Insider Selling: Wayfair Inc. (NYSE:W) CEO Sells $229,572.50 in Stock

Wayfair Inc. (NYSE:W) CEO Niraj Shah sold 5,725 shares of Wayfair stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $40.10, for a total value of $229,572.50. Following the sale, the chief executive officer now directly owns 543,885 shares in the company, valued at $21,809,788.50. The trade was a 1.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Niraj Shah also recently made the following trade(s):

• On Wednesday, May 14th, Niraj Shah sold 2,258 shares of Wayfair stock. The shares were sold at an average price of $40.01, for a total value of $90,342.58.
• On Monday, May 12th, Niraj Shah sold 9,527 shares of Wayfair stock. The shares were sold at an average price of $40.04, for a total value of $381,461.08.

Wayfair Trading Up 2.2%

Shares of W stock opened at $39.59 on Friday. Wayfair Inc. has a 1-year low of $20.41 and a 1-year high of $68.87. The company has a market capitalization of $5.02 billion, a price-to-earnings ratio of -9.85 and a beta of 2.93. The stock’s fifty day simple moving average is $31.13 and its 200-day simple moving average is $39.96.

Wayfair (NYSE:W) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.24. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter in the prior year, the firm posted ($0.32) EPS. The business’s quarterly revenue was up .0% compared to the same quarter last year. On average, sell-side analysts predict that Wayfair Inc. will post -2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

W has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price target on Wayfair from $63.00 to $50.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. Raymond James set a $60.00 price target on Wayfair and gave the company a “strong-buy” rating in a research report on Friday, February 21st. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price target on shares of Wayfair in a research report on Thursday, May 1st. Stifel Nicolaus lowered their price target on Wayfair from $46.00 to $29.00 and set a “hold” rating on the stock in a research report on Wednesday, April 23rd. Finally, Truist Financial set a $40.00 price target on Wayfair in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $43.83.

Institutional Trading of Wayfair

A number of institutional investors have recently bought and sold shares of W. GAMMA Investing LLC boosted its position in Wayfair by 65.5% during the fourth quarter. GAMMA Investing LLC now owns 710 shares of the company’s stock valued at $31,000 after purchasing an additional 281 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in Wayfair during the fourth quarter valued at $6,799,000. Ameritas Advisory Services LLC acquired a new stake in Wayfair during the fourth quarter valued at $229,000. Nisa Investment Advisors LLC boosted its position in Wayfair by 5.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 44,710 shares of the company’s stock valued at $1,982,000 after purchasing an additional 2,250 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in Wayfair by 277.4% during the fourth quarter. SG Americas Securities LLC now owns 12,591 shares of the company’s stock valued at $558,000 after purchasing an additional 9,255 shares during the last quarter. Institutional investors and hedge funds 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.