Wayfair Inc. (NYSE:W) Director Anke Schaferkordt Sells 348 Shares

Wayfair Inc. (NYSE:W) Director Anke Schaferkordt sold 348 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $58.81, for a total transaction of $20,465.88. Following the completion of the sale, the director now owns 13,251 shares in the company, valued at $779,291.31. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Wayfair Price Performance

Shares of W stock traded up $4.96 during trading hours on Friday, hitting $63.60. The stock had a trading volume of 8,823,444 shares, compared to its average volume of 4,496,439. The firm has a market capitalization of $7.65 billion, a PE ratio of -9.75 and a beta of 3.32. Wayfair Inc. has a twelve month low of $33.85 and a twelve month high of $90.71. The stock’s 50 day moving average is $59.92 and its 200 day moving average is $55.16.

Wayfair (NYSE:W) last posted its quarterly earnings data on Thursday, February 22nd. The company reported ($1.46) earnings per share for the quarter, beating the consensus estimate of ($1.54) by $0.08. The firm had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.10 billion. As a group, equities analysts predict that Wayfair Inc. will post -3.37 earnings per share for the current year.

Institutional Investors Weigh In On Wayfair

Several large investors have recently modified their holdings of the company. Riverview Trust Co acquired a new stake in shares of Wayfair during the first quarter worth $27,000. McGlone Suttner Wealth Management Inc. purchased a new position in Wayfair during the 4th quarter worth $29,000. GAMMA Investing LLC acquired a new stake in shares of Wayfair in the 4th quarter worth $31,000. BluePath Capital Management LLC purchased a new stake in shares of Wayfair in the third quarter valued at about $34,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Wayfair during the third quarter worth about $34,000. 89.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Citigroup raised their price target on shares of Wayfair from $73.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Truist Financial boosted their price objective on shares of Wayfair from $63.00 to $70.00 and gave the company a “buy” rating in a report on Friday. BMO Capital Markets boosted their price objective on shares of Wayfair from $57.00 to $61.00 and gave the company a “market perform” rating in a report on Friday. Mizuho started coverage on shares of Wayfair in a report on Tuesday, March 19th. They issued a “buy” rating and a $72.00 price objective on the stock. Finally, Wedbush restated an “outperform” rating and issued a $70.00 price objective on shares of Wayfair in a report on Friday. Ten analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $76.45.

Wayfair Company Profile

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