Cowen and Company reiterated their buy rating on shares of Wayfair Inc (NYSE:W) in a report issued on Wednesday. The firm currently has a $72.00 price objective on the stock, down from their previous price objective of $82.00.

Several other research analysts have also weighed in on the stock. Buckingham Research reiterated a buy rating and issued a $95.00 price objective (up previously from $72.00) on shares of Wayfair in a research note on Thursday, July 13th. They noted that the move was a valuation call. DA Davidson initiated coverage on shares of Wayfair in a research note on Wednesday, September 13th. They issued a neutral rating and a $78.00 price objective on the stock. Piper Jaffray Companies set a $87.00 price objective on shares of Wayfair and gave the company a buy rating in a research note on Friday, July 28th. Oppenheimer Holdings, Inc. set a $88.00 price objective on shares of Wayfair and gave the company a buy rating in a research note on Friday, August 4th. Finally, Wedbush reiterated a buy rating on shares of Wayfair in a research note on Wednesday, August 9th. Nine investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $76.54.

Shares of Wayfair (NYSE:W) opened at $67.50 on Wednesday. Wayfair has a 12-month low of $27.60 and a 12-month high of $84.19. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 6.93.

Wayfair (NYSE:W) last issued its quarterly earnings results on Thursday, November 2nd. The company reported ($0.65) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.68) by $0.03. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.21 billion. Wayfair had a negative net margin of 5.06% and a negative return on equity of 505.51%. The firm’s quarterly revenue was up 39.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.54) EPS. sell-side analysts forecast that Wayfair will post -2.27 EPS for the current fiscal year.

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In other Wayfair news, CFO Michael D. Fleisher sold 4,719 shares of the stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $82.35, for a total value of $388,609.65. Following the completion of the sale, the chief financial officer now directly owns 50,844 shares of the company’s stock, valued at approximately $4,187,003.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider John Champlin Mulliken sold 941 shares of the stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $62.37, for a total transaction of $58,690.17. Following the completion of the sale, the insider now directly owns 1,000 shares of the company’s stock, valued at $62,370. The disclosure for this sale can be found here. Insiders sold a total of 420,752 shares of company stock worth $29,788,852 over the last quarter. 56.93% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA boosted its holdings in Wayfair by 96.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock valued at $105,000 after purchasing an additional 667 shares during the period. 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. Delta Asset Management LLC TN lifted its holdings in shares of Wayfair by 375.0% during the 3rd quarter. Delta Asset Management LLC TN now owns 1,900 shares of the company’s stock worth $128,000 after acquiring an additional 1,500 shares during the period. Oppenheimer Asset Management Inc. bought a new position in shares of Wayfair during the 1st quarter worth about $137,000. Finally, First Mercantile Trust Co. bought a new position in shares of Wayfair during the 2nd quarter worth about $138,000. 66.24% of the stock is owned by hedge funds and other institutional investors.

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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