Wayfair (NYSE:W) Issues Earnings Results

Wayfair (NYSE:W) posted its quarterly earnings data on Thursday. The company reported ($0.96) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.01), Zacks reports. The business had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.07 billion.

Wayfair Stock Down 6.1 %

W traded down $2.82 during trading on Friday, hitting $43.25. 544,500 shares of the company traded hands, compared to its average volume of 3,593,856. The firm has a market cap of $5.42 billion, a P/E ratio of -9.67 and a beta of 3.43. The stock’s fifty day moving average is $46.42 and its 200 day moving average is $46.50. Wayfair has a one year low of $37.35 and a one year high of $76.18.

Analyst Ratings Changes

Several equities research analysts have commented on W shares. Stifel Nicolaus dropped their price target on shares of Wayfair from $47.00 to $46.00 and set a “hold” rating on the stock in a research note on Friday. Loop Capital raised their price objective on shares of Wayfair from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Wayfair from $69.00 to $46.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Wedbush lowered shares of Wayfair from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $45.00 to $44.00 in a report on Monday, January 6th. Finally, StockNews.com upgraded shares of Wayfair from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Fourteen analysts have rated the stock with a hold rating, twelve 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 an average rating of “Moderate Buy” and an average target price of $59.00.

Insider Activity at Wayfair

In other Wayfair news, insider Steven Conine sold 30,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $48.45, for a total transaction of $1,453,500.00. Following the completion of the transaction, the insider now owns 589,073 shares in the company, valued at $28,540,586.85. This trade represents a 4.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kate Gulliver sold 5,974 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $44.95, for a total transaction of $268,531.30. Following the transaction, the chief financial officer now owns 129,964 shares of the company’s stock, valued at $5,841,881.80. This represents a 4.39 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 134,228 shares of company stock worth $6,440,118. 26.81% of the stock is owned by company insiders.

About Wayfair

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.