Wayfair Inc. (NYSE:W) Insider Sells $250,794.88 in Stock

Wayfair Inc. (NYSE:W) insider Jon Blotner sold 4,144 shares of Wayfair stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $60.52, for a total transaction of $250,794.88. Following the completion of the sale, the insider now directly owns 37,957 shares of the company’s stock, valued at approximately $2,297,157.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Jon Blotner also recently made the following trade(s):

• On Thursday, April 4th, Jon Blotner sold 3,022 shares of Wayfair stock. The stock was sold at an average price of $64.94, for a total transaction of $196,248.68.
• On Tuesday, April 2nd, Jon Blotner sold 3,282 shares of Wayfair stock. The stock was sold at an average price of $63.10, for a total transaction of $207,094.20.
• On Monday, February 5th, Jon Blotner sold 3,492 shares of Wayfair stock. The stock was sold at an average price of $50.34, for a total transaction of $175,787.28.

Wayfair Trading Down 2.0 %

Shares of W stock opened at $53.66 on Friday. Wayfair Inc. has a 52 week low of $29.51 and a 52 week high of $90.71. The company’s fifty day simple moving average is $59.44 and its two-hundred day simple moving average is $55.11.

Wayfair (NYSE:W) last announced its quarterly earnings results on Thursday, February 22nd. The company reported ($1.46) EPS for the quarter, topping the consensus estimate of ($1.54) by $0.08. The company had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $3.10 billion. On average, sell-side analysts forecast that Wayfair Inc. will post -3.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Wedbush reissued an “outperform” rating and set a $70.00 price objective on shares of Wayfair in a research report on Friday, February 23rd. Piper Sandler reissued an “overweight” rating and set a $88.00 price objective (down previously from $93.00) on shares of Wayfair in a research report on Friday, February 23rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Wayfair from $63.00 to $79.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Evercore ISI raised shares of Wayfair from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $65.00 to $80.00 in a research report on Thursday, April 4th. Finally, Mizuho assumed coverage on shares of Wayfair in a research report on Tuesday, March 19th. They set a “buy” rating and a $72.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $77.03.

Institutional Trading of Wayfair

Several hedge funds have recently bought and sold shares of W. Riverview Trust Co purchased a new stake in shares of Wayfair during the 1st quarter valued at about $27,000. Quarry LP purchased a new stake in shares of Wayfair during the 4th quarter valued at about $28,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Wayfair during the 4th quarter valued at about $29,000. GAMMA Investing LLC purchased a new stake in shares of Wayfair during the 4th quarter valued at about $31,000. Finally, BluePath Capital Management LLC purchased a new stake in shares of Wayfair during the 3rd quarter valued at about $34,000. Hedge funds and other institutional investors own 89.67% of the company’s stock.

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.