Kate Gulliver Sells 5,825 Shares of Wayfair Inc. (NYSE:W) Stock

Wayfair Inc. (NYSE:W) CFO Kate Gulliver sold 5,825 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $50.82, for a total value of $296,026.50. Following the transaction, the chief financial officer now owns 100,933 shares in the company, valued at $5,129,415.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Kate Gulliver also recently made the following trade(s):

• On Thursday, April 4th, Kate Gulliver sold 3,395 shares of Wayfair stock. The shares were sold at an average price of $65.04, for a total value of $220,810.80.

Wayfair Price Performance

NYSE W traded down $0.10 during trading hours on Wednesday, reaching $51.44. The company’s stock had a trading volume of 1,593,117 shares, compared to its average volume of 4,248,094. The firm has a market capitalization of $6.19 billion, a price-to-earnings ratio of -9.60 and a beta of 3.43. Wayfair Inc. has a 1-year low of $38.37 and a 1-year high of $90.71. The company’s 50-day moving average is $58.69 and its two-hundred day moving average is $58.37.

Wayfair (NYSE:W) last released its quarterly earnings results on Thursday, May 2nd. The company reported ($1.38) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.49) by $0.11. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.64 billion. Equities analysts forecast that Wayfair Inc. will post -2.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

W has been the topic of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $75.00 price target on shares of Wayfair in a report on Thursday, May 16th. StockNews.com downgraded Wayfair from a “hold” rating to a “sell” rating in a research note on Sunday, June 23rd. Wedbush restated an “outperform” rating and set a $70.00 target price on shares of Wayfair in a research note on Friday, May 3rd. Royal Bank of Canada boosted their target price on Wayfair from $61.00 to $65.00 and gave the stock a “sector perform” rating in a research note on Monday, May 6th. Finally, Sanford C. Bernstein boosted their target price on Wayfair from $50.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $78.50.

Institutional Investors Weigh In On Wayfair

Large investors have recently bought and sold shares of the company. Riverview Trust Co purchased a new stake in Wayfair during the 1st quarter worth approximately $27,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Wayfair in the fourth quarter valued at approximately $29,000. GAMMA Investing LLC purchased a new stake in shares of Wayfair in the fourth quarter valued at approximately $31,000. ORG Partners LLC purchased a new stake in shares of Wayfair in the first quarter valued at approximately $37,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Wayfair in the fourth quarter valued at approximately $74,000. 89.67% of the stock is currently owned by hedge funds and other institutional investors.

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.