Wayfair Company . (NYSE:) CFO and Managing Director Kate Gulliver recently announced the sale of the company's shares of Class A common stock. According to a filing with the Securities and Exchange Commission, Gulliver sold a total of 11,728 shares in transactions on January 3 and 6, 2025. InvestingPro Data indicates a decline of approximately 18% over the past year, and it is currently trading at US$46.04 with a market cap of approximately US$5.8 billion.
The sales were executed at prices ranging from $44.87 to $47.48 per share, for a total value of approximately $539,290. These transactions were part of a mandatory sale to cover tax liabilities related to the vesting of restricted stock units, in accordance with Wayfair's policies. Following these transactions, Gulliver retains direct ownership of 124,210 Wayfair shares. InvestingPro The analysis indicates high volatility for the stock, with a beta of 3.43, while analysts maintain a moderate buy consensus with price targets ranging from $40 to $100. Get access to 6 more exclusive ProTips and comprehensive analysis with an InvestingPro subscription.
In other recent news, Loop Capital revised its price target on Wayfair stock from $50 to $55, while maintaining a Hold rating. This change comes despite Wayfair's lower forecast for fiscal 2025 adjusted EBITDA. The company also revised its sales growth forecast for next year from 1% to 2%, anticipating an increase in home-related sales due to lower interest rates. Wayfair's revenue currently stands at $11.84 billion, a 1.22% decline over the past 12 months, and a 2% decline in net revenue for the third quarter.
On the other hand, Bernstein maintained a market perform rating on Wayfair shares following the company's third-quarter performance, which showed a slight 2% decline in revenue. The company's Q4 guidance indicates a low-single-digit decline, with adjusted EBITDA margins expected between 2-4%. Wayfair's financial health score is rated “FAIR” by InvestingPro, and the company plans to increase advertising expenses to between 12-13% of revenue.
Finally, according to KeyBanc Capital Markets, Wayfair has successfully improved its EBITDA and captured market share, despite industry headwinds. The company is expected to see a low-single-digit decline in sales for the fourth quarter but remains committed to investing in pricing and marketing efforts to secure additional market share. KeyBanc maintained its sector weight rating on Wayfair amid these developments.
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