Insider Selling: Wayfair Inc. (NYSE:W) COO Sells 3,339 Shares of Stock

Wayfair Inc. (NYSE:WGet Free Report) COO Thomas Netzer sold 3,339 shares of Wayfair stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $63.03, for a total value of $210,457.17. Following the transaction, the chief operating officer now directly owns 143,097 shares in the company, valued at $9,019,403.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Thomas Netzer also recently made the following trade(s):

  • On Monday, March 18th, Thomas Netzer sold 984 shares of Wayfair stock. The stock was sold at an average price of $60.58, for a total value of $59,610.72.
  • On Friday, March 1st, Thomas Netzer sold 20,000 shares of Wayfair stock. The stock was sold at an average price of $59.72, for a total value of $1,194,400.00.

Wayfair Stock Performance

Shares of W opened at $62.41 on Thursday. The firm has a market cap of $7.51 billion, a PE ratio of -9.57 and a beta of 3.29. The firm’s 50 day moving average price is $57.58 and its 200 day moving average price is $55.16. Wayfair Inc. has a twelve month low of $29.51 and a twelve month high of $90.71.

Wayfair (NYSE:WGet Free Report) last posted its earnings results on Thursday, February 22nd. The company reported ($1.46) EPS for the quarter, topping the consensus estimate of ($1.54) by $0.08. The business had revenue of $3.11 billion during the quarter, compared to the consensus estimate of $3.10 billion. On average, sell-side analysts anticipate that Wayfair Inc. will post -3.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on W shares. Truist Financial lowered their target price on Wayfair from $65.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, February 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $75.00 price target on shares of Wayfair in a research report on Thursday, February 22nd. Barclays decreased their price target on Wayfair from $85.00 to $60.00 and set an “equal weight” rating for the company in a research report on Thursday, January 4th. Citigroup increased their price target on Wayfair from $73.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Finally, BMO Capital Markets began coverage on Wayfair in a research report on Tuesday, January 9th. They issued a “market perform” rating and a $57.00 price target for the company. Eleven research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $75.52.

Check Out Our Latest Research Report on Wayfair

Institutional Trading of Wayfair

Large investors have recently added to or reduced their stakes in the business. Quarry LP bought a new stake in Wayfair in the fourth quarter worth approximately $28,000. McGlone Suttner Wealth Management Inc. bought a new stake in Wayfair in the fourth quarter worth approximately $29,000. GAMMA Investing LLC bought a new stake in Wayfair in the fourth quarter worth approximately $31,000. BluePath Capital Management LLC bought a new stake in Wayfair in the third quarter worth approximately $34,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in Wayfair in the third quarter worth approximately $34,000. 89.67% of the stock is owned by institutional investors.

About Wayfair

(Get Free Report)

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.

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

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