayfair from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Monday, November 4th.

Wayfair Trading Up 4.7 %

W opened at $47.57 on Friday. The company has a market cap of $5.96 billion, a price-to-earnings ratio of -10.60 and a beta of 3.43. The stock has a fifty day simple moving average of $47.08 and a two-hundred day simple moving average of $46.64. Wayfair has a 12-month low of $37.35 and a 12-month high of $76.18.

Insider Buying and Selling

In other Wayfair news, COO Thomas Netzer sold 1,039 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $50.65, for a total transaction of $52,625.35. Following the completion of the sale, the chief operating officer now directly owns 171,790 shares of the company’s stock, valued at approximately $8,701,163.50. This represents a 0.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven Conine sold 30,000 shares of Wayfair stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $42.31, for a total transaction of $1,269,300.00. Following the transaction, the insider now owns 179,073 shares in the company, valued at $7,576,578.63. This represents a 14.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 164,228 shares of company stock valued at $7,709,418 over the last 90 days. Company insiders own 26.81% of the company’s stock.

Institutional Trading of Wayfair

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. J.Safra Asset Management Corp boosted its position in shares of 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 during the period. Jones Financial Companies Lllp boosted its holdings in Wayfair by 577.0% in the 4th quarter. Jones Financial Companies Lllp now owns 589 shares of the company’s stock worth $26,000 after buying an additional 502 shares during the period. Capital Performance Advisors LLP purchased a new stake in Wayfair in the 3rd quarter worth $29,000. GAMMA Investing LLC raised its holdings in Wayfair by 65.5% during the fourth quarter. GAMMA Investing LLC now owns 710 shares of the company’s stock valued at $31,000 after acquiring an additional 281 shares during the period. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Wayfair in the fourth quarter valued at about $41,000. Hedge funds and other institutional investors own 89.67% of the company’s stock.

About Wayfair

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.