Trading Report: The 400 Shares of Stock are sold by Wayfair Inc. (W) Insider Nicholas Malone

The 400 Shares of Stock are sold by Wayfair Inc. (W) Insider Nicholas Malone

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.

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