Wayfair Inc (NYSE:W) insider Jeremy Delinsky sold 1,948 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $40.59, for a total transaction of $79,069.32. Following the transaction, the insider now directly owns 71,036 shares in the company, valued at $2,883,351.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Wayfair Inc (NYSE:W) traded up 0.75% during midday trading on Friday, reaching $45.96. 491,160 shares of the company’s stock traded hands. Wayfair Inc has a 52-week low of $27.60 and a 52-week high of $49.34. The stock has a 50 day moving average of $39.94 and a 200-day moving average of $38.24. The stock’s market cap is $3.95 billion.
Wayfair (NYSE:W) last announced its quarterly earnings data on Thursday, February 23rd. The company reported ($0.34) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.50) by $0.16. The company had revenue of $985 million for the quarter, compared to analysts’ expectations of $971.20 million. Wayfair had a negative return on equity of 91.94% and a negative net margin of 5.29%. Wayfair’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.07) EPS. On average, equities research analysts expect that Wayfair Inc will post ($1.63) EPS for the current year.
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Institutional investors have recently made changes to their positions in the stock. State of New Jersey Common Pension Fund D boosted its position in shares of Wayfair by 19.8% in the third quarter. State of New Jersey Common Pension Fund D now owns 848,000 shares of the company’s stock worth $33,386,000 after buying an additional 140,000 shares in the last quarter. Kalmar Investments Inc. DE purchased a new position in shares of Wayfair during the third quarter worth $1,851,000. Wells Fargo & Company MN boosted its position in shares of Wayfair by 9.9% in the third quarter. Wells Fargo & Company MN now owns 26,112 shares of the company’s stock worth $1,028,000 after buying an additional 2,351 shares in the last quarter. Northeast Investment Management boosted its position in shares of Wayfair by 2.7% in the third quarter. Northeast Investment Management now owns 145,906 shares of the company’s stock worth $5,744,000 after buying an additional 3,767 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Wayfair by 15,800.0% in the third quarter. PNC Financial Services Group Inc. now owns 15,900 shares of the company’s stock worth $626,000 after buying an additional 15,800 shares in the last quarter. 70.53% of the stock is currently owned by institutional investors.
Several analysts have commented on the stock. Stephens assumed coverage on shares of Wayfair in a research report on Tuesday, March 14th. They issued an “overweight” rating and a $47.00 target price for the company. Canaccord Genuity reissued a “buy” rating on shares of Wayfair in a research report on Tuesday, February 7th. Raymond James Financial, Inc. downgraded shares of Wayfair from an “outperform” rating to a “market perform” rating in a research report on Friday, February 24th. They noted that the move was a valuation call. Wedbush boosted their price objective on shares of Wayfair from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 15th. Finally, Piper Jaffray Companies began coverage on shares of Wayfair in a research note on Friday, March 3rd. They issued an “overweight” rating and a $51.00 price objective for the company. Fourteen investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Wayfair presently has an average rating of “Hold” and a consensus price target of $44.23.
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.
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