Wayfair (NYSE:W) Price Target Cut to $83.00 by Analysts at Needham & Company LLC

Wayfair (NYSE:W) had its target price lowered by Needham & Company LLC from $125.00 to $83.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s price objective indicates a potential upside of 29.09% from the company’s previous close.

W has been the subject of a number of other reports. Jefferies Financial Group decreased their target price on shares of Wayfair from $86.00 to $70.00 and set a “hold” rating for the company in a research note on Thursday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Wayfair in a research note on Monday, April 20th. The Goldman Sachs Group set a $92.00 target price on shares of Wayfair in a research note on Friday, February 20th. TD Cowen set a $75.00 target price on shares of Wayfair in a research note on Thursday. Finally, Wedbush reduced their price objective on Wayfair from $100.00 to $85.00 and set a “neutral” rating for the company in a research note on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $100.90.

Wayfair Trading Down 12.2%

W stock opened at $64.30 on Friday. The stock has a market capitalization of $8.41 billion, a PE ratio of -26.46, a price-to-earnings-growth ratio of 6.14 and a beta of 3.30. Wayfair has a 12-month low of $29.68 and a 12-month high of $119.98. The stock’s 50 day simple moving average is $75.42 and its 200 day simple moving average is $91.43.

Wayfair (NYSE:W) last released its quarterly earnings data on Thursday, February 19th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.21. The business had revenue of $3.34 billion for the quarter, compared to analysts’ expectations of $3.30 billion. Wayfair had a negative return on equity of 1.52% and a negative net margin of 2.51%.The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.25) EPS. On average, research analysts predict that Wayfair will post 0.4 earnings per share for the current year.

Insider Transactions at Wayfair

In other news, CEO Niraj Shah sold 6,137 shares of the company’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $78.62, for a total value of $482,490.94. Following the completion of the sale, the chief executive officer directly owned 429,137 shares in the company, valued at $33,738,750.94. This represents a 1.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven Conine sold 7,139 shares of the company’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $78.55, for a total value of $560,768.45. Following the completion of the sale, the director owned 429,073 shares of the company’s stock, valued at $33,703,684.15. This trade represents a 1.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 703,785 shares of company stock worth $54,004,173 in the last three months. Corporate insiders own 18.44% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of W. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Wayfair by 29.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,023 shares of the company’s stock worth $2,147,000 after buying an additional 15,084 shares during the period. Prudential Financial Inc. boosted its holdings in Wayfair by 30.4% in the 2nd quarter. Prudential Financial Inc. now owns 7,328 shares of the company’s stock worth $375,000 after buying an additional 1,710 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Wayfair by 12.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,462 shares of the company’s stock worth $126,000 after buying an additional 270 shares during the period. M&T Bank Corp bought a new position in Wayfair in the 2nd quarter worth $262,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Wayfair by 393.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 819 shares of the company’s stock worth $42,000 after buying an additional 653 shares during the period. Institutional investors own 89.67% of the company’s stock.

Key Headlines Impacting Wayfair

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Q1 revenue grew ~7.4% to $2.9B and Wayfair reported customer growth and market?share gains, signaling demand resilience versus the broader furniture category. PR Newswire — Q1 Results
• Positive Sentiment: Analyst/coverage notes highlighted margin recovery and strong adjusted?EBITDA growth (management is cutting ad spend while expanding share), giving some investors a buy/upgrade thesis on the post?selloff dip. Seeking Alpha — Upgrade/Thesis
• Positive Sentiment: Management cites use of AI and influencer marketing to outperform category headwinds — a strategic initiative that could support revenue and lower acquisition costs over time. PYMNTS — AI & Influencers
• Neutral Sentiment: Reported EPS and key metrics are being read differently across outlets — some show EPS roughly in line with consensus while others call out a profit miss on certain measures; the underlying trend shows improving margins but mixed headline optics. Zacks — EPS Comparison
• Neutral Sentiment: Institutional positioning updates: Bares Capital remains a long?term holder but trimmed its position — a mixed signal on conviction from a notable investor. InsiderMonkey — Bares Capital Trim
• Negative Sentiment: Several outlets emphasize a “choppy” furniture market and flagged that profits missed or were weaker than the headline revenue print, driving investor concern about near?term demand. Seeking Alpha — Slides After Q1
• Negative Sentiment: Jefferies cut Wayfair’s price target to $70 and moved to a “hold,” signaling analyst caution and reducing upside expectations for the stock. TickerReport/Benzinga — Jefferies PT Cut
• Negative Sentiment: Insider selling: a director sold roughly $8.7M of stock, a near?term negative catalyst for sentiment even if it may be routine. American Banking News — Director Sale
• Negative Sentiment: Wide media coverage and analyst notes focused on the mixed print have amplified selling pressure despite operational positives, contributing to the share price decline. Benzinga — Market Reaction

About Wayfair

Wayfair Inc (NYSE: W) is an e-commerce company focused on home furnishings and décor. Through its platform, Wayfair offers a broad assortment of furniture, lighting, home textiles, kitchenware and decorative accessories. The company’s portfolio includes flagship sites such as Wayfair.com, as well as specialty retail brands like Joss & Main, AllModern, Birch Lane and Perigold, each catering to distinct design styles and price points.

Founded in 2002 by Niraj Shah and Steve Conine under the name CSN Stores, the business rebranded as Wayfair in 2011 and went public in 2014.