Shares of Wayfair Inc (NYSE:W) have been given an average recommendation of “Buy” by the twenty-six brokerages that are presently covering the firm, MarketBeat Ratings reports. Twelve research analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $77.70.

Several research firms recently issued reports on W. Canaccord Genuity reaffirmed a “buy” rating and set a $90.00 price target on shares of Wayfair in a research note on Thursday, November 2nd. Cowen reaffirmed a “buy” rating and set a $72.00 price target (down previously from $82.00) on shares of Wayfair in a research note on Wednesday, November 1st. MKM Partners began coverage on shares of Wayfair in a research note on Wednesday, October 18th. They set a “buy” rating and a $85.00 price target on the stock. Oppenheimer set a $88.00 price target on shares of Wayfair and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Finally, Piper Jaffray Companies set a $89.00 price target on shares of Wayfair and gave the stock a “buy” rating in a research note on Monday, October 16th.

Shares of Wayfair (W) traded up $2.28 during mid-day trading on Friday, hitting $87.84. 988,400 shares of the stock were exchanged, compared to its average volume of 1,331,846. Wayfair has a fifty-two week low of $35.36 and a fifty-two week high of $88.61. The company has a debt-to-equity ratio of 135.98, a quick ratio of 1.17 and a current ratio of 1.19. The stock has a market cap of $7,990.00, a P/E ratio of -35.28 and a beta of 0.96.

Wayfair (NYSE:W) last issued its earnings results on Thursday, November 2nd. The company reported ($0.65) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.68) by $0.03. Wayfair had a negative net margin of 5.06% and a negative return on equity of 658.45%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the firm posted ($0.54) EPS. The business’s revenue for the quarter was up 39.1% compared to the same quarter last year. equities analysts forecast that Wayfair will post -2.78 earnings per share for the current fiscal year.

In other news, CFO Michael D. Fleisher sold 4,628 shares of Wayfair stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $66.81, for a total value of $309,196.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Niraj Shah sold 1,228 shares of Wayfair stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $64.00, for a total transaction of $78,592.00. Following the completion of the transaction, the chief executive officer now directly owns 61,642 shares of the company’s stock, valued at $3,945,088. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,311 shares of company stock valued at $3,739,708. 56.93% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of W. BNP Paribas Arbitrage SA boosted its holdings in shares of Wayfair by 96.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock valued at $105,000 after buying an additional 667 shares during the period. Delta Asset Management LLC TN boosted its stake in Wayfair by 375.0% during the 3rd quarter. Delta Asset Management LLC TN now owns 1,900 shares of the company’s stock valued at $128,000 after purchasing an additional 1,500 shares during the period. Advisors Asset Management Inc. boosted its stake in Wayfair by 1,512.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,322 shares of the company’s stock valued at $157,000 after purchasing an additional 2,178 shares during the period. Mohican Financial Management LLC acquired a new position in Wayfair during the 3rd quarter valued at about $194,000. Finally, Stifel Financial Corp acquired a new position in Wayfair during the 3rd quarter valued at about $223,000. 66.67% of the stock is owned by institutional investors and hedge funds.

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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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