Wayfair (W) Coverage Initiated by Analysts at Moffett Nathanson

Stock analysts at Moffett Nathanson initiated coverage on shares of Wayfair (NYSE:W) in a research note issued on Monday, December 4th, Marketbeat reports. The brokerage set a “buy” rating on the stock.

Other equities research analysts have also recently issued reports about the stock. DA Davidson assumed coverage on shares of Wayfair in a research report on Wednesday, September 13th. They set a “neutral” rating and a $78.00 price target for the company. Oppenheimer restated a “buy” rating and issued a $88.00 price objective on shares of Wayfair in a report on Wednesday, September 13th. Wedbush restated a “buy” rating on shares of Wayfair in a report on Wednesday, August 9th. Credit Suisse Group lifted their price target on shares of Wayfair from $75.00 to $78.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 9th. Finally, Wolfe Research reiterated an “outperform” rating on shares of Wayfair in a research note on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the stock. Wayfair presently has a consensus rating of “Buy” and an average target price of $76.22.

Wayfair (NYSE:W) traded down $0.64 during trading hours on Monday, hitting $80.27. 965,001 shares of the stock traded hands, compared to its average volume of 1,318,386. The company has a current ratio of 1.19, a quick ratio of 1.17 and a debt-to-equity ratio of 135.98. The stock has a market capitalization of $7,106.33, a P/E ratio of -32.11 and a beta of 0.96. Wayfair has a 12-month low of $34.30 and a 12-month high of $84.19.

Wayfair (NYSE:W) last released its quarterly earnings data on Thursday, November 2nd. The company reported ($0.65) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.68) by $0.03. Wayfair had a negative net margin of 5.06% and a negative return on equity of 658.45%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period last year, the business earned ($0.54) earnings per share. Wayfair’s revenue was up 39.1% compared to the same quarter last year. analysts expect that Wayfair will post -2.64 earnings per share for the current year.

In related news, insider John Champlin Mulliken sold 936 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $68.61, for a total value of $64,218.96. Following the sale, the insider now directly owns 187,778 shares in the company, valued at approximately $12,883,448.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Niraj Shah sold 1,214 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $71.22, for a total transaction of $86,461.08. The disclosure for this sale can be found here. Insiders sold a total of 60,296 shares of company stock worth $4,338,822 over the last three months. 56.93% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. First Personal Financial Services lifted its holdings in Wayfair by 12.8% in the 2nd quarter. First Personal Financial Services now owns 2,792 shares of the company’s stock valued at $215,000 after purchasing an additional 317 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Wayfair by 96.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock worth $105,000 after acquiring an additional 667 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Wayfair by 18.9% during the 2nd quarter. Pacer Advisors Inc. now owns 4,903 shares of the company’s stock worth $377,000 after acquiring an additional 779 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in shares of Wayfair by 1.6% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 51,345 shares of the company’s stock worth $3,461,000 after acquiring an additional 800 shares during the period. Finally, UBS Group AG lifted its holdings in shares of Wayfair by 55.5% during the 1st quarter. UBS Group AG now owns 2,690 shares of the company’s stock worth $109,000 after acquiring an additional 960 shares during the period. Institutional investors own 66.73% of the company’s stock.

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Wayfair Company Profile

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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