Several brokerages have updated their recommendations and price targets on shares of Wayfair (NYSE: W) in the last few weeks:

  • 8/11/2017 – Wayfair was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/10/2017 – Wayfair had its “buy” rating reaffirmed by analysts at Buckingham Research. They now have a $95.00 price target on the stock.
  • 8/9/2017 – Wayfair had its “outperform” rating reaffirmed by analysts at Wolfe Research.
  • 8/9/2017 – Wayfair had its price target raised by analysts at Credit Suisse Group from $75.00 to $78.00. They now have a “neutral” rating on the stock.
  • 8/9/2017 – Wayfair had its “buy” rating reaffirmed by analysts at Wedbush.
  • 8/8/2017 – Wayfair had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They wrote, “We were encouraged by higher acquisition activity during the quarter, which should help offset the expected continuation of volume headwinds that much of the industry is experiencing.””
  • 8/8/2017 – Wayfair had its price target raised by analysts at Robert W. Baird from $65.00 to $73.00. They now have a “neutral” rating on the stock.
  • 8/4/2017 – Wayfair was given a new $88.00 price target on by analysts at Oppenheimer Holdings, Inc.. They now have a “buy” rating on the stock.
  • 8/4/2017 – Wayfair was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 8/3/2017 – Wayfair is now covered by analysts at Wolfe Research. They set an “outperform” rating and a $88.00 price target on the stock.
  • 7/28/2017 – Wayfair was given a new $87.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.
  • 7/13/2017 – Wayfair had its “buy” rating reaffirmed by analysts at Buckingham Research. They now have a $95.00 price target on the stock, up previously from $72.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 7/3/2017 – Wayfair had its “neutral” rating reaffirmed by analysts at Robert W. Baird.
  • 7/1/2017 – Wayfair was given a new $87.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.
  • 6/27/2017 – Wayfair was downgraded by analysts at Gordon Haskett from a “buy” rating to an “accumulate” rating. They now have a $85.00 price target on the stock, up previously from $70.00.
  • 6/19/2017 – Wayfair was downgraded by analysts at Maxim Group from a “buy” rating to a “hold” rating. They now have a $76.17 price target on the stock, up previously from $27.60. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 6/14/2017 – Wayfair had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $87.00 price target on the stock, up previously from $70.00.

Shares of Wayfair Inc. (NYSE:W) traded up 1.64% during midday trading on Friday, reaching $70.14. 336,951 shares of the company traded hands. The company’s 50 day moving average is $75.93 and its 200-day moving average is $55.75. The stock’s market capitalization is $6.11 billion. Wayfair Inc. has a 12 month low of $27.60 and a 12 month high of $82.19.

Wayfair (NYSE:W) last announced its quarterly earnings results on Tuesday, August 8th. The company reported ($0.26) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.69) by $0.43. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Wayfair had a negative net margin of 5.10% and a negative return on equity of 335.44%. Wayfair’s revenue was up 42.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.43) earnings per share. Equities research analysts forecast that Wayfair Inc. will post ($1.46) earnings per share for the current fiscal year.

In related news, COO James Savarese sold 21,663 shares of Wayfair stock in a transaction on Monday, August 7th. The shares were sold at an average price of $80.32, for a total value of $1,739,972.16. Following the completion of the sale, the chief operating officer now owns 533,821 shares in the company, valued at $42,876,502.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nicholas Malone sold 1,500 shares of Wayfair stock in a transaction on Monday, August 7th. The stock was sold at an average price of $79.95, for a total transaction of $119,925.00. Following the completion of the sale, the insider now owns 6,793 shares of the company’s stock, valued at approximately $543,100.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 800,971 shares of company stock worth $59,065,872. Corporate insiders own 63.94% of the company’s stock.

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.

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