Wayfair Inc. (NYSE:W) CFO Michael D. Fleisher sold 6,323 shares of Wayfair stock in a transaction that occurred on Friday, April 16th. The stock was sold at an average price of $309.79, for a total transaction of $1,958,802.17. Following the completion of the sale, the chief financial officer now owns 109,496 shares of the company’s stock, valued at $33,920,765.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
NYSE:W opened at $315.33 on Tuesday. The company’s 50-day moving average is $322.91 and its two-hundred day moving average is $283.65. The firm has a market capitalization of $32.66 billion, a price-to-earnings ratio of -45.18, a PEG ratio of 98.63 and a beta of 3.43. Wayfair Inc. has a 1-year low of $88.61 and a 1-year high of $369.00.
Wayfair (NYSE:W) last released its quarterly earnings results on Thursday, February 25th. The company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.88. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same quarter in the prior year, the company posted ($2.80) earnings per share. The business’s revenue for the quarter was up 46.1% compared to the same quarter last year. Sell-side analysts anticipate that Wayfair Inc. will post 0.13 EPS for the current year.
W has been the topic of a number of recent research reports. Truist raised Wayfair from a “hold” rating to a “buy” rating and increased their target price for the company from $315.00 to $370.00 in a report on Monday, March 1st. Piper Sandler lifted their price objective on Wayfair from $370.00 to $420.00 and gave the company an “overweight” rating in a research report on Thursday, April 15th. DA Davidson lifted their price target on shares of Wayfair from $325.00 to $450.00 in a report on Wednesday, March 31st. TheStreet raised shares of Wayfair from a “d+” rating to a “c” rating in a report on Monday, March 1st. Finally, Morgan Stanley raised Wayfair from an “underweight” rating to an “equal weight” rating and set a $270.00 price target on the stock in a report on Wednesday, March 3rd. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $295.45.
Wayfair Inc engages in the e-commerce business in the United States and internationally. It provides approximately twenty-two million products for the home sector under various brands. The company offers online selections of furniture, dÃ©cor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold brands.
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