Wayfair (NYSE:W) Rating Lowered to Hold at Deutsche Bank Aktiengesellschaft

Wayfair (NYSE:W) was downgraded by stock analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note issued on Monday, MarketBeat reports. They currently have a $25.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential downside of 6.25% from the company’s current price.

Several other research analysts also recently weighed in on the stock. Loop Capital decreased their target price on shares of Wayfair from $55.00 to $45.00 and set a “hold” rating for the company in a research note on Friday, February 21st. BMO Capital Markets lifted their target price on Wayfair from $50.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, February 21st. Guggenheim restated a “buy” rating and set a $60.00 price objective on shares of Wayfair in a research note on Monday, March 10th. Canaccord Genuity Group cut their target price on Wayfair from $76.00 to $68.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, Jefferies Financial Group raised shares of Wayfair from a “hold” rating to a “buy” rating and raised their price target for the stock from $45.00 to $47.00 in a research report on Friday, March 7th. Sixteen analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $52.92.

Wayfair Trading Down 1.8 %

Shares of NYSE W opened at $26.67 on Monday. The stock has a fifty day moving average price of $35.64 and a 200 day moving average price of $43.07. Wayfair has a 12-month low of $20.41 and a 12-month high of $76.18. The company has a market cap of $3.38 billion, a P/E ratio of -6.63 and a beta of 3.72.

Wayfair (NYSE:W) last announced its earnings results on Thursday, February 20th. The company reported ($0.96) EPS for the quarter, missing the consensus estimate of $0.05 by ($1.01). The company had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.07 billion. On average, sell-side analysts forecast that Wayfair will post -2.54 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Steven Conine sold 30,000 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $46.33, for a total value of $1,389,900.00. Following the sale, the insider now owns 559,073 shares of the company’s stock, valued at approximately $25,901,852.09. The trade was a 5.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kate Gulliver sold 19,296 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $31.67, for a total value of $611,104.32. Following the transaction, the chief financial officer now directly owns 144,474 shares of the company’s stock, valued at $4,575,491.58. This represents a 11.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 122,863 shares of company stock valued at $4,847,429 over the last 90 days. 26.81% of the stock is currently owned by company insiders.

Institutional Trading of Wayfair

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Wayfair by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 9,315,337 shares of the company’s stock worth $412,856,000 after purchasing an additional 327,603 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Wayfair in the fourth quarter worth about $6,799,000. Nisa Investment Advisors LLC boosted its holdings in shares of Wayfair by 5.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 44,710 shares of the company’s stock worth $1,982,000 after buying an additional 2,250 shares during the period. Ameritas Advisory Services LLC purchased a new position in shares of Wayfair in the fourth quarter worth approximately $229,000. Finally, SG Americas Securities LLC raised its holdings in shares of Wayfair by 277.4% during the fourth quarter. SG Americas Securities LLC now owns 12,591 shares of the company’s stock valued at $558,000 after acquiring an additional 9,255 shares during the period. 89.67% of the stock is currently owned by institutional investors.

About Wayfair

Wayfair Inc provides e-commerce business in the United States and internationally. The company offers approximately thirty million products for the home sector. It offers online selections of furniture, décor, housewares, and home improvement products through its sites consisting of Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.