Wayfair Inc. (NYSE:W - Get Free Report) insider Steven Conine sold 10,000 shares of the firm's stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $68.26, for a total value of $682,600.00. Following the completion of the transaction, the insider now owns 229,073 shares in the company, valued at approximately $15,636,522.98. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Steven Conine also recently made the following trade(s):
- On Friday, February 9th, Steven Conine sold 8,300 shares of Wayfair stock. The stock was sold at an average price of $52.31, for a total transaction of $434,173.00.
Wayfair Stock Down 1.9 %
Shares of W opened at $68.21 on Thursday. The company has a market capitalization of $8.21 billion, a PE ratio of -12.73 and a beta of 3.32. Wayfair Inc. has a 52-week low of $33.85 and a 52-week high of $90.71. The company has a 50-day simple moving average of $60.70 and a 200-day simple moving average of $55.73.
Wayfair (NYSE:W - Get Free Report) last posted its earnings results on Thursday, February 22nd. The company reported ($1.46) earnings per share for the quarter, beating the consensus estimate of ($1.54) by $0.08. The firm had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.10 billion. On average, research analysts anticipate that Wayfair Inc. will post -3.37 EPS for the current year.
Institutional Investors Weigh In On Wayfair
Elon to Transform U.S. Economy?
From Porter & Company | Ad
A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” grift of the elites.
And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.
One company holds a near-total monopoly on it.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Riverview Trust Co acquired a new position in shares of Wayfair in the first quarter valued at approximately $27,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Wayfair in the 4th quarter valued at $29,000. GAMMA Investing LLC purchased a new stake in Wayfair during the 4th quarter worth $31,000. ORG Partners LLC acquired a new stake in Wayfair in the 1st quarter valued at $37,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in Wayfair in the third quarter valued at about $34,000. Hedge funds and other institutional investors own 89.67% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Wayfair from $63.00 to $79.00 and gave the company a "buy" rating in a report on Wednesday, April 10th. Loop Capital increased their target price on shares of Wayfair from $55.00 to $65.00 and gave the stock a "hold" rating in a research note on Tuesday, April 2nd. Morgan Stanley reissued an "overweight" rating and issued a $80.00 price target on shares of Wayfair in a research note on Monday, March 25th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $80.00 price objective on shares of Wayfair in a research report on Friday, February 23rd. Finally, Wedbush restated an "outperform" rating and set a $70.00 price target on shares of Wayfair in a research note on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $77.29.
Check Out Our Latest Analysis on W
Wayfair Company Profile
(
Get Free Report)
Wayfair Inc provides e-commerce business in the United States and internationally. The company offers approximately thirty million products for the home sector. It offers online selections of furniture, décor, housewares, and home improvement products through its sites consisting of Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
