Wayfair Inc (NYSE:W) Director Romero Rodrigues sold 125 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $86.53, for a total value of $10,816.25. Following the sale, the director now directly owns 10,495 shares in the company, valued at approximately $908,132.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Wayfair Inc (W) traded up $1.06 during midday trading on Wednesday, reaching $85.56. 979,278 shares of the company’s stock traded hands, compared to its average volume of 1,400,000. The company has a quick ratio of 1.17, a current ratio of 1.19 and a debt-to-equity ratio of 135.98. Wayfair Inc has a one year low of $35.36 and a one year high of $88.06. The firm has a market capitalization of $7,510.00, a P/E ratio of -34.36 and a beta of 0.96.

Wayfair (NYSE:W) last released its quarterly earnings data on Thursday, November 2nd. The company reported ($0.65) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.68) by $0.03. Wayfair had a negative net margin of 5.06% and a negative return on equity of 658.45%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the firm posted ($0.54) earnings per share. Wayfair’s revenue for the quarter was up 39.1% on a year-over-year basis. sell-side analysts anticipate that Wayfair Inc will post -2.78 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Maverick Capital Ltd. acquired a new position in Wayfair in the second quarter valued at $4,015,000. BlueCrest Capital Management Ltd acquired a new position in Wayfair in the second quarter valued at $3,466,000. Bank of New York Mellon Corp boosted its stake in Wayfair by 331.0% in the third quarter. Bank of New York Mellon Corp now owns 583,843 shares of the company’s stock valued at $39,351,000 after acquiring an additional 448,390 shares in the last quarter. California Public Employees Retirement System boosted its stake in Wayfair by 2.2% in the second quarter. California Public Employees Retirement System now owns 113,800 shares of the company’s stock valued at $8,749,000 after acquiring an additional 2,500 shares in the last quarter. Finally, EAM Investors LLC acquired a new position in Wayfair in the second quarter valued at $2,637,000. Institutional investors own 66.97% of the company’s stock.

A number of equities analysts recently commented on the stock. Credit Suisse Group lowered their target price on shares of Wayfair from $78.00 to $69.00 and set a “neutral” rating for the company in a research note on Friday, November 3rd. Cowen reiterated a “buy” rating and set a $72.00 target price (down previously from $82.00) on shares of Wayfair in a research note on Wednesday, November 1st. Robert W. Baird reiterated a “hold” rating and set a $73.00 target price on shares of Wayfair in a research note on Thursday, September 28th. Wedbush lowered their target price on shares of Wayfair from $82.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. Finally, Citigroup lowered their target price on shares of Wayfair from $80.00 to $66.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. Twelve analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $77.64.

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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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