Wayfair (NYSE:W) had its price objective boosted by Stifel Nicolaus from $72.00 to $82.00 in a research note released on Friday, MarketBeat reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other analysts have also weighed in on the stock. Piper Jaffray Companies restated a buy rating and issued a $89.00 target price on shares of Wayfair in a research report on Wednesday, December 13th. Moffett Nathanson assumed coverage on shares of Wayfair in a research report on Monday, December 4th. They issued a buy rating on the stock. Zacks Investment Research lowered shares of Wayfair from a hold rating to a sell rating in a research report on Wednesday, November 8th. Wedbush cut their target price on shares of Wayfair from $82.00 to $72.00 and set an outperform rating on the stock in a research report on Friday, November 3rd. Finally, KeyCorp reaffirmed a hold rating on shares of Wayfair in a research note on Friday, November 3rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company. Wayfair currently has a consensus rating of Buy and an average price target of $76.22.

Shares of Wayfair (NYSE W) opened at $83.08 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.17 and a debt-to-equity ratio of 135.98. Wayfair has a 52-week low of $34.30 and a 52-week high of $84.19.

Wayfair (NYSE:W) last issued its earnings results on Thursday, November 2nd. The company reported ($0.65) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.03. Wayfair had a negative net margin of 5.06% and a negative return on equity of 658.45%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the business posted ($0.54) earnings per share. The company’s quarterly revenue was up 39.1% on a year-over-year basis. research analysts forecast that Wayfair will post -2.63 earnings per share for the current year.

In related news, CTO John Champlin Mulliken sold 700 shares of Wayfair stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $57.01, for a total transaction of $39,907.00. Following the completion of the transaction, the chief technology officer now owns 185,128 shares of the company’s stock, valued at $10,554,147.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Steve Oblak sold 406 shares of Wayfair stock in a transaction on Monday, October 16th. The stock was sold at an average price of $71.33, for a total transaction of $28,959.98. The disclosure for this sale can be found here. Insiders have sold 59,917 shares of company stock valued at $4,311,205 in the last three months. 56.93% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of W. Renaissance Technologies LLC increased its stake in Wayfair by 46.6% in the first quarter. Renaissance Technologies LLC now owns 36,800 shares of the company’s stock valued at $1,490,000 after purchasing an additional 11,700 shares in the last quarter. Aperio Group LLC acquired a new position in shares of Wayfair during the second quarter valued at about $217,000. Public Employees Retirement Association of Colorado acquired a new position in shares of Wayfair during the second quarter valued at about $546,000. CIBC Asset Management Inc acquired a new position in shares of Wayfair during the second quarter valued at about $208,000. Finally, Sei Investments Co. grew its holdings in shares of Wayfair by 3,118.2% during the second quarter. Sei Investments Co. now owns 6,887 shares of the company’s stock valued at $529,000 after buying an additional 6,673 shares during the last quarter. 66.97% of the stock is owned by hedge funds and other institutional investors.

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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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