Wayfair Inc (NYSE:W) insider Steven Conine sold 14,200 shares of the company’s stock in a transaction on Tuesday, July 10th. The stock was sold at an average price of $120.01, for a total value of $1,704,142.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Steven Conine also recently made the following trade(s):

  • On Monday, June 18th, Steven Conine sold 5,166 shares of Wayfair stock. The stock was sold at an average price of $111.42, for a total value of $575,595.72.
  • On Wednesday, June 6th, Steven Conine sold 4,000 shares of Wayfair stock. The shares were sold at an average price of $98.45, for a total value of $393,800.00.

W traded down $3.53 during midday trading on Wednesday, hitting $117.17. 1,752,119 shares of the company were exchanged, compared to its average volume of 1,825,763. The company has a market capitalization of $10.79 billion, a P/E ratio of -41.20 and a beta of 1.55. The company has a debt-to-equity ratio of -3.30, a quick ratio of 0.95 and a current ratio of 1.00. Wayfair Inc has a 1-year low of $55.33 and a 1-year high of $122.53.

Wayfair (NYSE:W) last announced its quarterly earnings results on Wednesday, May 2nd. The company reported ($0.91) earnings per share for the quarter, missing the consensus estimate of ($0.90) by ($0.01). The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.36 billion. Wayfair had a negative return on equity of 31,507.11% and a negative net margin of 5.73%. Wayfair’s revenue for the quarter was up 46.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.48) earnings per share. analysts forecast that Wayfair Inc will post -4.5 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Xact Kapitalforvaltning AB boosted its stake in shares of Wayfair by 66.1% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 8,544 shares of the company’s stock worth $1,015,000 after acquiring an additional 3,400 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Wayfair by 92.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,810 shares of the company’s stock worth $808,000 after acquiring an additional 3,280 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Wayfair during the 1st quarter worth about $518,000. Royal Bank of Canada boosted its stake in shares of Wayfair by 10.6% during the 1st quarter. Royal Bank of Canada now owns 41,651 shares of the company’s stock worth $2,813,000 after acquiring an additional 4,008 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in shares of Wayfair during the 1st quarter worth about $1,058,000. 75.21% of the stock is currently owned by institutional investors.

W has been the topic of several research reports. ValuEngine raised Wayfair from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Wedbush downgraded Wayfair from an “outperform” rating to a “neutral” rating and set a $63.00 target price on the stock. in a research report on Monday, April 30th. DA Davidson cut their target price on Wayfair to $55.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 25th. Oppenheimer upped their target price on Wayfair to $120.00 and gave the company an “outperform” rating in a research report on Friday, June 8th. Finally, Morgan Stanley initiated coverage on Wayfair in a research report on Wednesday, April 25th. They issued an “equal weight” rating and a $75.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $101.17.

About Wayfair

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. The company offers approximately 10 million products for the home sector under various brands. It offers a selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, such as Wayfair, Joss & Main, AllModern, DwellStudio, Perigold, and Birch Lane.

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

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