Wayfair Inc. (NYSE:W) Insider Sells $250,794.88 in Stock

Wayfair Inc. (NYSE:W) insider Jon Blotner sold 4,144 shares of Wayfair stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $60.52, for a total value of $250,794.88. Following the sale, the insider now directly owns 37,957 shares in the company, valued at $2,297,157.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Jon Blotner also recently made the following trade(s):

• On Thursday, April 4th, Jon Blotner sold 3,022 shares of Wayfair stock. The stock was sold at an average price of $64.94, for a total value of $196,248.68.
• On Tuesday, April 2nd, Jon Blotner sold 3,282 shares of Wayfair stock. The stock was sold at an average price of $63.10, for a total value of $207,094.20.
• On Monday, February 5th, Jon Blotner sold 3,492 shares of Wayfair stock. The stock was sold at an average price of $50.34, for a total transaction of $175,787.28.

Wayfair Stock Down 0.0 %

Wayfair stock opened at $54.73 on Friday. The business’s fifty day moving average is $59.42 and its 200 day moving average is $55.17. Wayfair Inc. has a one year low of $29.51 and a one year high of $90.71.

Wayfair (NYSE:W) last announced its earnings results on Thursday, February 22nd. The company reported ($1.46) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.54) by $0.08. The firm had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $3.10 billion. As a group, research analysts anticipate that Wayfair Inc. will post -3.37 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on W shares. Stifel Nicolaus boosted their price target on Wayfair from $52.00 to $55.00 and gave the company a “hold” rating in a research note on Tuesday, January 9th. Truist Financial lowered their price objective on shares of Wayfair from $65.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, February 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $75.00 price objective on shares of Wayfair in a research note on Thursday, February 22nd. Wedbush reiterated an “outperform” rating and issued a $70.00 price objective on shares of Wayfair in a research note on Friday, February 23rd. Finally, Citigroup lifted their price objective on shares of Wayfair from $73.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Ten investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $77.03.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of W. Riverview Trust Co purchased a new position in shares of Wayfair during the 1st quarter valued at about $27,000. Quarry LP purchased a new position in shares of Wayfair during the 4th quarter valued at about $28,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Wayfair during the 4th quarter valued at about $29,000. GAMMA Investing LLC purchased a new position in shares of Wayfair during the 4th quarter valued at about $31,000. Finally, BluePath Capital Management LLC purchased a new position in shares of Wayfair during the 3rd quarter valued at about $34,000. 89.67% of the stock is owned by hedge funds and other institutional investors.

Wayfair Company Profile

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.