Wayfair Inc. (NYSE:W) SVP Steve Oblak sold 2,520 shares of Wayfair stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $40.06, for a total transaction of $100,951.20. Following the transaction, the senior vice president now owns 95,592 shares of the company’s stock, valued at approximately $3,829,415.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Steve Oblak also recently made the following trade(s):

  • On Tuesday, September 6th, Steve Oblak sold 1,125 shares of Wayfair stock. The stock was sold at an average price of $39.22, for a total transaction of $44,122.50.
  • On Monday, August 22nd, Steve Oblak sold 375 shares of Wayfair stock. The stock was sold at an average price of $38.10, for a total transaction of $14,287.50.
  • On Monday, August 15th, Steve Oblak sold 388 shares of Wayfair stock. The stock was sold at an average price of $39.44, for a total transaction of $15,302.72.
  • On Monday, August 8th, Steve Oblak sold 500 shares of Wayfair stock. The stock was sold at an average price of $48.08, for a total transaction of $24,040.00.
  • On Monday, July 25th, Steve Oblak sold 500 shares of Wayfair stock. The stock was sold at an average price of $39.92, for a total transaction of $19,960.00.
  • On Monday, July 11th, Steve Oblak sold 500 shares of Wayfair stock. The stock was sold at an average price of $40.38, for a total transaction of $20,190.00.
  • On Monday, June 27th, Steve Oblak sold 375 shares of Wayfair stock. The stock was sold at an average price of $39.63, for a total transaction of $14,861.25.

Wayfair Inc. (NYSE:W) opened at 42.76 on Thursday. The firm’s market capitalization is $3.63 billion. The stock’s 50 day moving average is $40.16 and its 200-day moving average is $40.39. Wayfair Inc. has a 52-week low of $28.85 and a 52-week high of $50.00.

Wayfair (NYSE:W) last posted its quarterly earnings data on Tuesday, August 9th. The company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.41) by $0.02. Wayfair had a negative net margin of 4.20% and a negative return on equity of 56.95%. The firm had revenue of $755.70 million for the quarter, compared to analysts’ expectations of $782.43 million. During the same period in the prior year, the company posted ($0.15) earnings per share. Wayfair’s quarterly revenue was up 60.0% compared to the same quarter last year. Equities analysts expect that Wayfair Inc. will post ($1.67) earnings per share for the current year.

W has been the subject of a number of research reports. Goldman Sachs Group Inc. cut shares of Wayfair from a “buy” rating to a “neutral” rating and cut their target price for the stock from $46.00 to $43.00 in a research report on Wednesday, August 10th. Veritas Investment Research reissued a “hold” rating on shares of Wayfair in a research report on Friday, August 5th. Zacks Investment Research lowered shares of Wayfair from a “buy” rating to a “sell” rating in a research report on Saturday, August 13th. Pacific Crest reissued an “equal weight” rating on shares of Wayfair in a research report on Sunday, August 14th. Finally, Maxim Group began coverage on shares of Wayfair in a research report on Thursday, May 26th. They issued a “buy” rating and a $50.00 price objective for the company. Fourteen analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $51.49.

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Wayfair by 70.0% in the second quarter. BlackRock Inc. now owns 2,689 shares of the company’s stock worth $105,000 after buying an additional 1,107 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in Wayfair during the second quarter worth approximately $107,000. Legal & General Group Plc raised its stake in Wayfair by 46.8% in the first quarter. Legal & General Group Plc now owns 2,957 shares of the company’s stock worth $124,000 after buying an additional 943 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Wayfair by 42.4% in the second quarter. Teacher Retirement System of Texas now owns 3,905 shares of the company’s stock worth $152,000 after buying an additional 1,163 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in Wayfair during the first quarter worth about $291,000. 71.84% of the stock is owned by institutional investors.

About Wayfair

Wayfair Inc (Wayfair) offers browsing, merchandising, product discovery and prices for a range of products from suppliers across various brands, including Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The Company offers a range of furniture, home furnishings, decor and goods. Wayfair produces editorial content both in-house and through third parties.

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