Niraj Shah Sells 10,000 Shares of Wayfair Inc. (NYSE:W) Stock

Wayfair Inc. (NYSE:WGet Free Report) CEO Niraj Shah sold 10,000 shares of the stock in a transaction on Monday, July 8th. The shares were sold at an average price of $52.62, for a total transaction of $526,200.00. Following the transaction, the chief executive officer now owns 209,137 shares in the company, valued at $11,004,788.94. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Wayfair Price Performance

Shares of NYSE W traded down $0.17 during mid-day trading on Tuesday, reaching $52.82. 2,225,516 shares of the company traded hands, compared to its average volume of 4,207,269. Wayfair Inc. has a fifty-two week low of $38.37 and a fifty-two week high of $90.71. The firm has a market cap of $6.36 billion, a PE ratio of -9.85 and a beta of 3.43. The stock has a fifty day simple moving average of $58.69 and a 200-day simple moving average of $57.99.

Wayfair (NYSE:WGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported ($1.38) earnings per share for the quarter, beating the consensus estimate of ($1.49) by $0.11. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.64 billion. As a group, analysts predict that Wayfair Inc. will post -2.94 EPS for the current fiscal year.

Analysts Set New Price Targets

W has been the topic of a number of recent analyst reports. Argus upgraded shares of Wayfair from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research note on Thursday, May 16th. Needham & Company LLC reiterated a “buy” rating and issued a $75.00 price target on shares of Wayfair in a report on Thursday, May 16th. Royal Bank of Canada raised their price objective on Wayfair from $61.00 to $65.00 and gave the stock a “sector perform” rating in a research note on Monday, May 6th. Piper Sandler reissued an “overweight” rating and set a $91.00 target price (up from $88.00) on shares of Wayfair in a report on Friday, May 3rd. Finally, BMO Capital Markets raised their price target on shares of Wayfair from $57.00 to $61.00 and gave the stock a “market perform” rating in a research report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.50.

Get Our Latest Stock Analysis on W

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in W. Riverview Trust Co acquired a new stake in shares of Wayfair during the 1st quarter valued at $27,000. McGlone Suttner Wealth Management Inc. acquired a new position in Wayfair in the fourth quarter worth approximately $29,000. GAMMA Investing LLC bought a new position in Wayfair during the fourth quarter valued at approximately $31,000. ORG Partners LLC acquired a new stake in Wayfair in the first quarter valued at approximately $37,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Wayfair in the fourth quarter valued at approximately $74,000. 89.67% of the stock is owned by hedge funds and other institutional investors.

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, d├ęcor, housewares, and home improvement products through its sites consisting of Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.

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