Today: Today, Insider Selling: Wayfair Inc. (W) Insider Sold $19,962.00 in Stock

Today, Insider Selling: Wayfair Inc. (W) Insider Sold $19,962.00 in Stock

Wayfair Inc. (NYSE:W) insider Edmond Macri sold 600 shares of the business’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $33.27, for a total value of $19,962.00. Following the sale, the insider now owns 3,760 shares of the company’s stock, valued at approximately $125,095.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Edmond Macri also recently made the following trade(s): On Tuesday, November 15th, Edmond Macri sold 1,603 shares of Wayfair stock. The stock was sold at an average price of $36.00, for a total value of $57,708.00. On Tuesday, November 8th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $29.25, for a total value of $17,550.00. On Tuesday, November 1st, Edmond Macri sold 837 shares of Wayfair stock. The stock was sold at an average price of $33.21, for a total value of $27,796.77. On Tuesday, October 25th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $36.58, for a total value of $21,948.00. On Tuesday, October 18th, Edmond Macri sold 1,552 shares of Wayfair stock. The stock was sold at an average price of $35.63, for a total value of $55,297.76. On Tuesday, October 11th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $37.27, for a total value of $22,362.00. On Tuesday, October 4th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $38.80, for a total value of $23,280.00. On Tuesday, September 27th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $41.40, for a total value of $24,840.00. On Tuesday, September 20th, Edmond Macri sold 600 shares of Wayfair stock. The stock was sold at an average price of $41.66, for a total value of $24,996.00. On Thursday, September 15th, Edmond Macri sold 3,905 shares of Wayfair stock. The stock was sold at an average price of $39.58, for a total value of $154,559.90.

Shares of Wayfair Inc. (NYSE:W) opened at 35.0559 on Friday. The stock’s 50 day moving average price is $35.25 and its 200 day moving average price is $38.92. Wayfair Inc. has a one year low of $27.60 and a one year high of $50.00. The stock’s market capitalization is $3.00 billion.

Wayfair (NYSE:W) last released its quarterly earnings results on Tuesday, November 8th. The company reported ($0.54) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.59) by $0.05. Wayfair had a negative return on equity of 91.94% and a negative net margin of 5.29%. The firm earned $861.50 million during the quarter, compared to analysts’ expectations of $849.42 million. During the same period last year, the firm posted ($0.13) EPS. The business’s revenue was up 45.0% on a year-over-year basis. On average, analysts forecast that Wayfair Inc. will post ($1.84) EPS for the current year.

Large investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. boosted its stake in Wayfair by 9.2% in the third quarter. Pacer Advisors Inc. now owns 2,562 shares of the company’s stock worth $101,000 after buying an additional 216 shares in the last quarter. BNP Paribas Arbitrage SA boosted 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. boosted 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. acquired a new stake in Wayfair during the second quarter worth $107,000. Finally, Legal & General Group Plc boosted 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. 70.75% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently commented on W. Zacks Investment Research raised Wayfair from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Thursday, August 11th. Oppenheimer Holdings Inc. reissued a “sector perform” rating on shares of Wayfair in a research report on Sunday, August 14th. KeyCorp reissued a “hold” rating on shares of Wayfair in a research report on Tuesday, November 8th. 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 report on Thursday, August 18th. Finally, Wedbush cut their target price on Wayfair from $60.00 to $55.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 10th. Fourteen research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $51.15.

About Wayfair

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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