IsWayfair LLC (NYSE:W) An Attractive Buy? Pacific Crest Initiates Coverage

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How Pacific Crest Currently Rates Wayfair LLC (NYSE:W)

Analysts at Pacific Crest began coverage on Wayfair LLC (NYSE:W) with “Sector Weight” rating. This was revealed to investors in recent note on Tuesday, 8 December.

From a total of 8 analysts covering Wayfair LLC (NYSE:W) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $73 while the lowest target price is $46. The mean of all analyst targets is $56.75 with a 12.57% above today’s ($45.84) stock price. Wayfair LLC was the topic of 11 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. Pacific Crest initiated shares on December 8 with “Sector Weight” rating. Evercore initiated shares with “Buy” rating and $45 target share price in a report from a July 31. OTR downgraded W stock in a recent report from October 2 to “Negative” rating. Finally, Zacks upgraded the stock to “Hold” rating in a report issued on an August 19.

The stock increased 2.44% or $1.09 on December 8, striking $45.84. Approximately 757,706 shares of stock traded hands. Wayfair Inc (NYSE:W) has risen 65.31% since May 6, 2015 and is uptrending. It has outperformed by 66.11% the S&P500.

The overall sentiment of institutions has increased to 1.67 in Q2 2015. Its up 0.03, from 1.64 in 2015Q2. The ratio is positive, as 26 institutions have sold all the shares of Wayfair Inc that they owned while 26 funds have taken shares off the table. 43 funds have purchased shares for the first time while 44 added to their positions. These institutions now hold 50.12 million shares or 12.31% more than the 44.63 million shares they owned in 2015Q2.

The Fund Great Hill Partners L.P. currently is holding shares equating to 100% of its total portfolio in Wayfair Inc representing a total of 7.16 million shares. Another fund,Harbourvest Partners Llc, is holding a total of 4.41 million shares equating to 68.35% of their holdings. Additionally, Battery Partners Ix Llc has a 3.84 million share stake in Wayfair Inc which represents 50.11% of their total portfolio. The Fund, Telemark Asset Management Llc, based out of Massachusetts, has also built up a stake in the stock, which represents a total of 10.73% of their total portfolio. Finally Weatherbie Capital Llc, a fund which is based in the state of Massachusetts reported a total holdings of 1.27 million shares.

Insider activity is a very important aspect to track on any stock. Going back to April 3, 2015, shareholders of Wayfair Inc have witnessed 0 insider buys, and a total of 82 selling transactions equating to a net activity of approximately $27.77 million . Savarese James sold 7,000 shares worth approximately $314,142. Macri Edmond sold 500 shares worth approximately $22,470. Mulliken John Champlin sold 1,580 shares worth approximately $71,100. Oblak Steve sold 600 shares worth approximately $25,152. The company insider Malone Nicholas sold 5,250 shares worth $207,795.

Wayfair Inc. is an online destination for the home. The company has a market cap of $3.76 billion. 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. It currently has negative earnings. The Firm offers a range of furniture, home furnishings, decor and goods.

According to Zacks Investment Research, “Wayfair Inc. engages in the e-commerce business. It offers bedroom, living room, kitchen and dining, home entertainment, home office, game room and bar, patio, hallway and entryway, and bathroom furniture. The Company operates under the Wayfair.com, Joss & Main, AllModern, DwellStudio, and Birch Lane brands. It offers products and services primarily in the United States. Wayfair LLC is headquartered in Boston, Massachusetts.” Get a free copy of the Zacks research report on Wayfair Inc (W).

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