Wayfair (NYSE:W) Trading 16.1% Higher – Here’s What Happened

12 Apr 2025, 01:16 by Tristan Rich · The Markets Daily

Wayfair Inc. (NYSE:W – Get Free Report) shares were up 16.1% on Wednesday . The stock traded as high as $26.31 and last traded at $28.04. 4,810,829 shares changed hands during trading, a decline of 3% from the average daily volume of 4,947,846 shares. The stock had previously closed at $24.14.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 target price on shares of Wayfair in a research report on Friday, February 21st. Stifel Nicolaus cut their price objective on Wayfair from $47.00 to $46.00 and set a “hold” rating on the stock in a report on Friday, February 21st. JPMorgan Chase & Co. decreased their target price on shares of Wayfair from $63.00 to $50.00 and set an “overweight” rating for the company in a report on Monday, March 10th. Citigroup lowered shares of Wayfair from a “buy” rating to a “neutral” rating and cut their price target for the company from $58.00 to $28.00 in a report on Friday, April 4th. Finally, Piper Sandler set a $58.00 price objective on shares of Wayfair and gave the stock an “overweight” rating in a research note on Friday, February 21st. Fifteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Wayfair presently has an average rating of “Hold” and an average target price of $54.16.

Check Out Our Latest Stock Report on W

Wayfair Stock Up 2.4 %

The stock’s 50-day moving average price is $36.89 and its 200 day moving average price is $43.64. The company has a market cap of $3.42 billion, a P/E ratio of -6.69 and a beta of 3.72.

Wayfair (NYSE:W – Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported ($0.96) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.01). The business had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.07 billion. Analysts expect that Wayfair Inc. will post -2.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Wayfair

In other Wayfair news, insider Jon Blotner sold 19,257 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $31.68, for a total value of $610,061.76. Following the completion of the sale, the insider now owns 78,308 shares in the company, valued at approximately $2,480,797.44. This trade represents a 19.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Fiona Tan sold 23,835 shares of Wayfair stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $31.92, for a total value of $760,813.20. Following the sale, the chief technology officer now directly owns 111,128 shares in the company, valued at $3,547,205.76. The trade was a 17.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 128,532 shares of company stock valued at $5,090,232 in the last 90 days. 23.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Wayfair

A number of institutional investors have recently bought and sold shares of the business. Chemistry Wealth Management LLC grew its stake in shares of Wayfair by 16.1% in the 1st quarter. Chemistry Wealth Management LLC now owns 39,781 shares of the company’s stock valued at $1,274,000 after purchasing an additional 5,526 shares during the period. Rhumbline Advisers grew its position in Wayfair by 4.3% in the first quarter. Rhumbline Advisers now owns 91,272 shares of the company’s stock valued at $2,923,000 after acquiring an additional 3,725 shares during the period. GAMMA Investing LLC raised its stake in Wayfair by 5,850.4% during the first quarter. GAMMA Investing LLC now owns 42,248 shares of the company’s stock worth $1,319,000 after acquiring an additional 41,538 shares in the last quarter. California State Teachers Retirement System lifted its holdings in shares of Wayfair by 0.4% during the fourth quarter. California State Teachers Retirement System now owns 87,089 shares of the company’s stock valued at $3,860,000 after acquiring an additional 383 shares during the period. Finally, Employees Retirement System of Texas boosted its stake in shares of Wayfair by 28.5% in the 4th quarter. Employees Retirement System of Texas now owns 35,270 shares of the company’s stock valued at $1,563,000 after purchasing an additional 7,813 shares in the last quarter. Institutional investors and hedge funds own 89.67% of the company’s stock.

About Wayfair

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