Wayfair Inc. (NYSE:W) CFO Michael D. Fleisher sold 4,575 shares of the business’s stock in a transaction that occurred on Wednesday, September 21st. The shares were sold at an average price of $42.64, for a total transaction of $195,078.00. Following the completion of the sale, the chief financial officer now owns 36,124 shares of the company’s stock, valued at $1,540,327.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

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

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A number of research analysts have weighed in on the stock. Goldman Sachs Group Inc. cut shares of Wayfair from a “buy” rating to a “neutral” rating and reduced their price target for the company from $46.00 to $43.00 in a research report on Wednesday, August 10th. Veritas Investment Research reissued a “hold” rating on shares of Wayfair in a research report on Friday, August 5th. Zacks Investment Research cut shares of Wayfair from a “buy” rating to a “sell” rating in a research report on Saturday, August 13th. Pacific Crest reissued an “equal weight” rating on shares of Wayfair in a research report on Sunday, August 14th. Finally, Maxim Group started coverage on shares of Wayfair in a research report on Thursday, May 26th. They set a “buy” rating and a $50.00 target price on the stock. Fourteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $51.49.

A number of large investors have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Wayfair by 70.0% in the second quarter. BlackRock Inc. now owns 2,689 shares of the company’s stock worth $105,000 after buying an additional 1,107 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in shares of Wayfair during the second quarter worth about $107,000. Legal & General Group Plc boosted 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 worth $124,000 after buying an additional 943 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Wayfair by 42.4% in the second quarter. Teacher Retirement System of Texas now owns 3,905 shares of the company’s stock worth $152,000 after buying an additional 1,163 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Wayfair during the first quarter worth about $291,000. 71.84% of the stock is owned by hedge funds and other institutional investors.

About Wayfair

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.

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