Shares of Wayfair Inc. (NYSE:W) have been given an average recommendation of “Buy” by the twenty-two analysts that are currently covering the firm, Marketbeat reports. Ten equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $71.03.

Several equities analysts recently issued reports on the company. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Wayfair in a research note on Saturday, May 6th. Piper Jaffray Companies set a $87.00 price objective on Wayfair and gave the stock a “buy” rating in a research note on Saturday, July 1st. Canaccord Genuity restated a “buy” rating on shares of Wayfair in a research note on Tuesday, August 8th. Buckingham Research restated a “buy” rating and set a $95.00 price objective on shares of Wayfair in a research note on Thursday, August 10th. Finally, BidaskClub cut Wayfair from a “buy” rating to a “hold” rating in a research note on Friday, August 11th.

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Shares of Wayfair (NYSE:W) traded up 2.99% on Tuesday, reaching $69.20. 1,365,954 shares of the company’s stock were exchanged. Wayfair has a one year low of $27.60 and a one year high of $82.19. The firm’s market capitalization is $6.03 billion. The firm has a 50 day moving average of $73.76 and a 200 day moving average of $57.85.

Wayfair (NYSE:W) last released its quarterly earnings results on Tuesday, August 8th. The company reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.43. Wayfair had a negative net margin of 5.10% and a negative return on equity of 335.44%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the company earned ($0.43) earnings per share. The business’s quarterly revenue was up 42.7% compared to the same quarter last year. On average, equities research analysts predict that Wayfair will post ($1.46) EPS for the current year.

In related news, Director Romero Rodrigues sold 374 shares of Wayfair stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $76.21, for a total transaction of $28,502.54. Following the sale, the director now directly owns 9,809 shares in the company, valued at $747,543.89. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Steven Conine sold 55,000 shares of Wayfair stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $76.63, for a total transaction of $4,214,650.00. Following the sale, the insider now owns 55,000 shares in the company, valued at $4,214,650. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 914,449 shares of company stock worth $67,229,001. Company insiders own 56.93% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new position in Wayfair during the fourth quarter worth about $880,000. Guggenheim Capital LLC raised its position in Wayfair by 48.7% in the fourth quarter. Guggenheim Capital LLC now owns 15,491 shares of the company’s stock worth $543,000 after buying an additional 5,073 shares during the last quarter. Teachers Advisors LLC raised its position in Wayfair by 5.7% in the fourth quarter. Teachers Advisors LLC now owns 126,565 shares of the company’s stock worth $4,436,000 after buying an additional 6,865 shares during the last quarter. Nationwide Fund Advisors raised its position in Wayfair by 2.1% in the first quarter. Nationwide Fund Advisors now owns 33,721 shares of the company’s stock worth $1,365,000 after buying an additional 709 shares during the last quarter. Finally, Hamilton Lane Advisors LLC raised its position in Wayfair by 41.0% in the first quarter. Hamilton Lane Advisors LLC now owns 45,381 shares of the company’s stock worth $1,837,000 after buying an additional 13,191 shares during the last quarter.

About Wayfair

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.

Analyst Recommendations for Wayfair (NYSE:W)

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