Yesterday, a Director at Wayfair Inc (W), Michael Andrew Kumin, bought shares of W for $1.65M.
Following Michael Andrew Kumin’s last W Buy transaction on August 30, 2017, the stock climbed by 21.7%. Following this transaction Michael Andrew Kumin’s holding in the company was increased by 11.63% to a total of $16.25 million.
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Based on Wayfair Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $1.71 billion and GAAP net loss of $152 million. In comparison, last year the company earned revenue of $1.2 billion and had a GAAP net loss of $76.43 million. Currently, Wayfair Inc has an average volume of 3M.
Based on 16 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $125.40, reflecting a 37.0% upside. Seven different firms, including Canaccord Genuity and Cowen & Co., currently also have a Buy rating on the stock.
In the last 30 days, insiders have sold $3,763 worth of W shares and purchased $1.91M worth of W shares. The insider sentiment on Wayfair Inc has been negative according to 311 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Michael Andrew Kumin’s trades have generated a -82.7% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Wayfair, Inc. engages in an online home furnishing store. It offers a selection of home furnishings and decor across all styles and price points. It operates through the U.S. and International segments.
