Wayfair Inc (NYSE:W) CFO Michael D. Fleisher Sells 10,000 Shares of Stock
Wayfair Inc (NYSE:W) CFO Michael D. Fleisher sold 10,000 shares of the firm’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $248.00, for a total transaction of $2,480,000.00. Following the transaction, the chief financial officer now directly owns 96,492 shares of the company’s stock, valued at approximately $23,930,016. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of W stock opened at $266.09 on Friday. The firm has a market cap of $25.18 billion, a price-to-earnings ratio of -23.14 and a beta of 3.37. Wayfair Inc has a 52 week low of $21.70 and a 52 week high of $267.43. The firm’s 50-day simple moving average is $213.24 and its two-hundred day simple moving average is $130.28.
Wayfair (NYSE:W) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($2.30) EPS for the quarter, topping the consensus estimate of ($2.60) by $0.30. The company had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.31 billion. The business’s revenue was up 19.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($1.62) EPS. As a group, analysts expect that Wayfair Inc will post -6.14 earnings per share for the current year.
Several equities analysts have recently issued reports on the stock. Jefferies Financial Group raised their price target on shares of Wayfair from $112.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Canaccord Genuity lifted their target price on shares of Wayfair from $100.00 to $200.00 and gave the stock a “positive” rating in a research note on Tuesday, May 5th. SunTrust Banks raised their price target on shares of Wayfair from $163.00 to $208.00 and gave the stock a “hold” rating in a report on Friday, June 26th. Cfra raised their price target on shares of Wayfair from $55.00 to $170.00 and gave the stock a “hold” rating in a report on Tuesday, May 5th. Finally, Bank of America upgraded shares of Wayfair from a “neutral” rating to a “buy” rating and raised their price target for the stock from $89.00 to $103.00 in a report on Tuesday, April 7th. Seven equities 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 stock presently has a consensus rating of “Hold” and a consensus target price of $161.00.
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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