Thomas Netzer Sells 8,435 Shares of Wayfair Inc. (NYSE:W) Stock

Wayfair Inc. (NYSE:W) COO Thomas Netzer sold 8,435 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $53.06, for a total value of $447,561.10. Following the transaction, the chief operating officer now directly owns 179,180 shares of the company’s stock, valued at $9,507,290.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Thomas Netzer also recently made the following trade(s):

• On Tuesday, September 17th, Thomas Netzer sold 1,011 shares of Wayfair stock. The shares were sold at an average price of $49.42, for a total value of $49,963.62.

Wayfair Stock Up 6.5 %

W opened at $55.83 on Friday. The firm has a market cap of $6.89 billion, a PE ratio of -10.42 and a beta of 3.42. The business has a fifty day simple moving average of $46.85 and a 200-day simple moving average of $54.39. Wayfair Inc. has a fifty-two week low of $38.02 and a fifty-two week high of $76.18.

Wayfair (NYSE:W) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.03). The firm had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.18 billion. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company posted ($1.27) earnings per share. On average, equities research analysts anticipate that Wayfair Inc. will post -2.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

W has been the subject of several recent research reports. Gordon Haskett lowered Wayfair from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Barclays lowered their target price on Wayfair from $58.00 to $51.00 and set an “equal weight” rating for the company in a report on Monday, August 5th. Truist Financial decreased their price objective on Wayfair from $70.00 to $60.00 and set a “buy” rating for the company in a report on Friday, August 2nd. StockNews.com raised Wayfair from a “sell” rating to a “hold” rating in a report on Monday, August 5th. Finally, Raymond James decreased their price objective on Wayfair from $70.00 to $65.00 and set a “strong-buy” rating for the company in a report on Friday, August 2nd. Twelve equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $65.83.

Institutional Investors Weigh In On Wayfair

Large investors have recently modified their holdings of the stock. Riverview Trust Co acquired a new stake in shares of Wayfair in the first quarter worth $27,000. ORG Partners LLC acquired a new stake in shares of Wayfair in the first quarter worth $37,000. International Assets Investment Management LLC acquired a new stake in shares of Wayfair in the second quarter worth $58,000. Comerica Bank boosted its position in shares of Wayfair by 210.9% in the first quarter. Comerica Bank now owns 1,222 shares of the company’s stock worth $83,000 after buying an additional 829 shares during the period. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Wayfair in the second quarter worth $109,000. 89.67% of the stock is owned by 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.