The stock of Wayfair Inc (NYSE:W) last traded at $71.28, down -0.13% from the previous session.
W stock price is now 16.39% away from the 50-day moving average and 21.14% away from the 200-day moving average. The market capitalization of the company currently stands at $8.69B.
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With the price target reduced from $62 to $61, RBC Capital Mkts maintained Sector Perform rating for Wayfair Inc (NYSE: W). On April 04, 2024, Evercore ISI Upgraded its previous ‘In-line’ rating to ‘Outperform’ on the stock increasing its target price from $65 to quote $80, while ‘Mizuho’ rates the stock as ‘Buy’
In other news, Conine Steven, Co-Founder sold 10,000 shares of the company’s stock on May 07 ’24. The stock was sold for $682,588 at an average price of $68.26. Upon completion of the transaction, the Co-Founder now directly owns 229,073 shares in the company, valued at $16.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 07 ’24, Chief Executive Officer Shah Niraj sold 10,000 shares of the business’s stock. A total of $680,330 was realized by selling the stock at an average price of $68.03. This leaves the insider owning 229,137 shares of the company worth $16.33 million. A total of 28.31% of the company’s stock is owned by insiders.
During the past 12 months, Wayfair Inc has had a low of $33.85 and a high of $90.71.
According to the Internet Retail Company, earnings per share came in at 0.21, beating analysts’ expectations of -0.74 by 0.95. This compares to -$3.23 EPS in the same period last year. The company reported revenue of $2.73 billion for the quarter, compared to $2.77 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.62 percent. For the current quarter, analysts expect W to generate $3.19B in revenue.
