Shares of Wayfair Inc. (NYSE:W) have been given an average rating of “Hold” by the thirty-four analysts that are covering the company, Marketbeat reports. Five analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and fifteen have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $274.58.
A number of research firms recently issued reports on W. Smith Barney Citigroup boosted their target price on shares of Wayfair from $225.00 to $230.00 in a research report on Thursday, November 5th. Jefferies Financial Group decreased their target price on shares of Wayfair from $363.00 to $360.00 and set a “buy” rating for the company in a research report on Wednesday, November 4th. Cowen boosted their target price on shares of Wayfair from $360.00 to $375.00 and gave the company an “outperform” rating in a research report on Thursday, February 18th. Canaccord Genuity boosted their target price on shares of Wayfair from $340.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, November 4th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their target price on shares of Wayfair from $225.00 to $230.00 in a research report on Thursday, November 5th.
In other news, CFO Michael D. Fleisher sold 750 shares of the company’s stock in a transaction that occurred on Tuesday, December 8th. The shares were sold at an average price of $236.60, for a total value of $177,450.00. Following the transaction, the chief financial officer now directly owns 94,280 shares in the company, valued at approximately $22,306,648. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Niraj Shah sold 35,902 shares of the company’s stock in a transaction that occurred on Thursday, January 14th. The stock was sold at an average price of $349.81, for a total transaction of $12,558,878.62. Following the completion of the transaction, the chief executive officer now owns 69,869 shares in the company, valued at $24,440,874.89. The disclosure for this sale can be found here. Insiders sold a total of 98,994 shares of company stock worth $32,723,497 over the last quarter. 30.86% of the stock is currently owned by company insiders.
NYSE W opened at $266.96 on Thursday. The company has a market capitalization of $26.55 billion, a PE ratio of -38.25, a P/E/G ratio of 98.63 and a beta of 3.43. The company has a fifty day moving average of $283.13 and a 200 day moving average of $278.00. Wayfair has a 1 year low of $21.70 and a 1 year high of $369.00.
Wayfair Company Profile
Wayfair Inc engages in the e-commerce business in the United States and internationally. It provides approximately eighteen million products for the home sector under various brands. The company offers selection of furniture, dÃ©cor, decorative accents, housewares, seasonal dÃ©cor, and other home goods through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold brands.
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