Wayfair Inc (NYSE:W) Director Robert James Gamgort bought 4,200 shares of the stock in a transaction on Wednesday, February 28th. The stock was bought at an average price of $78.05 per share, for a total transaction of $327,810.00. Following the completion of the purchase, the director now directly owns 27,175 shares in the company, valued at approximately $2,121,008.75. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Robert James Gamgort also recently made the following trade(s):

  • On Friday, March 2nd, Robert James Gamgort purchased 5,400 shares of Wayfair stock. The stock was acquired at an average cost of $78.13 per share, with a total value of $421,902.00.

Wayfair Inc (NYSE W) opened at $80.34 on Monday. The stock has a market capitalization of $7,110.00, a price-to-earnings ratio of -40.37 and a beta of 1.25. Wayfair Inc has a 1-year low of $35.36 and a 1-year high of $100.14. The company has a current ratio of 1.10, a quick ratio of 1.17 and a debt-to-equity ratio of -8.60.

Wayfair (NYSE:W) last issued its quarterly earnings data on Thursday, February 22nd. The company reported ($0.83) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.79) by ($0.04). The firm had revenue of $1.44 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 5.18%. The business’s revenue for the quarter was up 46.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.34) earnings per share. analysts predict that Wayfair Inc will post -3.69 EPS for the current year.

Several analysts have recently commented on the company. Bank of America set a $100.00 price target on Wayfair and gave the company a “hold” rating in a report on Tuesday, February 20th. Wedbush reissued a “buy” rating and issued a $98.00 price target (up from $86.00) on shares of Wayfair in a report on Tuesday, February 20th. Piper Jaffray Companies reissued an “overweight” rating and issued a $112.00 price target (up from $89.00) on shares of Wayfair in a report on Thursday, February 15th. Gordon Haskett cut Wayfair from a “buy” rating to an “accumulate” rating in a report on Wednesday, January 31st. Finally, Zacks Investment Research cut Wayfair from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. Twelve investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $83.96.

A number of hedge funds have recently modified their holdings of the stock. Xact Kapitalforvaltning AB acquired a new position in Wayfair during the fourth quarter worth $293,000. Sterling Capital Management LLC raised its holdings in Wayfair by 16.9% during the fourth quarter. Sterling Capital Management LLC now owns 26,057 shares of the company’s stock worth $2,092,000 after purchasing an additional 3,761 shares during the last quarter. Westside Investment Management Inc. acquired a new position in Wayfair during the fourth quarter worth $693,000. Paloma Partners Management Co acquired a new position in Wayfair during the fourth quarter worth $543,000. Finally, Raymond James & Associates acquired a new position in Wayfair during the fourth quarter worth $1,259,000. 71.30% of the stock is owned by hedge funds and other institutional investors.

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About Wayfair

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.

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

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