Wayfair Inc (W) Director Robert James Gamgort Purchases 2,850 Shares
Wayfair Inc (NYSE:W) Director Robert James Gamgort purchased 2,850 shares of Wayfair stock in a transaction dated Friday, November 16th. The stock was bought at an average price of $89.51 per share, with a total value of $255,103.50. Following the completion of the purchase, the director now directly owns 31,225 shares of the company’s stock, valued at $2,794,949.75. The purchase was disclosed in a legal filing with the SEC, which is available through this link.
NYSE:W opened at $87.52 on Wednesday. Wayfair Inc has a 1-year low of $60.53 and a 1-year high of $151.20. The stock has a market capitalization of $7.46 billion, a P/E ratio of -31.26 and a beta of 1.84.
Wayfair (NYSE:W) last released its quarterly earnings data on Thursday, November 1st. The company reported ($1.28) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.09) by ($0.19). The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the business posted ($0.65) earnings per share. Wayfair’s revenue for the quarter was up 42.4% compared to the same quarter last year. As a group, analysts anticipate that Wayfair Inc will post -5.64 EPS for the current year.
A number of analysts have recently commented on the stock. William Blair reiterated a “market perform” rating on shares of Wayfair in a research note on Monday, November 5th. Wedbush reduced their price target on shares of Wayfair from $105.00 to $100.00 and set a “neutral” rating for the company in a research note on Tuesday, November 6th. JPMorgan Chase & Co. reduced their price target on shares of Wayfair from $115.00 to $110.00 and set a “neutral” rating for the company in a research note on Friday, November 2nd. Citigroup reduced their price target on shares of Wayfair from $140.00 to $105.00 and set a “neutral” rating for the company in a research note on Friday, November 2nd. Finally, Canaccord Genuity decreased their price target on shares of Wayfair from $165.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $126.06.
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Wayfair Company Profile
Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. The company offers approximately 10 million products for the home sector under various brands. It offers a selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, such as Wayfair, Joss & Main, AllModern, DwellStudio, Perigold, and Birch Lane.
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