Wayfair (NYSE:W) had its target price increased by equities research analysts at Oppenheimer to $105.00 in a research note issued on Friday. The firm currently has an “outperform” rating on the stock. Oppenheimer’s target price would indicate a potential upside of 15.79% from the company’s current price.

W has been the topic of a number of other reports. Gordon Haskett downgraded shares of Wayfair from a “buy” rating to an “accumulate” rating in a report on Wednesday, January 31st. Piper Jaffray Companies reissued a “buy” rating and issued a $89.00 price target on shares of Wayfair in a report on Wednesday, December 13th. Moffett Nathanson began coverage on shares of Wayfair in a report on Monday, December 4th. They issued a “buy” rating on the stock. Canaccord Genuity reissued a “buy” rating and issued a $90.00 price target on shares of Wayfair in a report on Thursday, November 2nd. Finally, Cowen reissued a “buy” rating and issued a $72.00 price target (down from $82.00) on shares of Wayfair in a report on Wednesday, November 1st. Fourteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $80.11.

Wayfair (W) opened at $90.68 on Friday. The company has a debt-to-equity ratio of 135.98, a quick ratio of 1.17 and a current ratio of 1.19. The stock has a market cap of $7,815.11, a price-to-earnings ratio of -36.27 and a beta of 1.05. Wayfair has a fifty-two week low of $35.36 and a fifty-two week high of $94.95.

In other news, insider Steven Conine sold 2,000 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $92.21, for a total transaction of $184,420.00. Following the sale, the insider now directly owns 31,796 shares in the company, valued at $2,931,909.16. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Michael D. Fleisher sold 515 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $75.69, for a total value of $38,980.35. Following the sale, the chief financial officer now owns 56,765 shares in the company, valued at $4,296,542.85. The disclosure for this sale can be found here. Insiders sold a total of 62,010 shares of company stock worth $4,913,814 over the last 90 days. 56.93% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Delta Asset Management LLC TN grew its holdings in shares of Wayfair by 375.0% during the third quarter. Delta Asset Management LLC TN now owns 1,900 shares of the company’s stock worth $128,000 after purchasing an additional 1,500 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Wayfair by 52.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,803 shares of the company’s stock worth $145,000 after purchasing an additional 624 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Wayfair by 1,512.5% during the third quarter. Advisors Asset Management Inc. now owns 2,322 shares of the company’s stock worth $157,000 after purchasing an additional 2,178 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Wayfair by 78.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,403 shares of the company’s stock worth $193,000 after purchasing an additional 1,056 shares in the last quarter. Finally, Mohican Financial Management LLC purchased a new position in shares of Wayfair during the third quarter worth about $194,000. Hedge funds and other institutional investors own 66.89% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This report was originally reported by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another publication, it was illegally copied and reposted in violation of United States & international trademark & copyright laws. The legal version of this report can be viewed at https://www.watchlistnews.com/oppenheimer-increases-wayfair-w-price-target-to-105-00/1858599.html.

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)

Receive News & Ratings for Wayfair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wayfair and related companies with MarketBeat.com's FREE daily email newsletter.