Wayfair Inc. (NYSE:W) CFO Michael D. Fleisher sold 2,038 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $39.60, for a total transaction of $80,704.80. Following the completion of the transaction, the chief financial officer now directly owns 28,695 shares of the company’s stock, valued at approximately $1,136,322. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Wayfair Inc. (NYSE:W) opened at 42.06 on Wednesday. Wayfair Inc. has a 1-year low of $28.85 and a 1-year high of $50.00. The stock’s 50 day moving average is $40.27 and its 200 day moving average is $40.38. The stock’s market capitalization is $3.57 billion.

Wayfair (NYSE:W) last announced its quarterly earnings data on Tuesday, August 9th. The company reported ($0.43) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.41) by $0.02. Wayfair had a negative net margin of 4.20% and a negative return on equity of 56.95%. The firm earned $755.70 million during the quarter, compared to analyst estimates of $782.43 million. During the same quarter in the previous year, the business posted ($0.15) earnings per share. Wayfair’s revenue for the quarter was up 60.0% compared to the same quarter last year. On average, equities analysts forecast that Wayfair Inc. will post ($1.67) EPS for the current year.

Large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in shares of Wayfair by 70.0% in the second quarter. BlackRock Inc. now owns 2,689 shares of the company’s stock worth $105,000 after buying an additional 1,107 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in shares of Wayfair during the second quarter valued at approximately $107,000. Legal & General Group Plc raised its stake in shares of Wayfair by 46.8% in the first quarter. Legal & General Group Plc now owns 2,957 shares of the company’s stock valued at $124,000 after buying an additional 943 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of Wayfair by 42.4% in the second quarter. Teacher Retirement System of Texas now owns 3,905 shares of the company’s stock valued at $152,000 after buying an additional 1,163 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Wayfair during the first quarter valued at approximately $291,000. Institutional investors and hedge funds own 71.84% of the company’s stock.

W has been the subject of a number of recent research reports. Goldman Sachs Group Inc. downgraded shares of Wayfair from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $46.00 to $43.00 in a research note on Wednesday, August 10th. Veritas Investment Research reaffirmed a “hold” rating on shares of Wayfair in a research report on Friday, August 5th. Zacks Investment Research downgraded Wayfair from a “buy” rating to a “sell” rating in a research report on Saturday, August 13th. Pacific Crest reaffirmed an “equal weight” rating on shares of Wayfair in a research report on Sunday, August 14th. Finally, Maxim Group began coverage on Wayfair in a research report on Thursday, May 26th. They set a “buy” rating and a $50.00 price target on the stock. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $51.49.

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.

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