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 withholding tax obligations related to the acquisition of restricted stock units. The sale comes as Wayfair, currently valued at $5.8 billion, shows a “FAIR” overall financial health rating according to 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. After this sale, Blotner holds 63,568 Wayfair shares. Stock, which InvestingPro shows that it is currently fairly valued, it has seen significant volatility, trading between $37.35 and $76.17 over the past 52 weeks.
These sales were not discretionary trades by Blotner, but were mandatory under Wayfair rules. Shares were sold in multiple transactions over two days, with prices varying within set ranges. The company undertook to provide detailed information on the number of shares sold at each price upon request. Investors following Wayfair should note that the company’s next earnings report is scheduled for February 20, 2025. For deeper insights into Wayfair’s valuation and financial health, access the extensive Pro Research Report available at InvestingPro.
In other recent news, Wayfair has been subject to multiple analysts’ adjustments. Loop Capital raised its price target on Wayfair from $50 to $55, maintaining a Hold rating on the stock, despite the company’s downgrade to Wayfair’s fiscal 2025 adjusted EBITDA forecast. They also adjusted their sales growth expectations for next year from 1% to 2%, predicting that lower interest rates will favor home-related sales.
Meanwhile, Bernstein maintained a market perform rating on Wayfair shares following the company’s third-quarter revenue, which showed a slight 2% year-over-year decline to $11.84 billion. Wayfair’s fourth-quarter guidance points to a low-single-digit decline from last year.
KeyBanc Capital Markets maintained its Sector Weight rating on Wayfair, recognizing 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 after the Black Friday sales weekend, and Wayfair Inc . shows strong momentum. The firm now has a bias toward Q4 estimates for Wayfair Inc. These are recent developments in Wayfair’s business operations.
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