Wayfair Inc. (NYSE:W) CEO Niraj Shah sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $41.36, for a total transaction of $496,320.00. Following the completion of the sale, the chief executive officer now directly owns 47,689 shares in the company, valued at approximately $1,972,417.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Niraj Shah also recently made the following trade(s):

  • On Thursday, September 15th, Niraj Shah sold 811 shares of Wayfair stock. The shares were sold at an average price of $39.80, for a total transaction of $32,277.80.
  • On Tuesday, September 6th, Niraj Shah sold 12,000 shares of Wayfair stock. The shares were sold at an average price of $40.05, for a total transaction of $480,600.00.
  • On Monday, August 8th, Niraj Shah sold 12,000 shares of Wayfair stock. The shares were sold at an average price of $47.85, for a total transaction of $574,200.00.
  • On Monday, August 1st, Niraj Shah sold 12,000 shares of Wayfair stock. The shares were sold at an average price of $44.49, for a total transaction of $533,880.00.
  • On Monday, July 25th, Niraj Shah sold 1,997 shares of Wayfair stock. The shares were sold at an average price of $40.10, for a total transaction of $80,079.70.
  • On Tuesday, July 26th, Niraj Shah sold 12,000 shares of Wayfair stock. The stock was sold at an average price of $40.44, for a total transaction of $485,280.00.
  • On Monday, July 18th, Niraj Shah sold 12,000 shares of Wayfair stock. The stock was sold at an average price of $40.38, for a total transaction of $484,560.00.
  • On Monday, July 11th, Niraj Shah sold 12,000 shares of Wayfair stock. The stock was sold at an average price of $40.72, for a total transaction of $488,640.00.

Wayfair Inc. (NYSE:W) traded up 1.66% on Wednesday, hitting $42.76. The stock had a trading volume of 1,157,929 shares. Wayfair Inc. has a one year low of $28.85 and a one year high of $50.00. The stock has a 50-day moving average of $40.16 and a 200-day moving average of $40.39. The company’s market cap is $3.63 billion.

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Wayfair (NYSE:W) last posted its quarterly earnings results on Tuesday, August 9th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.41) by $0.02. The firm had revenue of $755.70 million for the quarter, compared to analyst estimates of $782.43 million. Wayfair had a negative net margin of 4.20% and a negative return on equity of 56.95%. The business’s revenue was up 60.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.15) earnings per share. Equities analysts expect that Wayfair Inc. will post ($1.67) earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of W. Ruane Cunniff & Goldfarb Inc. bought a new stake in shares of Wayfair during the second quarter valued at $4,961,000. Samlyn Capital LLC bought a new stake in shares of Wayfair during the first quarter valued at $31,237,000. Metropolitan Life Insurance Co. NY raised its stake in shares of Wayfair by 1.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 14,548 shares of the company’s stock valued at $629,000 after buying an additional 269 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Wayfair by 46.8% in the first quarter. Legal & General Group Plc now owns 2,957 shares of the company’s stock valued at $124,000 after buying an additional 943 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Wayfair during the first quarter valued at $2,451,000. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently commented on W. Zacks Investment Research raised shares of Wayfair from a “sell” rating to a “hold” rating in a report on Wednesday. Bank of America Corp. cut shares of Wayfair from a “buy” rating to a “neutral” rating and cut their target price for the company from $54.00 to $45.00 in a report on Wednesday, August 10th. William Blair began coverage on shares of Wayfair in a report on Friday, June 10th. They issued a “market perform” rating on the stock. Maxim Group set a $49.00 target price on shares of Wayfair and gave the company a “buy” rating in a report on Tuesday, August 9th. Finally, Vetr cut shares of Wayfair from a “strong-buy” rating to a “buy” rating and set a $48.00 target price on the stock. in a report on Wednesday, June 8th. Fourteen research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Wayfair currently has a consensus rating of “Hold” and a consensus target price of $51.49.

Wayfair Company Profile

Wayfair Inc (Wayfair) offers browsing, merchandising, product discovery and prices for a range of products from suppliers across various brands, including Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The Company offers a range of furniture, home furnishings, decor and goods. Wayfair produces editorial content both in-house and through third parties.

5 Day Chart for NYSE:W

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