The stock of Wayfair Inc. (NYSE:W) last traded at $68.93, up 4.05% from the previous session.
W stock price is now -0.23% away from the 50-day moving average and 44.59% away from the 200-day moving average. The market capitalization of the company currently stands at $8.09B.
With the price target enhanced from $70 to $100, Oppenheimer maintained Outperform rating for Wayfair Inc. (NYSE: W).
In other news, Netzer Thomas, Chief Operating Officer sold 5,000 shares of the company’s stock on Aug 03. The stock was sold for $425,000 at an average price of $85.00. Upon completion of the transaction, the Chief Operating Officer now directly owns 104,379 shares in the company, valued at $7.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 02, Director Schaferkordt Anke sold 679 shares of the business’s stock. A total of $49,633 was realized by selling the stock at an average price of $73.10. This leaves the insider owning 9,286 shares of the company worth $0.64 million. Insiders disposed of 237,198 shares of company stock worth roughly $16.35 million over the past 1 year. A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in W stock. A new stake in Wayfair Inc. shares was purchased by RENAISSANCE TECHNOLOGIES LLC during the first quarter worth $37,622,000. TUDOR INVESTMENT CORP ET AL invested $15,227,000 in shares of W during the first quarter. In the first quarter, AMERICAN CENTURY COMPANIES INC acquired a new stake in Wayfair Inc. valued at approximately $14,261,000. MANE GLOBAL CAPITAL MANAGEMENT LP acquired a new stake in W for approximately $10,994,000. SQUAREPOINT OPS LLC purchased a new stake in W valued at around $10,344,000 in the second quarter. In total, there are 401 active investors with 114.19% ownership of the company’s stock.
With an opening price of $66.05 on Wednesday morning, Wayfair Inc. (NYSE: W) set off the trading day. During the past 12 months, Wayfair Inc. has had a low of $28.11 and a high of $90.71. The fifty day moving average price for W is $69.34 and a two-hundred day moving average price translates $47.83 for the stock.
The latest earnings results from Wayfair Inc. (NYSE: W) was released for Jun, 2023. The net profit margin was -8.70% and return on equity was 39.90% for W. The company reported revenue of $3.17 billion for the quarter, compared to $3.28 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.44 percent.
Wayfair Inc.(W) Company Profile
Wayfair Inc. engages in the e-commerce business in the United States and internationally. The company provides approximately fourty million products for the home sector under various brands. It offers online selections of furniture, décor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional. The company was founded in 2002 and is headquartered in Boston, Massachusetts.
