BOSTON—Jon Blotner, president of commercial and operations at Wayfair Inc . (NYSE: ), recently sold part of its stake in the company. The sale comes at a time when Wayfair shares have experienced significant volatility, s InvestingPro data show a drop of about 25% in the past six months. According to a filing with the Securities and Exchange Commission, Blotner sold 5,669 shares of the company’s Class A stock on Jan. 13, 2025. The shares were sold at a price of $42.83 each, resulting in a total transaction value of $242,803. Based on InvestingPro By fair value analysis, Wayfair appears to be trading below its intrinsic value, with analyst price targets ranging from $40 to $100.
After the sale, Blotner retains ownership of 57,899 shares in Wayfair. The transaction was executed under a Rule 10b5-1 trading plan adopted on November 30, 2023. For deeper insights into insider transactions and comprehensive analysis, including 6 additional ProTips and detailed financial metrics, visit InvestingPro.
In other recent news, Wayfair Inc . he made big changes in his business. The online home goods retailer has ceased operations in Germany, affecting approximately 730 jobs. This decision is part of a broader restructuring plan that will result in costs between $102 million and $111 million. Savings from the move are expected to be reinvested in the company’s core initiatives and remaining international operations.
In analyst news, Mizuho (NYSE: ) Securities maintained an Outperform rating on Wayfair, while BofA Securities raised its price target on Wayfair to $51, maintaining a Neutral rating. Piper Sandler upgraded Wayfair, projecting potential sales growth, and assigned it an “Overweight” rating with a $58 price target. Loop Capital also raised its price target on Wayfair to $55 from $50, maintaining a hold rating.
Although Wayfair is not currently profitable, analysts expect profitability with projected earnings per share (EPS) of $0.43. These recent events highlight the ongoing changes and expectations for Wayfair’s business.
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