Wayfair Inc. (NYSE:W) CFO Michael D. Fleisher sold 4,707 shares of Wayfair stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $67.08, for a total value of $315,745.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wayfair Inc. (NYSE:W) traded down 0.97% during midday trading on Tuesday, hitting $66.45. The company’s stock had a trading volume of 1,068,531 shares. Wayfair Inc. has a one year low of $27.60 and a one year high of $84.19. The company’s 50-day moving average is $72.82 and its 200 day moving average is $67.75. The company’s market cap is $5.79 billion.

Wayfair (NYSE:W) last announced its quarterly earnings data on Tuesday, August 8th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.69) by $0.43. Wayfair had a negative return on equity of 335.44% and a negative net margin of 5.10%. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the business posted ($0.43) earnings per share. The company’s revenue for the quarter was up 42.7% compared to the same quarter last year. On average, analysts predict that Wayfair Inc. will post ($1.45) EPS for the current year.

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A number of equities analysts have weighed in on W shares. Gordon Haskett lowered Wayfair from a “buy” rating to an “accumulate” rating and boosted their target price for the stock from $70.00 to $85.00 in a research report on Tuesday, June 27th. Piper Jaffray Companies set a $87.00 target price on Wayfair and gave the stock a “buy” rating in a research report on Saturday, July 1st. Robert W. Baird reissued a “neutral” rating on shares of Wayfair in a research report on Monday, July 3rd. Buckingham Research reissued a “buy” rating and issued a $95.00 target price (up previously from $72.00) on shares of Wayfair in a research report on Thursday, July 13th. They noted that the move was a valuation call. Finally, Wolfe Research started coverage on Wayfair in a research report on Thursday, August 3rd. They issued an “outperform” rating and a $88.00 target price for the company. Nine research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $77.51.

Several large investors have recently made changes to their positions in the company. Utah Retirement Systems purchased a new position in Wayfair during the second quarter valued at approximately $539,000. Ameriprise Financial Inc. purchased a new position in Wayfair during the first quarter valued at approximately $1,650,000. Old Mutual Global Investors UK Ltd. purchased a new position in Wayfair during the second quarter valued at approximately $738,000. Baillie Gifford & Co. raised its position in Wayfair by 5.7% during the second quarter. Baillie Gifford & Co. now owns 1,914,674 shares of the company’s stock valued at $147,200,000 after acquiring an additional 102,460 shares in the last quarter. Finally, State of Wisconsin Investment Board purchased a new position in Wayfair during the second quarter valued at approximately $588,000. Hedge funds and other institutional investors own 65.94% of the company’s stock.

Wayfair Company Profile

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.

Insider Buying and Selling by Quarter for Wayfair (NYSE:W)

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