In yesterday’s Wall Street session, Wayfair Inc (NYSE:W) shares traded at $62.72, up 0.50% from the previous session.
W stock price is now 9.20% away from the 50-day moving average and 5.34% away from the 200-day moving average. The market capitalization of the company currently stands at $7.55B.
With the price target enhanced from $65 to $80, Evercore ISI Upgraded its rating from In-line to Outperform for Wayfair Inc (NYSE: W). On March 19, 2024, Mizuho recently initiated its ‘Buy’ rating on the stock quoting a target price of $72, while ‘Raymond James’ rates the stock as ‘Strong Buy’
In other news, Tan Fiona, Chief Technology Officer sold 5,315 shares of the company’s stock on Apr 02 ’24. The stock was sold for $335,153 at an average price of $63.06. Upon completion of the transaction, the Chief Technology Officer now directly owns 51,095 shares in the company, valued at $3.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 02 ’24, CFO and Chief Admin Officer Gulliver Kate sold 3,696 shares of the business’s stock. A total of $233,171 was realized by selling the stock at an average price of $63.09. This leaves the insider owning 89,555 shares of the company worth $5.62 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 $57.43 and a two-hundred day moving average price translates $59.54 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.
