Wayfair Inc. (NYSE:W) insider Steven Conine sold 41,200 shares of Wayfair stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $67.87, for a total value of $2,796,244.00. Following the transaction, the insider now directly owns 260,270 shares of the company’s stock, valued at $17,664,524.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Steven Conine also recently made the following trade(s):

  • On Monday, August 28th, Steven Conine sold 14,400 shares of Wayfair stock. The shares were sold at an average price of $68.52, for a total value of $986,688.00.
  • On Wednesday, August 23rd, Steven Conine sold 40,000 shares of Wayfair stock. The shares were sold at an average price of $66.50, for a total value of $2,660,000.00.
  • On Wednesday, August 16th, Steven Conine sold 36,060 shares of Wayfair stock. The shares were sold at an average price of $70.57, for a total value of $2,544,754.20.
  • On Wednesday, July 26th, Steven Conine sold 55,000 shares of Wayfair stock. The shares were sold at an average price of $76.63, for a total value of $4,214,650.00.
  • On Monday, June 26th, Steven Conine sold 50,000 shares of Wayfair stock. The shares were sold at an average price of $75.94, for a total value of $3,797,000.00.
  • On Monday, June 5th, Steven Conine sold 45,000 shares of Wayfair stock. The shares were sold at an average price of $67.63, for a total value of $3,043,350.00.

Shares of Wayfair Inc. (NYSE:W) opened at 72.46 on Friday. The company has a 50-day moving average price of $73.02 and a 200-day moving average price of $58.84. Wayfair Inc. has a 12 month low of $27.60 and a 12 month high of $82.19. The firm’s market capitalization is $6.32 billion.

Wayfair (NYSE:W) last posted its earnings results on Tuesday, August 8th. The company reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.69) by $0.43. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.06 billion. Wayfair had a negative return on equity of 335.44% and a negative net margin of 5.10%. The business’s quarterly revenue was up 42.7% on a year-over-year basis. During the same period last year, the company earned ($0.43) earnings per share. Equities analysts forecast that Wayfair Inc. will post ($1.46) EPS for the current fiscal year.

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A number of brokerages have issued reports on W. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Wayfair in a report on Saturday, May 6th. Piper Jaffray Companies set a $87.00 price objective on Wayfair and gave the company a “buy” rating in a report on Saturday, July 1st. Ifs Securities began coverage on Wayfair in a report on Friday. They set an “outperform” rating for the company. Zacks Investment Research cut Wayfair from a “buy” rating to a “hold” rating in a report on Tuesday, May 16th. Finally, Buckingham Research reissued a “buy” rating and set a $95.00 price objective (up from $72.00) on shares of Wayfair in a report on Thursday, July 13th. They noted that the move was a valuation call. Ten analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $69.67.

A number of institutional investors have recently bought and sold shares of the stock. Spruce House Investment Management LLC purchased a new position in Wayfair during the first quarter valued at approximately $101,225,000. Columbia Wanger Asset Management LLC purchased a new position in Wayfair during the first quarter valued at approximately $42,729,000. Vanguard Group Inc. increased its position in Wayfair by 16.3% in the second quarter. Vanguard Group Inc. now owns 3,028,832 shares of the company’s stock valued at $232,857,000 after buying an additional 423,631 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in Wayfair during the second quarter valued at approximately $27,345,000. Finally, Eventide Asset Management LLC increased its position in Wayfair by 99.7% in the first quarter. Eventide Asset Management LLC now owns 699,000 shares of the company’s stock valued at $28,303,000 after buying an additional 349,000 shares in the last quarter.

About Wayfair

Wayfair Inc (Wayfair) offers browsing, merchandising and product discovery for a range of products from various suppliers. The Company operates through two segments: U.S. and International. The U.S. segment consists of amounts earned through product sales through the Company’s five sites in the United States and through sites operated by third parties in the United States.

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

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