KeyCorp reiterated their hold rating on shares of Wayfair Inc (NYSE:W) in a research note issued to investors on Friday morning.

A number of other research analysts also recently weighed in on the stock. Piper Jaffray Companies reissued a buy rating and set a $89.00 target price on shares of Wayfair in a research report on Friday, September 8th. Gordon Haskett raised shares of Wayfair from an accumulate rating to a buy rating and set a $89.00 target price for the company in a research report on Tuesday, September 5th. Wedbush reissued an outperform rating and set a $82.00 target price on shares of Wayfair in a research report on Wednesday, October 4th. Oppenheimer Holdings, Inc. set a $88.00 target price on shares of Wayfair and gave the company a buy rating in a research report on Wednesday, October 18th. Finally, Buckingham Research reissued a buy rating and set a $95.00 target price (up from $72.00) on shares of Wayfair in a research report on Thursday, July 13th. They noted that the move was a valuation call. Nine investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The company has an average rating of Buy and an average target price of $76.01.

Wayfair (W) traded down $6.91 during trading on Friday, hitting $67.50. 6,132,925 shares of the stock were exchanged, compared to its average volume of 2,634,480. Wayfair has a 1 year low of $27.60 and a 1 year high of $84.19. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 6.93.

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

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In other news, insider Edmond Macri sold 600 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $69.49, for a total transaction of $41,694.00. Following the sale, the insider now owns 1,000 shares in the company, valued at approximately $69,490. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO James Savarese sold 21,663 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $80.32, for a total transaction of $1,739,972.16. Following the sale, the chief operating officer now owns 533,821 shares in the company, valued at approximately $42,876,502.72. 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. Corporate insiders own 56.93% of the company’s stock.

Several institutional investors have recently bought and sold shares of W. BNP Paribas Arbitrage SA raised its position 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 valued at $105,000 after buying an additional 667 shares in the last quarter. UBS Group AG raised its position in shares of Wayfair by 55.5% during the 1st quarter. UBS Group AG now owns 2,690 shares of the company’s stock valued at $109,000 after buying an additional 960 shares in the last quarter. Delta Asset Management LLC TN raised its position 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 valued at $128,000 after buying an additional 1,500 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Wayfair during the 1st quarter valued at $137,000. Finally, First Mercantile Trust Co. bought a new position in shares of Wayfair during the 2nd quarter valued at $138,000. Hedge funds and other institutional investors own 66.24% of the company’s stock.

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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