A Major Shareholder at Wayfair (NYSE: W) is Selling Shares

By George MacDonald

Yesterday, a Major Shareholder at Wayfair (NYSE: W), Great Hill Equity Partners Lp, sold shares of W for $19.12M.

In addition to Great Hill Equity Partners Lp, 32 other W executives reported Sell trades in the last month. Following Great Hill Equity Partners Lp’s last W Sell transaction on January 05, 2015, the stock climbed by 16.2%.

Based on Wayfair`s latest earnings report from March 31, the company posted quarterly revenue of $747.3M and GAAP net loss of $41.21M. In comparison, last year the company earned revenue of $491.8M and had a GAAP net loss of $19.33M. The company has a one year high of $50 and a one year low of $28.85. Currently, Wayfair has an average volume of 533.5K.

Based on 10 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $50.86, reflecting a -24.3% downside. One of the top 25 analysts, according to TipRanks.com, recently recommended Hold W with a $45 price target.

In the last 30 days, insiders have sold $38.23M worth of W shares and purchased $1.67M worth of W shares. Over the last 3 months, the insider sentiment on Wayfair has been negative based on 372 corporate insider transactions. This sentiment is lower than the average sector sentiment of insiders.

Wayfair, Inc. operates an online home furnishing store. It offers a selection of home furnishings and decor across all styles and price points. The company operates e-commerce business model, which offers visually inspiring browsing, compelling merchandising and easy product discovery for various products across five distinct brands Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. Wayfair was founded by Steven K. Conine and Niraj S. Shah in May 2002 and is headquartered in Boston, MA.