Insider Selling: Wayfair Inc (NYSE:W) COO Sells 1,000 Shares of Stock
Wayfair Inc (NYSE:W) COO Thomas Netzer sold 1,000 shares of the company’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $250.00, for a total transaction of $250,000.00. Following the transaction, the chief operating officer now owns 13,772 shares of the company’s stock, valued at approximately $3,443,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
NYSE:W opened at $266.09 on Friday. The stock has a market capitalization of $25.18 billion, a P/E ratio of -23.14 and a beta of 3.37. The company has a 50 day moving average price of $213.24 and a 200 day moving average price of $130.28. Wayfair Inc has a fifty-two week low of $21.70 and a fifty-two week high of $267.43.
Wayfair (NYSE:W) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($2.30) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($2.60) by $0.30. The company had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.31 billion. The business’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same period in the previous year, the business posted ($1.62) EPS. On average, equities analysts predict that Wayfair Inc will post -6.14 earnings per share for the current year.
A number of research firms have commented on W. Barclays increased their price objective on shares of Wayfair from $56.00 to $153.00 and gave the company an “underweight” rating in a report on Thursday, May 7th. Zacks Investment Research downgraded shares of Wayfair from a “buy” rating to a “hold” rating and set a $234.00 price objective for the company. in a report on Monday, July 27th. Cowen increased their price objective on shares of Wayfair from $100.00 to $200.00 and gave the company an “outperform” rating in a report on Wednesday, May 6th. Stifel Nicolaus downgraded shares of Wayfair from a “hold” rating to a “sell” rating and increased their price objective for the company from $115.00 to $135.00 in a report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Wayfair from $63.00 to $135.00 and gave the company an “underweight” rating in a report on Wednesday, May 6th. Seven research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $161.00.
Wayfair Company Profile
Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. It provides approximately 14 million products for the home sector under various brands. The company offers selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold.
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