BOSTON – John Plotner, President of Business and Operations at Wayfair Company . (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, which were executed on January 3 and 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 an overall “FAIR” score for financial health according to InvestingPro analysis.
Blotner sold a total of 9,487 shares, with selling prices ranging from $44.87 to $47.27 per share. The transactions resulted in a total value of approximately $435,075. Following these sales, Plotner now owns 63,568 Wayfair shares. The arrow that InvestingPro The current value is fairly low, and it has seen significant fluctuations, trading between $37.35 and $76.17 over the past 52 weeks.
These sales were not discretionary deals by Blotner but were required under Wayfair's policies. Shares were sold in multiple trades over the two days, with prices ranging within specific ranges. The company has committed to providing detailed information about the number of shares sold at each price upon request. Investors tracking Wayfair should note that the company's next earnings report is scheduled to be released on February 20, 2025. For deeper insights into Wayfair's valuation and financial health, access Pro Research's comprehensive report available at InvestingPro.
In other recent news, Wayfair has been the subject of multiple revisions by analysts. Loop Capital increased its price target on Wayfair stock from $50 to $55, maintaining a Hold rating on the stock, despite lowering the company's fiscal 2025 adjusted EBITDA forecast for Wayfair. They also revised their sales growth forecast for 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 2% decline year-over-year to $11.84 billion. Wayfair's fourth-quarter guidance indicated a low-single-digit year-over-year decline.
KeyBanc Capital Markets maintained its Sector Weight rating on Wayfair, recognizing the company's ability to improve EBITDA and gain market share even as the industry faces headwinds. They revised their 2025 sales and EBITDA forecasts for Wayfair lower in light of ongoing economic difficulties.
A leading investment firm has announced a positive outlook for several mattress and furniture retailers following the Black Friday sales weekend, as Wayfair Inc. showed… Strong momentum. The company now maintains an upward bias on Wayfair Inc.'s fourth-quarter estimates. These are the latest developments in Wayfair's business operations.
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