Wayfair Inc. (NYSE:W) fell 2.8% on Monday . The stock traded as low as $37.59 and last traded at $37.90, with a volume of 565,112 shares. The stock had previously closed at $38.99.

A number of research analysts have weighed in on the company. Robert W. Baird reaffirmed a “neutral” rating and set a $50.00 target price on shares of Wayfair in a report on Tuesday, May 10th. Wedbush reaffirmed an “outperform” rating and set a $60.00 target price on shares of Wayfair in a report on Tuesday, May 3rd. Maxim Group assumed coverage on Wayfair in a report on Thursday, May 26th. They set a “buy” rating and a $50.00 target price for the company. KeyCorp reaffirmed a “hold” rating on shares of Wayfair in a report on Tuesday, May 10th. Finally, Citigroup Inc. lowered Wayfair from a “buy” rating to a “neutral” rating and reduced their target price for the company from $51.00 to $45.00 in a report on Tuesday, May 10th. Fourteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $51.49.

The stock’s market cap is $3.27 billion. The firm has a 50 day moving average of $40.55 and a 200 day moving average of $40.51.

Wayfair (NYSE:W) last announced its quarterly earnings results on Tuesday, August 9th. The company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.41) by $0.02. During the same period in the previous year, the firm posted ($0.15) earnings per share. The company earned $755.70 million during the quarter, compared to the consensus estimate of $782.43 million. The company’s revenue was up 60.0% compared to the same quarter last year. Equities analysts predict that Wayfair Inc. will post ($1.67) EPS for the current year.

In other news, CEO Niraj Shah sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $47.85, for a total value of $574,200.00. Following the completion of the sale, the chief executive officer now directly owns 12,000 shares of the company’s stock, valued at approximately $574,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael D. Fleisher sold 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $40.35, for a total value of $302,625.00. Following the completion of the sale, the chief financial officer now directly owns 25,027 shares of the company’s stock, valued at $1,009,839.45. The disclosure for this sale can be found here.

Wayfair Inc (Wayfair) offers browsing, merchandising, product discovery and prices for a range of products from suppliers across various brands, including Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The Company offers a range of furniture, home furnishings, decor and goods. Wayfair produces editorial content both in-house and through third parties.

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