W has been the subject of a number of other research reports. Royal Bank of Canada reduced their target price on Wayfair from $62.00 to $35.00 and set a sector perform rating for the company in a report on Monday, November 7th. William Blair assumed coverage on Wayfair in a report on Tuesday, August 2nd. They issued an outperform rating for the company. Cowen lowered Wayfair from an outperform rating to a market perform rating in a report on Monday. The Goldman Sachs Group lifted their price objective on Wayfair from $36.00 to $40.00 and gave the stock a neutral rating in a report on Friday, November 4th. Finally, MKM Partners cut their price objective on Wayfair from $60.00 to $40.00 and set a neutral rating for the company in a report on Wednesday, October 19th. Ten analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $77.48.
Wayfair Trading Down 0.7 %
Wayfair stock opened at $33.00 on Monday. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of -2.94 and a beta of 2.92. The stock has a fifty day simple moving average of $36.25 and a two-hundred day simple moving average of $48.14. Wayfair has a 12 month low of $28.11 and a 12 month high of $298.00.
Institutional Investors Weigh In On Wayfair
A number of hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC increased its stake in Wayfair by 563.3% during the second quarter. Renaissance Technologies LLC now owns 2,249,100 shares of the company’s stock worth $97,971,000 after acquiring an additional 1,910,000 shares during the last quarter. Federated Hermes Inc. increased its stake in Wayfair by 9,872.2% during the second quarter. Federated Hermes Inc. now owns 474,180 shares of the company’s stock worth $20,655,000 after acquiring an additional 469,425 shares during the last quarter. Stockbridge Partners LLC increased its stake in Wayfair by 49.6% during the first quarter. Stockbridge Partners LLC now owns 1,171,862 shares of the company’s stock worth $129,819,000 after acquiring an additional 388,622 shares during the last quarter. Bares Capital Management Inc. increased its stake in Wayfair by 8.0% during the second quarter. Bares Capital Management Inc. now owns 4,914,119 shares of the company’s stock worth $214,059,000 after acquiring an additional 362,256 shares during the last quarter. Finally, Ruane Cunniff & Goldfarb L.P. increased its stake in Wayfair by 9.1% during the first quarter. Ruane Cunniff & Goldfarb L.P. now owns 3,440,017 shares of the company’s stock worth $381,085,000 after acquiring an additional 285,729 shares during the last quarter. 91.05% of the stock is currently owned by hedge funds and other institutional investors.
Wayfair Company Profile
Wayfair Inc engages in the e-commerce business in the United States and internationally. The company provides approximately thirty-three million products for the home sector under various brands. It offers online selections of furniture, décor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold brands.
- Get a free copy of the StockNews.com research report on Wayfair (W)
- Three Ways To Win The Online Gambling Industry
- Santa Claus Rally? Here’s What Needs to Happen
- Is Ardelyx is A Buy After Slip in Early 2022
- Will the Return of Bob Iger Return the Magic to Disney Stock?
- Is Tesla A Bargain Now As It Trades At Two-Year Lows?
Receive News & Ratings for Wayfair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wayfair and related companies with MarketBeat.com's FREE daily email newsletter.