The stock of Wayfair Inc (NYSE:W) last traded at $62.75, up 1.65% from the previous session.
W stock price is now 7.73% away from the 50-day moving average and 5.06% 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, Conine Steven, Co-Founder sold 10,000 shares of the company’s stock on Apr 08 ’24. The stock was sold for $646,182 at an average price of $64.62. Upon completion of the transaction, the Co-Founder now directly owns 239,073 shares in the company, valued at $15.0 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 08 ’24, Chief Executive Officer Shah Niraj sold 10,000 shares of the business’s stock. A total of $645,790 was realized by selling the stock at an average price of $64.58. This leaves the insider owning 239,137 shares of the company worth $15.01 million. A total of 28.75% 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 $58.47 and a two-hundred day moving average price translates $59.75 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.
