Wayfair Inc. (NYSE:W) insider Nicholas Malone sold 400 shares of the business’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $33.00, for a total value of $13,200.00. Following the sale, the insider now owns 15,209 shares in the company, valued at approximately $501,897. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Nicholas Malone also recently made the following trade(s):

  • On Friday, October 7th, Nicholas Malone sold 400 shares of Wayfair stock. The stock was sold at an average price of $39.32, for a total value of $15,728.00.
  • 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.

Shares of Wayfair Inc. (NYSE:W) opened at 35.75 on Monday. The stock has a 50 day moving average price of $36.33 and a 200-day moving average price of $39.00. Wayfair Inc. has a 52-week low of $27.60 and a 52-week high of $50.00. The stock’s market capitalization is $3.05 billion.

Wayfair (NYSE:W) last announced its quarterly earnings data 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 company had revenue of $861.50 million for the quarter, compared to analyst estimates of $849.42 million. During the same quarter in the previous year, the company earned ($0.13) EPS. The firm’s revenue for the quarter was up 45.0% compared to the same quarter last year. On average, equities research analysts predict that Wayfair Inc. will post ($1.84) EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Wayfair (NYSE:W)

Large investors have recently made changes to their positions in the stock. Samlyn Capital LLC bought a new stake in Wayfair during the first quarter worth about $31,237,000. Goldman Sachs Group Inc. increased its stake in Wayfair by 23.4% in the first quarter. Goldman Sachs Group Inc. now owns 50,569 shares of the company’s stock worth $2,185,000 after buying an additional 9,595 shares during the last quarter. Hennessy Advisors Inc. increased its stake in Wayfair by 2.9% in the second quarter. Hennessy Advisors Inc. now owns 848,327 shares of the company’s stock worth $33,085,000 after buying an additional 24,180 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in Wayfair by 27.0% in the first quarter. TIAA CREF Investment Management LLC now owns 144,046 shares of the company’s stock worth $6,226,000 after buying an additional 30,651 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in Wayfair by 4.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 555,160 shares of the company’s stock worth $23,994,000 after buying an additional 25,347 shares during the last quarter. 71.49% of the stock is currently owned by institutional investors.

A number of brokerages have recently commented on W. Bank of America Corp. downgraded Wayfair from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $54.00 to $45.00 in a research note on Wednesday, August 10th. Vetr upgraded Wayfair from a “buy” rating to a “strong-buy” rating and set a $42.28 target price on the stock in a research note on Thursday, August 18th. Maxim Group set a $49.00 target price on Wayfair and gave the stock a “buy” rating in a research note on Tuesday, August 9th. Zacks Investment Research upgraded Wayfair from a “sell” rating to a “hold” rating in a research note on Wednesday, August 24th. Finally, KeyCorp restated a “hold” rating on shares of Wayfair in a research note on Tuesday, November 8th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Wayfair currently has a consensus rating of “Hold” and an average target price 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.

5 Day Chart for NYSE:W

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