Shares of Wayfair Inc (NYSE:W) fell 0% on Friday following insider selling activity. The stock traded as low as $77.47 and last traded at $78.95. 3,287,015 shares traded hands during mid-day trading, an increase of 73% from the average session volume of 1,900,279 shares. The stock had previously closed at $78.95.
Specifically, CFO Michael D. Fleisher sold 485 shares of Wayfair stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $84.83, for a total value of $41,142.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Steve Oblak sold 4,531 shares of Wayfair stock in a transaction on Monday, December 18th. The shares were sold at an average price of $76.83, for a total value of $348,116.73. Following the completion of the transaction, the insider now owns 125,586 shares of the company’s stock, valued at $9,648,772.38. The disclosure for this sale can be found here. Over the last quarter, insiders bought 13,600 shares of company stock valued at $1,053,632 and sold 84,657 shares valued at $7,601,636. 56.93% of the stock is currently owned by insiders.
Several equities analysts recently commented on W shares. Zacks Investment Research upgraded Wayfair from a “sell” rating to a “hold” rating in a research report on Saturday, February 10th. Cowen restated a “buy” rating on shares of Wayfair in a research report on Friday, January 12th. MKM Partners set a $107.00 target price on Wayfair and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Stifel Nicolaus cut Wayfair from a “buy” rating to a “hold” rating and boosted their target price for the stock from $82.00 to $90.00 in a research report on Monday, January 22nd. They noted that the move was a valuation call. Finally, Moffett Nathanson started coverage on Wayfair in a research report on Monday, December 4th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company. Wayfair currently has a consensus rating of “Hold” and a consensus price target of $85.90.
The company has a debt-to-equity ratio of -8.60, a current ratio of 1.10 and a quick ratio of 1.07. The firm has a market capitalization of $7,405.86, a price-to-earnings ratio of -28.00 and a beta of 1.25.
Wayfair (NYSE:W) last posted its quarterly earnings data on Thursday, February 22nd. The company reported ($0.83) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.04). Wayfair had a negative return on equity of 31,507.11% and a negative net margin of 5.18%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the company posted ($0.34) earnings per share. Wayfair’s revenue for the quarter was up 46.2% compared to the same quarter last year. analysts anticipate that Wayfair Inc will post -3.69 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Wayfair by 52.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,803 shares of the company’s stock worth $145,000 after purchasing an additional 624 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Wayfair by 1,512.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,322 shares of the company’s stock worth $157,000 after purchasing an additional 2,178 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Wayfair by 78.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,403 shares of the company’s stock worth $193,000 after purchasing an additional 1,056 shares in the last quarter. Kennedy Capital Management Inc. purchased a new position in shares of Wayfair in the 4th quarter worth about $215,000. Finally, MANA Advisors LLC purchased a new position in shares of Wayfair in the 4th quarter worth about $219,000. Hedge funds and other institutional investors own 70.84% of the company’s stock.
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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.
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