Shares of Wayfair Inc (NYSE:W) have been assigned an average recommendation of “Hold” from the twenty-four analysts that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $126.06.

W has been the topic of a number of analyst reports. Gordon Haskett cut shares of Wayfair from an “accumulate” rating to a “hold” rating in a research report on Wednesday, July 25th. Wedbush set a $105.00 price objective on shares of Wayfair and gave the company a “hold” rating in a research report on Monday, July 30th. Cowen boosted their price objective on shares of Wayfair from $85.00 to $134.00 and gave the company an “outperform” rating in a research report on Tuesday, July 31st. Canaccord Genuity reiterated a “buy” rating and set a $140.00 price objective (up previously from $135.00) on shares of Wayfair in a research report on Thursday, August 2nd. Finally, Buckingham Research boosted their price objective on shares of Wayfair from $137.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, August 3rd.

W stock opened at $84.55 on Friday. Wayfair has a twelve month low of $60.53 and a twelve month high of $151.20. The firm has a market cap of $7.46 billion, a price-to-earnings ratio of -30.20 and a beta of 1.84.

Wayfair (NYSE:W) last posted its quarterly earnings data on Thursday, November 1st. The company reported ($1.28) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.09) by ($0.19). The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter last year, the business earned ($0.65) EPS. The firm’s revenue was up 42.4% on a year-over-year basis. On average, equities research analysts expect that Wayfair will post -5.64 EPS for the current fiscal year.

In related news, insider Steven Conine sold 26,000 shares of the company’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $137.11, for a total value of $3,564,860.00. Following the completion of the sale, the insider now directly owns 48,538 shares of the company’s stock, valued at $6,655,045.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Michael D. Fleisher sold 4,520 shares of the company’s stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $121.12, for a total transaction of $547,462.40. The disclosure for this sale can be found here. Insiders have sold 413,689 shares of company stock valued at $55,578,422 over the last three months. Insiders own 37.75% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. United Services Automobile Association lifted its position in shares of Wayfair by 7.8% during the second quarter. United Services Automobile Association now owns 6,685 shares of the company’s stock valued at $794,000 after buying an additional 483 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its position in shares of Wayfair by 8.5% during the second quarter. Public Employees Retirement Association of Colorado now owns 7,976 shares of the company’s stock valued at $947,000 after buying an additional 625 shares during the last quarter. Teachers Advisors LLC lifted its position in shares of Wayfair by 0.4% during the third quarter. Teachers Advisors LLC now owns 158,455 shares of the company’s stock valued at $23,399,000 after buying an additional 691 shares during the last quarter. JS Capital Management LLC purchased a new stake in shares of Wayfair during the third quarter valued at about $103,000. Finally, Itau Unibanco Holding S.A. lifted its position in shares of Wayfair by 21.7% during the second quarter. Itau Unibanco Holding S.A. now owns 4,610 shares of the company’s stock valued at $546,000 after buying an additional 822 shares during the last quarter. 70.89% of the stock is owned by institutional investors.

About Wayfair

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. The company offers approximately 10 million products for the home sector under various brands. It offers a selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, such as Wayfair, Joss & Main, AllModern, DwellStudio, Perigold, and Birch Lane.

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Analyst Recommendations for Wayfair (NYSE:W)

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