Vetr downgraded shares of Wayfair Inc (NYSE:W) from a strong-buy rating to a buy rating in a research note published on Wednesday morning, ARN reports. Vetr currently has $44.85 target price on the stock.

Other analysts also recently issued reports about the company. Cowen and Company reiterated a buy rating on shares of Wayfair in a research report on Monday, November 2nd. SunTrust began coverage on Wayfair in a research report on Monday, December 21st. They set a neutral rating and a $53.00 target price for the company. Robert W. Baird began coverage on Wayfair in a research report on Wednesday, January 6th. They set a neutral rating and a $50.00 target price for the company. Citigroup Inc. reiterated a hold rating and set a $51.00 target price (up from $46.00) on shares of Wayfair in a research report on Tuesday, December 22nd. Finally, Raymond James upgraded Wayfair from an outperform rating to a strong-buy rating and set a $60.00 target price for the company in a research report on Tuesday, November 10th. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Wayfair currently has a consensus rating of Buy and an average target price of $49.82.

In other news, SVP Steve Oblak sold 600 shares of the firm’s stock in a transaction that occurred on Monday, December 7th. The stock was sold at an average price of $41.93, for a total value of $25,158.00. Following the transaction, the senior vice president now owns 82,813 shares in the company, valued at $3,472,349.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Harbourvest Partners 2007 Dire sold 63,184 shares of the firm’s stock in a transaction that occurred on Monday, November 23rd. The shares were sold at an average price of $39.82, for a total value of $2,515,986.88. The disclosure for this sale can be found here.

Shares of Wayfair (NYSE:W) traded up 1.4485% during mid-day trading on Wednesday, reaching $44.8301. The company had a trading volume of 709,092 shares. The firm’s 50-day moving average price is $44.81 and its 200 day moving average price is $40.55. The company’s market cap is $3.77 billion. Wayfair has a 52-week low of $18.12 and a 52-week high of $56.84.

Wayfair (NYSE:W) last released its earnings results on Tuesday, November 10th. The company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.11. During the same quarter in the previous year, the company posted ($0.29) earnings per share. The company had revenue of $594 million for the quarter, compared to the consensus estimate of $521.24 million. The business’s revenue was up 76.7% compared to the same quarter last year. Equities analysts expect that Wayfair will post ($0.62) EPS for the current year.

Wayfair Inc. (NYSE:W) is an online destination for the home. Through its e-commerce business model, the Company offers browsing, merchandising, product discovery and prices for over seven million products from over 7,000 suppliers across five brands: Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The Company offers a range of furniture, home furnishings, decor and goods. Wayfair.com is its flagship mass market brand that focuses on offering a range of home furnishings and decor. Joss & Main is the Company’s online flash sales site. AllModern is an online destination for original design for home enthusiasts. DwellStudio is an online design studio for home furnishings. Birch Lane is a new destination for home designs. Wayfair also generates revenues online through its retail partners. Wayfair Media Solutions helps selected manufacturers, retailers and other advertisers market to its consumer audience.

12 Month Chart for NYSE:W

To view Vetr’s full report, visit Vetr’s official website.

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