BOSTON— Wayfair Inc . (NYSE:W) director Anke Schaferkordt recently sold 475 shares of the company’s Class A Common Stock, according to a filing with the Securities and Exchange Commission. The shares were sold at a weighted average price of $46.42, totaling approximately $22,049. The stock, which has shown significant volatility according to InvestingPro data, currently trades at $48.31, slightly above the director’s sale price. With a market capitalization of $6.1 billion, Wayfair appears slightly undervalued based on InvestingPro’s Fair Value analysis.
The transaction was carried out on February 4, 2025, as part of a mandatory sale to cover tax obligations related to the vesting of Restricted Stock Units. This sale was conducted on behalf of Schaferkordt by Wayfair Inc. and was not a discretionary trade by the director. Investors tracking this development should note that Wayfair is scheduled to report its next earnings on February 20, 2025, which could provide crucial insights into the company’s performance.
Following the transaction, Schaferkordt holds 13,554 shares of Wayfair stock. The shares were sold in multiple transactions at prices ranging from $46.14 to $46.52. The stock has shown a strong return over the last three months, with additional insights and analysis available through InvestingPro’s comprehensive research reports.
In other recent news, Wayfair has been the subject of various analyst reviews and company changes. Bernstein SocGen Group has maintained a Market Perform rating on Wayfair with a $45.00 price target, due to the potential impact of new tariffs on imported goods. In a significant shift, Wayfair has dismissed Ernst & Young as its independent registered public accounting firm, appointing PricewaterhouseCoopers as its new auditor.
Piper Sandler has reaffirmed its positive stance on Wayfair shares, maintaining an Overweight rating and a $58.00 price target, due to potential for revenue upside in Q4. Mizuho (NYSE:MFG) Securities has reiterated its Outperform rating on Wayfair with a steady price target of $60.00, following the company’s decision to cease operations in Germany.
BofA Securities has adjusted its price target for Wayfair, increasing it to $51.00 from $44.00, while maintaining a Neutral rating on the company’s shares. These recent developments provide a snapshot of the latest news surrounding Wayfair, as the company navigates changes in tariffs, auditing processes, and market operations.
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