Wayfair Inc (NYSE:W) had its target price lowered by Robert W. Baird from $73.00 to $65.00 in a research report report published on Friday. The firm currently has a neutral rating on the stock.

A number of other equities analysts have also issued reports on W. Buckingham Research reiterated a buy rating and issued a $95.00 target price (up previously from $72.00) on shares of Wayfair in a research report on Thursday, July 13th. They noted that the move was a valuation call. Piper Jaffray Companies set a $87.00 target price on shares of Wayfair and gave the company a buy rating in a research report on Friday, July 28th. Wolfe Research started coverage on shares of Wayfair in a report on Thursday, August 3rd. They issued an outperform rating and a $88.00 price target for the company. Oppenheimer Holdings, Inc. set a $88.00 price target on shares of Wayfair and gave the company a buy rating in a report on Friday, August 4th. Finally, BidaskClub downgraded shares of Wayfair from a strong-buy rating to a buy rating in a report on Friday, August 4th. Nine investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $76.01.

Shares of Wayfair (NYSE:W) traded down $6.91 on Friday, reaching $67.50. 6,132,925 shares of the company were exchanged, compared to its average volume of 2,634,480. The company has a debt-to-equity ratio of 6.93, a current ratio of 0.70 and a quick ratio of 0.67. Wayfair has a 12-month low of $27.60 and a 12-month high of $84.19.

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

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In other news, CEO Niraj Shah sold 55,000 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $76.65, for a total value of $4,215,750.00. Following the completion of the sale, the chief executive officer now directly owns 72,630 shares of the company’s stock, valued at $5,567,089.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael D. Fleisher sold 4,719 shares of the stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $82.35, for a total transaction 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 $4,187,003.40. The disclosure for this sale can be found here. Insiders have sold 420,752 shares of company stock valued at $29,788,852 over the last ninety days. Insiders own 56.93% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. First Personal Financial Services lifted its position in shares of Wayfair by 12.8% in the second quarter. First Personal Financial Services now owns 2,792 shares of the company’s stock worth $215,000 after purchasing an additional 317 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Wayfair by 96.2% in the second quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock worth $105,000 after purchasing an additional 667 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Wayfair by 18.9% in the second quarter. Pacer Advisors Inc. now owns 4,903 shares of the company’s stock worth $377,000 after buying an additional 779 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in Wayfair by 1.6% in the third quarter. State Board of Administration of Florida Retirement System now owns 51,345 shares of the company’s stock worth $3,461,000 after buying an additional 800 shares during the last quarter. Finally, Ingalls & Snyder LLC increased its holdings in Wayfair by 0.7% in the second quarter. Ingalls & Snyder LLC now owns 114,751 shares of the company’s stock worth $8,822,000 after buying an additional 825 shares during the last quarter. 66.24% of the stock is owned by institutional investors and hedge funds.

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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