Insider Selling: Wayfair Inc. (W) Director Sells $495,106.57 in Stock
Wayfair Inc. (NYSE:W) Director Michael Andrew Kumin sold 7,231 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $68.47, for a total transaction of $495,106.57. Following the completion of the sale, the director now directly owns 156,439 shares in the company, valued at approximately $10,711,378.33. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Michael Andrew Kumin also recently made the following trade(s):
- On Thursday, August 10th, Michael Andrew Kumin sold 4,080 shares of Wayfair stock. The shares were sold at an average price of $70.00, for a total transaction of $285,600.00.
Wayfair Inc. (NYSE W) opened at 72.46 on Friday. The firm’s market cap is $6.32 billion. The company’s 50-day moving average is $73.02 and its 200 day moving average is $58.84. Wayfair Inc. has a 12 month low of $27.60 and a 12 month high of $82.19.
Wayfair (NYSE:W) last posted its quarterly earnings data on Tuesday, August 8th. The company reported ($0.26) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.69) by $0.43. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.06 billion. Wayfair had a negative return on equity of 335.44% and a negative net margin of 5.10%. The firm’s quarterly revenue was up 42.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.43) earnings per share. Equities research analysts expect that Wayfair Inc. will post ($1.46) EPS for the current fiscal year.
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W has been the topic of several analyst reports. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Wayfair in a report on Saturday, May 6th. Piper Jaffray Companies set a $87.00 target price on shares of Wayfair and gave the stock a “buy” rating in a report on Saturday, July 1st. Canaccord Genuity reaffirmed a “buy” rating on shares of Wayfair in a report on Tuesday, August 8th. Buckingham Research reaffirmed a “buy” rating and issued a $95.00 target price on shares of Wayfair in a report on Thursday, August 10th. Finally, BidaskClub lowered shares of Wayfair from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Ten analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Wayfair has a consensus rating of “Buy” and an average price target of $69.67.
Several institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its position in Wayfair by 96.2% in the second quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock worth $105,000 after buying an additional 667 shares in the last quarter. First Mercantile Trust Co. bought a new position in Wayfair during the second quarter worth approximately $138,000. First Personal Financial Services raised its position in Wayfair by 15.1% in the first quarter. First Personal Financial Services now owns 2,475 shares of the company’s stock worth $100,000 after buying an additional 325 shares in the last quarter. UBS Group AG raised its position in Wayfair by 55.5% in the first quarter. UBS Group AG now owns 2,690 shares of the company’s stock worth $109,000 after buying an additional 960 shares in the last quarter. Finally, CIBC Asset Management Inc bought a new position in Wayfair during the second quarter worth approximately $208,000.
Wayfair Company Profile
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.
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