Jon Blotner Sells 4,144 Shares of Wayfair Inc. (NYSE:W) Stock

Wayfair Inc. (NYSE:W) insider Jon Blotner sold 4,144 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $60.52, for a total value of $250,794.88. Following the transaction, the insider now owns 37,957 shares in the company, valued at approximately $2,297,157.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Jon Blotner also recently made the following trade(s):

• On Thursday, April 4th, Jon Blotner sold 3,022 shares of Wayfair stock. The stock was sold at an average price of $64.94, for a total value of $196,248.68.
• On Tuesday, April 2nd, Jon Blotner sold 3,282 shares of Wayfair stock. The stock was sold at an average price of $63.10, for a total value of $207,094.20.
• On Monday, February 5th, Jon Blotner sold 3,492 shares of Wayfair stock. The stock was sold at an average price of $50.34, for a total value of $175,787.28.

Wayfair Stock Down 0.0 %

W stock opened at $54.73 on Friday. Wayfair Inc. has a 1 year low of $29.51 and a 1 year high of $90.71. The company has a fifty day simple moving average of $59.42 and a 200 day simple moving average of $55.17.

Wayfair (NYSE:W) last released its earnings results on Thursday, February 22nd. The company reported ($1.46) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.54) by $0.08. The firm had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.10 billion. As a group, sell-side analysts forecast that Wayfair Inc. will post -3.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

W has been the topic of a number of research reports. Evercore ISI upgraded Wayfair from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $65.00 to $80.00 in a report on Thursday, April 4th. Citigroup upped their price target on Wayfair from $73.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Truist Financial lowered their price target on Wayfair from $65.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, February 23rd. Canaccord Genuity Group restated a “buy” rating and issued a $80.00 price target on shares of Wayfair in a report on Friday, February 23rd. Finally, Barclays lowered their price target on Wayfair from $85.00 to $60.00 and set an “equal weight” rating on the stock in a report on Thursday, January 4th. Ten analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $77.03.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in W. Riverview Trust Co bought a new stake in Wayfair in the first quarter valued at about $27,000. Quarry LP acquired a new stake in shares of Wayfair in the 4th quarter valued at $28,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Wayfair during the fourth quarter worth $29,000. GAMMA Investing LLC acquired a new position in shares of Wayfair during the fourth quarter valued at $31,000. Finally, BluePath Capital Management LLC acquired a new stake in Wayfair in the third quarter worth about $34,000. Institutional investors own 89.67% of the company’s stock.

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.