Wayfair Inc. (NYSE:W) shares were up 4.9% on Monday . The stock traded as high as $41.10 and last traded at $40.70, with a volume of 635,871 shares. The stock had previously closed at $38.79.

W has been the topic of a number of research reports. Raymond James Financial Inc. lowered Wayfair from a “strong-buy” rating to an “outperform” rating and cut their price target for the company from $55.00 to $48.00 in a report on Tuesday, March 22nd. Vetr lowered Wayfair from a “strong-buy” rating to a “buy” rating and set a $43.83 price target on the stock. in a report on Wednesday, March 23rd. Sterne Agee CRT initiated coverage on Wayfair in a report on Wednesday, April 6th. They issued a “neutral” rating on the stock. Buckingham Research initiated coverage on Wayfair in a report on Monday, April 11th. They issued a “buy” rating and a $52.00 price target on the stock. Finally, JPMorgan Chase & Co. initiated coverage on Wayfair in a report on Monday, April 25th. They issued a “neutral” rating and a $45.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $52.67.

The company’s 50-day moving average is $39.99 and its 200-day moving average is $40.56. The stock’s market cap is $3.34 billion.

Wayfair (NYSE:W) last issued its earnings results on Monday, May 9th. The company reported ($0.36) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.33) by $0.03. The firm earned $747.30 million during the quarter, compared to the consensus estimate of $693.95 million. During the same period in the previous year, the company posted ($0.23) EPS. Wayfair’s revenue for the quarter was up 76.1% compared to the same quarter last year. On average, analysts expect that Wayfair Inc. will post ($1.12) EPS for the current fiscal year.

In other Wayfair news, CEO Niraj Shah sold 4,900 shares of Wayfair stock in a transaction that occurred on 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 owns 4,900 shares of the company’s stock, valued at approximately $196,343. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Steven Conine sold 4,405 shares of Wayfair stock in a transaction that occurred on 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 directly owns 4,405 shares in the company, valued at approximately $176,596.45. The disclosure for this sale can be found here.

Several institutional investors have recently bought and sold shares of the company. Marshall Wace LLP purchased a new position in Wayfair during the fourth quarter valued at approximately $5,425,000. State of New Jersey Common Pension Fund D boosted its position in 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 in the last quarter. First Trust Advisors LP purchased a new position in Wayfair during the fourth quarter valued at approximately $2,895,000. California State Teachers Retirement System boosted its position in 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 in the last quarter. Finally, Russell Frank Co boosted its position in 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 in 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.