Wayfair Inc. (NYSE:W) Insider Sells $250,794.88 in Stock

Wayfair Inc. (NYSE:W) insider Jon Blotner sold 4,144 shares of Wayfair stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $60.52, for a total value of $250,794.88. Following the sale, the insider now owns 37,957 shares in the company, valued at $2,297,157.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Jon Blotner also recently made the following trade(s):

• On Thursday, April 4th, Jon Blotner sold 3,022 shares of Wayfair stock. The stock was sold at an average price of $64.94, for a total value of $196,248.68.
• On Tuesday, April 2nd, Jon Blotner sold 3,282 shares of Wayfair stock. The stock was sold at an average price of $63.10, for a total value of $207,094.20.
• On Monday, February 5th, Jon Blotner sold 3,492 shares of Wayfair stock. The shares were sold at an average price of $50.34, for a total value of $175,787.28.

Wayfair Price Performance

Shares of Wayfair stock traded down $0.75 during trading on Wednesday, hitting $54.60. The stock had a trading volume of 2,288,559 shares, compared to its average volume of 4,282,838. The firm has a market cap of $6.57 billion, a P/E ratio of -8.49 and a beta of 3.29. The business has a fifty day moving average of $59.25 and a two-hundred day moving average of $55.18. Wayfair Inc. has a fifty-two week low of $29.51 and a fifty-two week high of $90.71.

Wayfair (NYSE:W) last announced its quarterly earnings data on Thursday, February 22nd. The company reported ($1.46) earnings per share for the quarter, beating the consensus estimate of ($1.54) by $0.08. The firm had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.10 billion. As a group, research analysts forecast that Wayfair Inc. will post -3.37 earnings per share for the current year.

Analyst Ratings Changes

W has been the subject of a number of research analyst reports. Evercore ISI upgraded Wayfair from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $65.00 to $80.00 in a report on Thursday, April 4th. Wedbush reiterated an “outperform” rating and issued a $70.00 price target on shares of Wayfair in a report on Friday, February 23rd. StockNews.com upgraded Wayfair from a “sell” rating to a “hold” rating in a report on Friday, March 29th. Deutsche Bank Aktiengesellschaft boosted their price target on Wayfair from $63.00 to $79.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Finally, Loop Capital boosted their price target on Wayfair from $55.00 to $65.00 and gave the company a “hold” rating in a report on Tuesday, April 2nd. Ten investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.03.

Institutional Trading of Wayfair

Institutional investors have recently modified their holdings of the company. Riverview Trust Co acquired a new stake in shares of Wayfair during the first quarter worth $27,000. Quarry LP acquired a new stake in shares of Wayfair during the fourth quarter worth $28,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Wayfair during the fourth quarter worth $29,000. GAMMA Investing LLC acquired a new stake in shares of Wayfair during the fourth quarter worth $31,000. Finally, BluePath Capital Management LLC acquired a new stake in shares of Wayfair during the third quarter worth $34,000. Institutional investors and hedge funds own 89.67% of the company’s stock.

About Wayfair

Wayfair Inc provides e-commerce business in the United States and internationally. The company offers approximately thirty million products for the home sector. It offers online selections of furniture, décor, housewares, and home improvement products through its sites consisting of Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.