Wayfair Inc. (NYSE:W) CFO Michael D. Fleisher sold 4,608 shares of Wayfair stock in a transaction on Monday, November 21st. The shares were sold at an average price of $33.50, for a total transaction of $154,368.00. Following the completion of the sale, the chief financial officer now directly owns 45,852 shares of the company’s stock, valued at approximately $1,536,042. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Wayfair Inc. (NYSE:W) traded up 3.93% on Tuesday, reaching $34.92. The company’s stock had a trading volume of 1,351,991 shares. The stock’s market cap is $2.99 billion. The stock has a 50-day moving average of $35.45 and a 200-day moving average of $38.95. Wayfair Inc. has a one year low of $27.60 and a one year high of $50.00.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. increased its position in shares of 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 during the last quarter. Wedbush Securities Inc. increased its position in Wayfair by 2.9% in the third quarter. Wedbush Securities Inc. now owns 10,672 shares of the company’s stock worth $420,000 after buying an additional 300 shares in the last quarter. Bank of New York Mellon Corp increased its position in 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. BlackRock Inc. increased its position in Wayfair by 17.3% in the third quarter. BlackRock Inc. now owns 3,153 shares of the company’s stock worth $124,000 after buying an additional 464 shares in the last quarter. Finally, Teachers Advisors Inc. increased its position in Wayfair by 2.3% in the first quarter. Teachers Advisors Inc. now owns 30,241 shares of the company’s stock worth $1,307,000 after buying an additional 691 shares in the last quarter. 70.75% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on the company. Goldman Sachs Group Inc. cut Wayfair from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $46.00 to $43.00 in a research note on Wednesday, August 10th. Veritas Investment Research restated a “hold” rating on shares of Wayfair in a research note on Friday, August 5th. Zacks Investment Research cut Wayfair from a “buy” rating to a “sell” rating in a research note on Saturday, August 13th. Pacific Crest restated an “equal weight” rating on shares of Wayfair in a research note on Sunday, August 14th. Finally, Vetr cut Wayfair from a “strong-buy” rating to a “buy” rating and set a $42.28 price objective on the stock. in a research note on Friday, August 12th. Fourteen analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Wayfair currently has a consensus rating of “Hold” and an average price target of $51.15.

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Wayfair Company Profile

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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