Wayfair Inc. (NYSE:W)’s share price shot up 4.9% during mid-day trading on Monday . The stock traded as high as $41.10 and last traded at $40.70, with a volume of 635,871 shares changing hands. The stock had previously closed at $38.79.

Several brokerages have weighed in on W. Vetr downgraded Wayfair from a “buy” rating to a “hold” rating and set a $43.83 price target on the stock. in a research report on Monday, April 4th. Sterne Agee CRT began coverage on Wayfair in a research report on Wednesday, April 6th. They set a “neutral” rating on the stock. Zacks Investment Research downgraded Wayfair from a “hold” rating to a “sell” rating in a research report on Thursday, June 2nd. JPMorgan Chase & Co. initiated coverage on Wayfair in a research report on Monday, April 25th. They set a “neutral” rating and a $45.00 price target on the stock. Finally, Buckingham Research initiated coverage on Wayfair in a research report on Monday, April 11th. They set a “buy” rating and a $52.00 target price on the stock. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $52.67.

The firm’s market cap is $3.43 billion. The firm has a 50-day moving average price of $40.02 and a 200-day moving average price of $40.75.

Wayfair (NYSE:W) last issued its quarterly earnings results on Monday, May 9th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by $0.03. During the same quarter last year, the business posted ($0.23) EPS. The firm had revenue of $747.30 million for the quarter, compared to analyst estimates of $693.95 million. The firm’s revenue for the quarter was up 76.1% on a year-over-year basis. On average, equities research analysts predict that Wayfair Inc. will post ($1.12) earnings per share for the current fiscal year.

In other Wayfair news, CEO Niraj Shah sold 4,900 shares of the company’s stock in a transaction dated Monday, April 25th. The shares were sold at an average price of $40.07, for a total transaction of $196,343.00. Following the transaction, the chief executive officer now directly owns 4,900 shares in the company, valued at $196,343. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Steven Conine sold 4,405 shares of the company’s stock in a transaction dated Monday, April 25th. The stock was sold at an average price of $40.09, for a total transaction of $176,596.45. Following the transaction, the insider now owns 4,405 shares in the company, valued at $176,596.45. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently modified their holdings of W. State of New Jersey Common Pension Fund D raised its position in shares of Wayfair by 14.3% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 480,000 shares of the company’s stock valued at $22,858,000 after buying an additional 60,000 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Wayfair during the fourth quarter valued at $5,425,000. Russell Frank Co raised its position in shares of Wayfair by 72.5% in the fourth quarter. Russell Frank Co now owns 95,996 shares of the company’s stock valued at $4,697,000 after buying an additional 40,358 shares during the last quarter. First Trust Advisors LP bought a new position in shares of Wayfair during the fourth quarter valued at $2,895,000. Finally, California State Teachers Retirement System raised its position in shares of Wayfair by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 37,171 shares of the company’s stock valued at $1,770,000 after buying an additional 632 shares during the last quarter.

Wayfair Inc (Wayfair) is an online destination for the home. Through its e-commerce business model, the Company offers browsing, merchandising, product discovery and prices for over seven million products from over 7,000 suppliers across five brands: Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane.

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