Wayfair Inc. (NYSE:W)’s share price was down 1.3% during trading on Monday . The stock traded as low as $38.65 and last traded at $38.79, with a volume of 593,800 shares. The stock had previously closed at $39.29.

Several equities analysts recently commented on W shares. Zacks Investment Research upgraded Wayfair from a “sell” rating to a “hold” rating in a research report on Saturday, July 9th. Citigroup Inc. cut Wayfair from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $51.00 to $45.00 in a report on Tuesday, May 10th. Goldman Sachs Group Inc. cut Wayfair from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $46.00 to $43.00 in a report on Wednesday, August 10th. Cowen and Company reiterated a “buy” rating and issued a $61.00 price objective on shares of Wayfair in a report on Tuesday, June 21st. Finally, Veritas Investment Research reiterated a “hold” rating on shares of Wayfair in a report on Friday, August 5th. Fourteen research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Wayfair presently has a consensus rating of “Hold” and a consensus target price of $51.49.

The stock has a 50-day moving average of $40.43 and a 200 day moving average of $40.47. The stock’s market capitalization is $3.30 billion.

Wayfair (NYSE:W) last issued its earnings results on Tuesday, August 9th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.41) by $0.02. During the same quarter last year, the business earned ($0.15) earnings per share. The firm earned $755.70 million during the quarter, compared to analysts’ expectations of $782.43 million. The company’s revenue was up 60.0% on a year-over-year basis. On average, equities research analysts expect that Wayfair Inc. will post ($1.67) earnings per share for the current fiscal year.

In other Wayfair news, major shareholder Steven Conine sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, June 20th. The stock was sold at an average price of $40.30, for a total transaction of $483,600.00. Following the completion of the transaction, the insider now owns 12,000 shares in the company, valued at $483,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Edmond Macri sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $44.50, for a total value of $26,700.00. Following the transaction, the insider now owns 237,308 shares of the company’s stock, valued at approximately $10,560,206. 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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