Published On: Fri, Sep 9th, 2016

Wayfair Inc. (W) COO James Savarese Sells 500 Shares

Wayfair Inc. (NYSE:W) COO James Savarese sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $40.28, for a total transaction of $20,140.00. Following the completion of the transaction, the chief operating officer now owns 603,860 shares in the company, valued at approximately $24,323,480.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
James Savarese also recently made the following trade(s):

On Wednesday, August 31st, James Savarese sold 500 shares of Wayfair stock. The stock was sold at an average price of $38.40, for a total transaction of $19,200.00.
On Wednesday, August 24th, James Savarese sold 500 shares of Wayfair stock. The stock was sold at an average price of $38.18, for a total transaction of $19,090.00.
On Wednesday, August 17th, James Savarese sold 500 shares of Wayfair stock. The stock was sold at an average price of $37.80, for a total transaction of $18,900.00.
On Monday, August 15th, James Savarese sold 1,168 shares of Wayfair stock. The stock was sold at an average price of $39.40, for a total transaction of $46,019.20.
On Wednesday, August 10th, James Savarese sold 500 shares of Wayfair stock. The stock was sold at an average price of $38.41, for a total transaction of $19,205.00.
On Wednesday, August 3rd, James Savarese sold 500 shares of Wayfair stock. The stock was sold at an average price of $46.14, for a total transaction of $23,070.00.
On Wednesday, July 27th, James Savarese sold 500 shares of Wayfair stock. The stock was sold at an average price of $40.32, for a total value of $20,160.00.
On Wednesday, July 20th, James Savarese sold 500 shares of Wayfair stock. The stock was sold at an average price of $39.67, for a total value of $19,835.00.
On Wednesday, July 13th, James Savarese sold 500 shares of Wayfair stock. The stock was sold at an average price of $41.73, for a total value of $20,865.00.
On Wednesday, July 6th, James Savarese sold 500 shares of Wayfair stock. The stock was sold at an average price of $38.57, for a total value of $19,285.00.

Wayfair Inc. (NYSE:W) traded up 1.95% during midday trading on Thursday, reaching $41.39. The company had a trading volume of 1,313,125 shares. Wayfair Inc. has a 1-year low of $28.85 and a 1-year high of $50.00. The firm has a 50-day moving average of $40.52 and a 200 day moving average of $40.52. The company’s market capitalization is $3.52 billion.

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Wayfair (NYSE:W) last announced its quarterly earnings data on Tuesday, August 9th. The company reported ($0.43) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.41) by $0.02. The business earned $755.70 million during the quarter, compared to the consensus estimate of $782.43 million. The firm’s revenue was up 60.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.15) earnings per share. On average, equities research analysts forecast that Wayfair Inc. will post ($1.67) EPS for the current year.
A number of brokerages recently commented on W. William Blair began coverage on Wayfair in a research note on Friday, June 10th. They issued a “market perform” rating for the company. Bank of America Corp. lowered Wayfair from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $54.00 to $45.00 in a research note on Wednesday, August 10th. Longbow Research began coverage on Wayfair in a research note on Thursday, June 16th. They issued a “neutral” rating for the company. Maxim Group set a $49.00 price target on Wayfair and gave the stock a “buy” rating in a research note on Tuesday, August 9th. Finally, Vetr lowered Wayfair from a “strong-buy” rating to a “buy” rating and set a $48.00 price target for the company. in a research note on Wednesday, June 8th. Fourteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Wayfair has a consensus rating of “Hold” and an average price target of $51.49.
About Wayfair
Wayfair Inc (Wayfair) offers browsing, merchandising, product discovery and prices for a range of products from suppliers across various brands, including Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The Company offers a range of furniture, home furnishings, decor and goods. Wayfair produces editorial content both in-house and through third parties.

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