Wayfair Inc. (NYSE:W) insider Nicholas Malone sold 400 shares of the business’s stock in a transaction that occurred on Friday, October 7th. The stock was sold at an average price of $39.32, for a total value of $15,728.00. Following the completion of the sale, the insider now owns 13,631 shares of the company’s stock, valued at approximately $535,970.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Nicholas Malone also recently made the following trade(s): On Monday, October 3rd, Nicholas Malone sold 245 shares of Wayfair stock. The stock was sold at an average price of $38.40, for a total value of $9,408.00. On Wednesday, September 7th, Nicholas Malone sold 6,400 shares of Wayfair stock. The stock was sold at an average price of $43.06, for a total value of $275,584.00.
Wayfair Inc. (NYSE:W) opened at 36.59 on Thursday. The company’s market capitalization is $3.11 billion. The stock’s 50 day moving average price is $39.54 and its 200-day moving average price is $40.08. Wayfair Inc. has a one year low of $28.85 and a one year high of $50.00.
Wayfair (NYSE:W) last issued its quarterly earnings results on Tuesday, August 9th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.41) by $0.02. Wayfair had a negative return on equity of 56.95% and a negative net margin of 4.20%. The business had revenue of $755.70 million for the quarter, compared to the consensus estimate of $782.43 million. During the same period in the prior year, the business posted ($0.15) earnings per share. Wayfair’s revenue was up 60.0% on a year-over-year basis. Equities analysts forecast that Wayfair Inc. will post ($1.67) EPS for the current year.
Several large investors have recently modified their holdings of the company. California State Teachers Retirement System raised its stake in shares of Wayfair by 55.5% in the second quarter. California State Teachers Retirement System now owns 66,142 shares of the company’s stock worth $2,580,000 after buying an additional 23,610 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Wayfair by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 124,005 shares of the company’s stock worth $4,836,000 after buying an additional 422 shares in the last quarter. Capital Fund Management S.A. acquired a new stake in shares of Wayfair during the second quarter worth about $524,000. Calamos Advisors LLC raised its stake in shares of Wayfair by 20.1% in the second quarter. Calamos Advisors LLC now owns 15,898 shares of the company’s stock worth $620,000 after buying an additional 2,662 shares in the last quarter. Finally, Ruane Cunniff & Goldfarb Inc. acquired a new stake in shares of Wayfair during the second quarter worth about $4,961,000. 71.84% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have commented on W. Vetr raised Wayfair from a “buy” rating to a “strong-buy” rating and set a $42.28 price target on the stock in a research note on Wednesday, September 14th. Zacks Investment Research cut Wayfair from a “hold” rating to a “sell” rating in a research note on Thursday, September 15th. Canaccord Genuity reaffirmed a “buy” rating and issued a $55.00 price target on shares of Wayfair in a research note on Tuesday, October 4th. Goldman Sachs Group Inc. cut Wayfair from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $46.00 to $43.00 in a research note on Wednesday, August 10th. Finally, Pacific Crest reissued an “equal weight” rating on shares of Wayfair in a research note on Sunday, August 14th. Fourteen research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $51.42.
Wayfair Company Profile