Wayfair Inc. (NYSE:W) CFO Sells $622,118.97 in Stock

Wayfair Inc. (NYSE:WGet Rating) CFO Michael D. Fleisher sold 6,101 shares of the company’s stock in a transaction on Tuesday, April 19th. The shares were sold at an average price of $101.97, for a total value of $622,118.97. Following the transaction, the chief financial officer now directly owns 58,788 shares in the company, valued at approximately $5,994,612.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of W opened at $106.60 on Wednesday. Wayfair Inc. has a one year low of $99.39 and a one year high of $339.56. The stock has a market capitalization of $11.20 billion, a price-to-earnings ratio of -77.81 and a beta of 2.85. The stock has a 50 day moving average price of $122.19 and a 200 day moving average price of $181.28.

Wayfair (NYSE:WGet Rating) last issued its earnings results on Thursday, February 24th. The company reported ($1.97) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.67) by ($0.30). Wayfair had a negative net margin of 0.96% and a negative return on equity of 10.52%. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter in the previous year, the company earned $0.44 earnings per share. The firm’s quarterly revenue was down 11.4% compared to the same quarter last year. Sell-side analysts predict that Wayfair Inc. will post -6.9 EPS for the current year.

W has been the topic of a number of recent research reports. Loop Capital cut Wayfair from a “hold” rating to a “sell” rating and dropped their price objective for the stock from $95.00 to $90.00 in a report on Wednesday, March 30th. TheStreet lowered Wayfair from a “c-” rating to a “d+” rating in a research report on Thursday, January 6th. Wedbush lowered Wayfair from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $290.00 to $160.00 in a research report on Wednesday, January 5th. StockNews.com assumed coverage on Wayfair in a report on Thursday, March 31st. They set a “sell” rating for the company. Finally, Truist Financial dropped their target price on Wayfair from $240.00 to $190.00 and set a “buy” rating for the company in a report on Friday, February 25th. Nine research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $207.29.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Monolith Advisors acquired a new stake in Wayfair in the 4th quarter valued at about $26,000. Confluence Wealth Services Inc. acquired a new stake in Wayfair in the 4th quarter valued at about $27,000. Neo Ivy Capital Management acquired a new stake in Wayfair in the 4th quarter valued at about $28,000. Steward Partners Investment Advisory LLC raised its position in Wayfair by 227.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 252 shares of the company’s stock valued at $48,000 after purchasing an additional 175 shares in the last quarter. Finally, Gables Capital Management Inc. acquired a new stake in Wayfair in the 3rd quarter valued at about $51,000. 85.38% of the stock is currently owned by hedge funds and other institutional investors.

About Wayfair (Get Rating)

Wayfair Inc engages in the e-commerce business in the United States and internationally. The company provides approximately thirty-three million products for the home sector under various brands. It offers online selections of furniture, décor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold brands.

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