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Wayfair (US:W) Stock Outperform Rating Reiterated at Wedbush; The Target is Set to $55.0

Wedbush Analyst Rating Change Wayfair US:W

Wayfair (US:W) Rating Restated

In a research report shared with investors and clients on Wednesday, 3 May, Wayfair (US:W) stock had its Outperform Rating reaffirmed by professional analysts at Wedbush. They currently have a $55.0 target on firm. Wedbush’s target would suggest a potential upside of 12.24 % from the company’s last stock close price.

US:W is right now trading 0.00% lower at $49.00 as of 12:01 AM New York time. Wayfair’s stock is 0% over the last 200 days. It has underperformed the S&P500 Index, which has increased 10.61% over the same time.

According to data compiled by Thomson Reuters, Wayfair (US:W)’s stock is covered by 13 equity analysts across the Street, with 0 analysts giving it a Sell rating, 0 a Buy rating, while 0 consider it a Hold. The 12-month consensus target price for the stock is $54.08, which reflects an upside potential of 10.37% over the current price.

W Stock Chart

Institutional Ownership

Great Hill Partners L.P. had the largest stake with ownership of 6.66 million shares as of Q2 2015 for 100% of the portfolio. Harbourvest Partners Llc is another bull as the active investment manager who is owning 3.84 million shares of Wayfair or 83.54% of their portfolio. Furthermore, Battery Partners Ix Llc have 41.44% of their portfolio invested in the company for 2.22 million shares. The Florida-based fund Smith Thomas W disclosed it had acquired so far a stake worth about 9.35% of the active investment manager’s stock portfolio in Wayfair. The Massachusetts-based fund Telemark Asset Management Llc is also positive about the stock, possessing 224,900 shares or 5.72% of their portfolio.

Wayfair (US:W) Profile

Wayfair Inc. (Wayfair) offers browsing, merchandising and product discovery for a range of products from various suppliers. The Company operates through two segments: U.S. and International. The U.S. segment consists of amounts earned through product sales through the Company’s five sites in the United States and through sites operated by third parties in the United States.

Wayfair (US:W) closed at $49 yesterday. A total of shares of the company’s stock traded hands. This is down from average of 1.03M shares. Wayfair has a 52 week low of $27.60 and a 52 week high of $49.75. The company has a market cap of $4.41B and a P/E ratio of 0.

Get the latest Wayfair (US:W) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Wayfair (US:W) Stock Outperform Rating Reiterated at Wedbush; The Target is Set to $55.0 appeared first on Octafinance.

This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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Wayfair (US:W) Stock Outperform Rating Reiterated at Wedbush; The Target is Set to $55.0


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