Wayfair Inc . (NYSE: ) Chief Financial Officer and Chief Administrative Officer Kate Gulliver recently reported the sale of shares of the company’s Class A common stock. According to a filing with the Securities and Exchange Commission, Gulliver sold a total of 11,728 shares in transactions that occurred on January 3 and January 6, 2025. The shares that InvestingPro data shows it has fallen about 18% over the past year, currently trading at $46.04 with a market cap of approximately $5.8 billion.
The sale was made 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 associated with the acquisition of restricted stock units, according to Wayfair’s policy. Following these transactions, Gulliver retains direct ownership of 124,210 Wayfair shares. InvestingPro analysis indicates significant 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. With a subscription to InvestingPro, you get access to 6 more exclusive professional tips and comprehensive analysis.
In other recent news, Loop Capital revised its price target on shares of Wayfair from $50 to $55, maintaining a Hold rating. The change comes despite a cut in Wayfair’s adjusted EBITDA forecast for fiscal 2025. The company also revised its sales growth expectations for the coming 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, down 1.22% over the last twelve months and net income down 2% in the third quarter.
Bernstein, on the other hand, maintained a market perform rating on Wayfair’s stock following the company’s third-quarter results, which showed a slight 2% decline in revenue. The company’s fourth-quarter guidance shows a low single-digit decline, with adjusted EBITDA margins projected between 2-4%. Wayfair’s financial health rating is rated “FAIR” by InvestingPro, and the company plans to increase advertising spending to between 12-13% of revenue.
Finally, according to KeyBanc Capital Markets, Wayfair is successfully improving its EBITDA and gaining market share, despite industry headwinds. The company is expected to post a low single-digit sales decline in 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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