Wayfair Inc. (NYSE:W - Get Free Report) insider Jon Blotner sold 19,257 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $31.68, for a total value of $610,061.76. Following the sale, the insider now owns 78,308 shares in the company, valued at $2,480,797.44. The trade was a 19.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Jon Blotner also recently made the following trade(s):
- On Monday, January 13th, Jon Blotner sold 5,669 shares of Wayfair stock. The stock was sold at an average price of $42.83, for a total value of $242,803.27.
- On Monday, January 6th, Jon Blotner sold 4,521 shares of Wayfair stock. The shares were sold at an average price of $46.88, for a total transaction of $211,944.48.
- On Friday, January 3rd, Jon Blotner sold 4,966 shares of Wayfair stock. The stock was sold at an average price of $44.93, for a total transaction of $223,122.38.
Wayfair Price Performance
NYSE W opened at $33.70 on Thursday. Wayfair Inc. has a fifty-two week low of $28.47 and a fifty-two week high of $76.18. The stock's 50-day moving average is $40.41 and its two-hundred day moving average is $45.01. The firm has a market cap of $4.28 billion, a P/E ratio of -8.38 and a beta of 3.44.
Wayfair (NYSE:W - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.96) earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($1.01). The company had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.07 billion. On average, equities analysts expect that Wayfair Inc. will post -2.54 EPS for the current year.
Wall Street Analyst Weigh In
W has been the subject of several recent analyst reports. Loop Capital decreased their target price on shares of Wayfair from $55.00 to $45.00 and set a "hold" rating for the company in a research report on Friday, February 21st. Wedbush restated a "neutral" rating and issued a $46.00 target price (up from $44.00) on shares of Wayfair in a research report on Friday, February 21st. Guggenheim reiterated a "buy" rating and set a $60.00 price target on shares of Wayfair in a research report on Monday, March 10th. Truist Financial lowered their price target on Wayfair from $55.00 to $53.00 and set a "buy" rating on the stock in a report on Friday, February 21st. Finally, Raymond James set a $60.00 price objective on shares of Wayfair and gave the company a "strong-buy" rating in a research note on Friday, February 21st. Fourteen analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Wayfair has a consensus rating of "Moderate Buy" and an average target price of $56.81.
Check Out Our Latest Stock Report on Wayfair
Hedge Funds Weigh In On Wayfair
A number of institutional investors have recently modified their holdings of W. True Wealth Design LLC boosted its holdings in shares of Wayfair by 207.1% during the 4th quarter. True Wealth Design LLC now owns 565 shares of the company's stock worth $25,000 after buying an additional 381 shares during the period. J.Safra Asset Management Corp lifted its position in Wayfair by 71.3% during the 4th quarter. J.Safra Asset Management Corp now owns 586 shares of the company's stock worth $26,000 after acquiring an additional 244 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Wayfair by 577.0% during the fourth quarter. Jones Financial Companies Lllp now owns 589 shares of the company's stock valued at $26,000 after acquiring an additional 502 shares during the period. GAMMA Investing LLC boosted its holdings in Wayfair by 65.5% during the fourth quarter. GAMMA Investing LLC now owns 710 shares of the company's stock valued at $31,000 after acquiring an additional 281 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Wayfair in the fourth quarter valued at about $41,000. Institutional investors own 89.67% of the company's stock.
About Wayfair
(
Get Free Report)
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.
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