KeyCorp restated their hold rating on shares of Wayfair Inc. (NYSE:W) in a research note released on Friday.

Several other equities analysts have also commented on the company. Piper Jaffray Companies set a $87.00 price target on Wayfair and gave the company a buy rating in a research note on Saturday, July 1st. Canaccord Genuity reissued a buy rating on shares of Wayfair in a research report on Tuesday, August 8th. Buckingham Research reissued a buy rating and set a $95.00 price objective on shares of Wayfair in a research report on Thursday, August 10th. Robert W. Baird restated a hold rating and issued a $73.00 price objective on shares of Wayfair in a report on Thursday, September 28th. Finally, BidaskClub lowered shares of Wayfair from a buy rating to a hold rating in a report on Friday, August 11th. Ten investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company has an average rating of Buy and a consensus price target of $74.07.

Shares of Wayfair (NYSE:W) opened at 68.46 on Friday. The stock’s market capitalization is $5.97 billion. Wayfair has a 52 week low of $27.60 and a 52 week high of $84.19. The stock’s 50 day moving average is $72.81 and its 200-day moving average is $64.57.

Wayfair (NYSE:W) last issued its quarterly earnings data on Tuesday, August 8th. The company reported ($0.26) earnings per share for the quarter, topping the consensus estimate of ($0.69) by $0.43. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.06 billion. Wayfair had a negative return on equity of 335.44% and a negative net margin of 5.10%. The firm’s revenue for the quarter was up 42.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.43) earnings per share. On average, analysts anticipate that Wayfair will post ($1.45) earnings per share for the current fiscal year.

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In other Wayfair news, CEO Niraj Shah sold 50,839 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $75.22, for a total transaction of $3,824,109.58. Following the completion of the transaction, the chief executive officer now owns 83,469 shares in the company, valued at approximately $6,278,538.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Steven Conine sold 55,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $76.63, for a total transaction of $4,214,650.00. Following the transaction, the insider now owns 55,000 shares of the company’s stock, valued at approximately $4,214,650. The disclosure for this sale can be found here. Insiders have sold 814,214 shares of company stock worth $60,017,028 in the last ninety days. Corporate insiders own 56.93% of the company’s stock.

Several hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its holdings in Wayfair by 96.2% in the second 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 during the last quarter. First Mercantile Trust Co. acquired a new stake in Wayfair in the second quarter valued at $138,000. UBS Group AG raised its stake in Wayfair by 55.5% in the first 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. CIBC Asset Management Inc acquired a new stake in Wayfair in the second quarter valued at $208,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in Wayfair during the 1st quarter worth about $110,000. Hedge funds and other institutional investors own 66.15% 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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