In yesterday’s Wall Street session, Wayfair Inc (NYSE:W) shares traded at $65.69, up 1.47% from the previous session.
W stock price is now 18.39% away from the 50-day moving average and 11.51% away from the 200-day moving average. The market capitalization of the company currently stands at $7.91B.
With the price target of $72, Mizuho recently initiated with Buy rating for Wayfair Inc (NYSE: W). On February 16, 2024, Raymond James Upgraded its previous ‘Mkt Perform’ rating to ‘Strong Buy’ on the stock keeping its target price maintained at $65, while ‘Morgan Stanley’ rates the stock as ‘Overweight’
In other news, Netzer Thomas, Chief Operating Officer sold 984 shares of the company’s stock on Mar 18 ’24. The stock was sold for $59,611 at an average price of $60.58. Upon completion of the transaction, the Chief Operating Officer now directly owns 117,841 shares in the company, valued at $7.74 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 07 ’24, Co-Founder Conine Steven sold 10,000 shares of the business’s stock. A total of $599,061 was realized by selling the stock at an average price of $59.91. This leaves the insider owning 249,073 shares of the company worth $16.36 million. A total of 28.70% of the company’s stock is owned by insiders.
During the past 12 months, Wayfair Inc has had a low of $29.51 and a high of $90.71. The fifty day moving average price for W is $55.69 and a two-hundred day moving average price translates $59.01 for the stock.
The latest earnings results from Wayfair Inc (NYSE: W) was released for Dec, 2023. According to the Internet Retail Company, earnings per share came in at -$0.11, beating analysts’ expectations of -$0.16 by 0.05. This compares to -$3.25 EPS in the same period last year. The company reported revenue of $3.11 billion for the quarter, compared to $3.1 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.42 percent. For the current quarter, analysts expect W to generate $2.64B in revenue.
