BOSTON—Jon Blotner, President of Commercial and Operations at Wayfair Inc . (NYSE:), recently sold shares of the company’s Class A common stock, according to a recent filing with the Securities and Exchange Commission. The transactions, executed on January 3 and January 6, 2025, were part of a mandatory sale to cover tax withholding obligations related to the vesting of restricted stock units. The sale comes as Wayfair, currently valued at $5.8 billion, shows a “FAIR” overall financial health score according to InvestingPro analysis.
Blotner sold a total of 9,487 shares, with sale prices ranging from $44.87 to $47.27 per share. The transactions resulted in a total value of approximately $435,075. Following these sales, Blotner holds 63,568 shares of Wayfair. The stock, which InvestingPro indicates is currently fairly valued, has experienced significant volatility, trading between $37.35 and $76.17 over the past 52 weeks.
These sales were not discretionary trades by Blotner but were required under Wayfair’s policies. The shares were sold in multiple transactions over the two days, with prices varying within specified ranges. The company has committed to providing detailed information on the number of shares sold at each price upon request. Investors tracking Wayfair should note the company’s next earnings report is scheduled for February 20, 2025. For deeper insights into Wayfair’s valuation and financial health, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Wayfair has been the subject of multiple analyst adjustments. Loop Capital increased the shares price target for Wayfair from $50 to $55, keeping a Hold rating on the stock, despite a reduction in the firm’s forecast for Wayfair’s fiscal year 2025 Adjusted EBITDA. They also adjusted their sales growth expectations for the next year from 1% to 2%, anticipating that lower interest rates will benefit home-related sales.
Meanwhile, Bernstein maintained a Market Perform rating on Wayfair shares following the company’s third-quarter revenue performance, which showed a slight decline of 2% year-over-year to $11.84 billion. Wayfair’s guidance for the fourth quarter indicated a low single-digit year-over-year decline.
KeyBanc Capital Markets maintained its Sector Weight rating on Wayfair, acknowledging the company’s ability to improve EBITDA and capture market share even as the industry faces headwinds. They adjusted their 2025 sales and EBITDA forecasts for Wayfair downward in light of ongoing economic difficulties.
A leading investment firm reported a positive outlook for several mattress and furniture retailers following the Black Friday sales weekend, with Wayfair Inc. showing strong momentum. The firm now holds an upside bias to fourth-quarter estimates for Wayfair Inc. These are the recent developments in Wayfair’s business operations.
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