Wayfair Inc. (NYSE:W – Get Free Report) Director Anke Schaferkordt sold 348 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $58.81, for a total transaction of $20,465.88. Following the completion of the sale, the director now directly owns 13,251 shares in the company, valued at $779,291.31. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Wayfair Stock Performance
Shares of W opened at $63.59 on Monday. The business has a 50-day simple moving average of $59.92 and a two-hundred day simple moving average of $55.29. Wayfair Inc. has a 52 week low of $33.85 and a 52 week high of $90.71.
Wayfair (NYSE:W – Get Free Report) last announced its earnings results on Thursday, February 22nd. The company reported ($1.46) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.54) by $0.08. The business had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.10 billion. Analysts forecast that Wayfair Inc. will post -3.37 EPS for the current year.
Institutional Investors Weigh In On Wayfair
Wall Street Analysts Forecast Growth
W has been the subject of several recent research reports. Canaccord Genuity Group reiterated a “buy” rating and set a $80.00 target price on shares of Wayfair in a report on Friday, February 23rd. Royal Bank of Canada dropped their target price on Wayfair from $62.00 to $61.00 and set a “sector perform” rating on the stock in a report on Wednesday, April 24th. Evercore ISI upgraded Wayfair from an “in-line” rating to an “outperform” rating and raised their price target for the company from $65.00 to $80.00 in a report on Thursday, April 4th. Raymond James upgraded shares of Wayfair from a “market perform” rating to a “strong-buy” rating and set a $65.00 price target on the stock in a research note on Friday, February 16th. Finally, Piper Sandler restated an “overweight” rating and set a $91.00 price objective (up from $88.00) on shares of Wayfair in a research note on Friday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Wayfair has a consensus rating of “Moderate Buy” and a consensus price target of $77.14.
Read Our Latest Research Report on Wayfair
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.
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