Wayfair CEO Niraj Shah sells shares worth $1.45 million By Investing.com

After these transactions, Shah retains direct ownership of 589,137 shares. In addition, he holds 22,857 shares indirectly through SK Ventures LLC, where he is a member and may be deemed a beneficial owner. The sales were made pursuant to a Rule 10b5-1 trading plan, which Shah had accepted on August 15, 2024. While the company faces short-term liquidity challenges, InvestingPro: analysis shows analysts expect a return to profitability this year.For deeper insights into Wayfair’s (NYSE:) financial health and detailed insider trading patterns, investors can access Pro Research’s comprehensive report, available exclusively from InvestingPro While the company faces short-term liquidity challenges, InvestingPro: analysis shows analysts expect a return to profitability this year.For deeper insights into Wayfair’s financial health and detailed insider trading patterns, investors can access Pro Research’s comprehensive report, available exclusively to InvestingPro subscribers.

After these transactions, Shah retains direct ownership of 589,137 shares. In addition, he holds 22,857 shares indirectly through SK Ventures LLC, of ​​which he is a member and may be deemed a beneficial owner. The sales were made pursuant to a Rule 10b5-1 trading plan, which Shah accepted on August 15, 2024.

In other recent news, Wayfair has seen significant developments in its operations.The company has decided to close its operations in Germany, affecting approximately 730 jobs. The move is part of a broader restructuring plan aimed at redirecting cost savings to core internal operations, with a charge of between $102 million and $111 million expected.The company has trailing twelve-month revenue of $11.84 billion and a current market capitalization of is 5.64 billion dollars.

Several analysts have presented their views on these developments. Piper Sandler reaffirmed its Overweight rating on shares of Wayfair, highlighting the potential for earnings growth in Q4. Mizuho (NYSE:) Securities maintained its Outperform rating, while BofA Securities raised its price target on Wayfair to $51, maintaining a Neutral rating. Loop Capital also raised its price target on Wayfair shares to $55 from $50. maintaining the maintenance rating.

These are the latest developments that could influence investors’ decisions.Analysts are forecasting EPS of $0.43 this year.Piper Sandler expects Wayfair to continue to see earnings growth in Q1 2025, defying the general expectation of a decline. These projections are based on various data that suggest strong industry growth in Q4 2024.

This article is powered by AI and reviewed by an editor. See our T&C for more information.