Wayfair Inc. (NYSE:W) Short Interest Update

Wayfair Inc. (NYSE:W) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 14,730,000 shares, a decrease of 16.2% from the December 15th total of 17,580,000 shares. Based on an average trading volume of 4,500,000 shares, the short-interest ratio is presently 3.3 days.

Wall Street Analyst Weigh In

A number of research firms have issued reports on W. Robert W. Baird reduced their price objective on shares of Wayfair from $56.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. Stifel Nicolaus reduced their price target on shares of Wayfair from $55.00 to $47.00 and set a “hold” rating for the company in a report on Monday, November 4th. Piper Sandler decreased their price target on Wayfair from $67.00 to $63.00 and set an “overweight” rating for the company in a report on Monday, October 28th. Deutsche Bank Aktiengesellschaft dropped their price objective on Wayfair from $69.00 to $46.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $60.00 target price on shares of Wayfair in a research note on Friday, November 1st. Fourteen equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $60.24.

Insider Activity

In related news, insider Jon Blotner sold 5,669 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $42.83, for a total value of $242,803.27. Following the completion of the sale, the insider now directly owns 57,899 shares in the company, valued at $2,479,814.17. This represents a 8.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Steven Conine sold 30,000 shares of Wayfair stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $42.31, for a total value of $1,269,300.00. Following the transaction, the insider now directly owns 179,073 shares in the company, valued at $7,576,578.63. The trade was a 14.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 134,150 shares of company stock worth $6,250,114. Insiders own 23.50% of the company’s stock.

Hedge Funds Weigh In On Wayfair

A number of hedge funds have recently bought and sold shares of W. SG Americas Securities LLC raised its holdings in Wayfair by 277.4% in the 4th quarter. SG Americas Securities LLC now owns 12,591 shares of the company’s stock worth $558,000 after acquiring an additional 9,255 shares during the last quarter. Nisa Investment Advisors LLC raised its stake 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 purchasing an additional 2,250 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Wayfair during the fourth quarter valued at $229,000. Assenagon Asset Management S.A. purchased a new stake in shares of Wayfair during the fourth quarter valued at $6,799,000. Finally, GAMMA Investing LLC increased its holdings in Wayfair by 65.5% in the 4th quarter. GAMMA Investing LLC now owns 710 shares of the company’s stock worth $31,000 after buying an additional 281 shares in the last quarter. Institutional investors own 89.67% of the company’s stock.

Wayfair Price Performance

W stock traded up $1.71 during midday trading on Friday, hitting $45.02. The stock had a trading volume of 5,919,838 shares, compared to its average volume of 2,750,608. The business has a 50-day moving average of $45.67 and a two-hundred day moving average of $47.33. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of -10.03 and a beta of 3.43. Wayfair has a 52-week low of $37.35 and a 52-week high of $76.18.

Wayfair (NYSE:W) last posted its quarterly earnings data on Friday, November 1st. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.13 by $0.09. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the firm earned ($1.38) EPS. The company’s revenue was down 2.0% on a year-over-year basis. Research analysts predict that Wayfair will post -2.91 earnings per share for the current year.

Wayfair Company Profile

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.