Wayfair Inc. (NYSE:W) insider Steven Conine sold 813 shares of the firm’s stock in a transaction dated Monday, October 17th. The shares were sold at an average price of $35.20, for a total transaction of $28,617.60. Following the completion of the sale, the insider now owns 38,189 shares of the company’s stock, valued at approximately $1,344,252.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Steven Conine also recently made the following trade(s):
- On Monday, August 15th, Steven Conine sold 805 shares of Wayfair stock. The shares were sold at an average price of $39.39, for a total transaction of $31,708.95.
- On Monday, July 25th, Steven Conine sold 2,008 shares of Wayfair stock. The shares were sold at an average price of $40.10, for a total transaction of $80,520.80.
Wayfair Inc. (NYSE:W) traded up 1.93% during midday trading on Tuesday, reaching $36.42. 900,695 shares of the company’s stock traded hands. The company’s 50-day moving average price is $39.32 and its 200 day moving average price is $39.93. The stock’s market capitalization is $3.10 billion. Wayfair Inc. has a 52 week low of $28.85 and a 52 week high of $50.00.
Wayfair (NYSE:W) last posted its quarterly earnings data on Tuesday, August 9th. The company reported ($0.43) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.41) by $0.02. Wayfair had a negative net margin of 4.20% and a negative return on equity of 56.95%. The business had revenue of $755.70 million for the quarter, compared to the consensus estimate of $782.43 million. During the same quarter last year, the business posted ($0.15) EPS. The business’s revenue for the quarter was up 60.0% on a year-over-year basis. On average, equities research analysts expect that Wayfair Inc. will post ($1.67) earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA raised its stake in Wayfair by 112.9% in the third quarter. BNP Paribas Arbitrage SA now owns 2,629 shares of the company’s stock worth $104,000 after buying an additional 1,394 shares in the last quarter. BlackRock Inc. raised its stake in Wayfair by 70.0% in the second quarter. BlackRock Inc. now owns 2,689 shares of the company’s stock worth $105,000 after buying an additional 1,107 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in Wayfair during the second quarter worth approximately $107,000. Legal & General Group Plc raised its stake in Wayfair by 28.8% in the second quarter. Legal & General Group Plc now owns 3,810 shares of the company’s stock worth $149,000 after buying an additional 853 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in Wayfair by 42.4% in the second quarter. Teacher Retirement System of Texas now owns 3,905 shares of the company’s stock worth $152,000 after buying an additional 1,163 shares in the last quarter. 71.82% of the stock is owned by institutional investors.
Several brokerages recently commented on W. Maxim Group set a $49.00 price objective on shares of Wayfair and gave the company a “buy” rating in a research note on Tuesday, August 9th. Veritas Investment Research reiterated a “hold” rating on shares of Wayfair in a research note on Friday, August 5th. Zacks Investment Research upgraded shares of Wayfair from a “sell” rating to a “hold” rating in a research report on Wednesday, September 21st. Vetr cut shares of Wayfair from a “strong-buy” rating to a “buy” rating and set a $46.67 target price for the company. in a research report on Wednesday, June 22nd. Finally, Cowen and Company restated a “buy” rating and set a $61.00 target price on shares of Wayfair in a research report on Tuesday, June 21st. Fourteen investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $51.42.
Wayfair Company Profile
Wayfair Inc (Wayfair) offers browsing, merchandising, product discovery and prices for a range of products from suppliers across various brands, including Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The Company offers a range of furniture, home furnishings, decor and goods. Wayfair produces editorial content both in-house and through third parties.
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