BOSTON – Jon Blotner, President of Marketing and Operations at the Wayfair Inc . (NYSE:), recently sold shares of the company's Class A common stock, according to its most recent filing with the Securities and Exchange Commission. The transactions, which took place on January 3 and January 6, 2025, were part of a mandatory sale to cover withholding tax obligations related to the issuance of restricted stock units. The sale comes as Wayfair, currently valued at $5.8 billion, is showing a “FAIR” overall financial health rating. InvestingPro analysis.
Blotner sold a total of 9,487 shares, with sales 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 owns 63,568 shares of Wayfair. Stock, that is InvestingPro shows that it is currently reasonably priced, it has experienced significant volatility, trading between $37.35 and $76.17 over the past 52 weeks.
These ads were not commercials that Blotner could see but were required under Wayfair's policies. Shares were traded in multiple transactions over two days, with prices varying within a specified range. The company undertakes to provide further details 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 in-depth information on Wayfair's valuation and financial health, access our extensive Pro Research Report available InvestingPro.
In other recent news, Wayfair has been the subject of multiple analyst ratings. Loop Capital increased the share price target for Wayfair from $50 to $55, maintaining a Hold rating on the stock, despite the reduction in the firm's forecast for Wayfair's fiscal year 2025 Adjusted EBITDA. They revised their expectations for sales growth next year from 1% to 2%, expecting that low 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% year-over-year decline to $11.84 billion. Wayfair's fourth-quarter guidance showed 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 as the industry faces headwinds. They revised their 2025 sales and EBITDA forecasts for Wayfair downward due to the ongoing economic crisis.
A leading investment firm reported a positive outlook for several mattress and furniture retailers after the Black Friday shopping weekend, with Wayfair Inc. showing a powerful force. The firm currently has bias on Wayfair Inc.'s fourth-quarter estimates. This is the latest development in Wayfair's business operations.
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