Stocks of Warby Parker Inc. (NYSE:WRBY) traded higher last session on Wall Street, up 4.72% to $17.54.
WRBY stock price is now 12.91% away from the 50-day moving average and 5.44% away from the 200-day moving average. The market capitalization of the company currently stands at $1.98B.
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With the price target of $20, Wolfe Research recently initiated with Outperform rating for Warby Parker Inc. (NYSE: WRBY). On July 22, 2022, Piper Sandler recently initiated its ‘Overweight’ rating on the stock quoting a target price of $20, while ‘Goldman’ rates the stock as ‘Neutral’.
In other news, Gilboa David Abraham, Co-Chief Executive Officer sold 10,738 shares of the company’s stock on Dec 14. The stock was sold for $168,863 at an average price of $15.73. Upon completion of the transaction, the Co-Chief Executive Officer now directly owns 235 shares in the company, valued at $4121.9. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 14, Co-Chief Executive Officer Blumenthal Neil Harris sold 10,738 shares of the business’s stock. A total of $168,863 was realized by selling the stock at an average price of $15.73. This leaves the insider owning 106 shares of the company worth $1859.24. Insiders disposed of 3,243,825 shares of company stock worth roughly $56.9 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WRBY stock. A new stake in Warby Parker Inc. shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $175,386,000. ENGLE CAPITAL MANAGEMENT, L.P. invested $9,647,000 in shares of WRBY during the first quarter. In the first quarter, GILDER GAGNON HOWE & CO LLC acquired a new stake in Warby Parker Inc. valued at approximately $7,774,000. INHERENT GROUP, LP acquired a new stake in WRBY for approximately $7,376,000. SCHRODER INVESTMENT MANAGEMENT GROUP purchased a new stake in WRBY valued at around $4,927,000 in the second quarter.
Wednesday’s opening bell rang with an opening price of $16.87 for Warby Parker Inc. (NYSE: WRBY). During the past 12 months, Warby Parker Inc. has had a low of $10.86 and a high of $40.83. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.50, and a quick ratio of 1.90. The fifty day moving average price for WRBY is $15.53 and a two-hundred day moving average price translates $16.63 for the stock.
The latest earnings results from Warby Parker Inc. (NYSE: WRBY) was released for Jun, 2022. According to the Medical Instruments & Supplies Company, earnings per share came in at -$0.01, beating analysts’ expectations of -$0.02 by 0.01. This compares to -$1.45 EPS in the same period last year. The net profit margin was -23.30% and return on equity was -48.00% for WRBY. The company reported revenue of $148.78 million for the quarter, compared to $137.37 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.3 percent. For the current quarter, analysts expect WRBY to generate $144.62M in revenue.
Warby Parker Inc.(WRBY) Company Profile
Warby Parker Inc. provides eyewear products. It offers eyeglasses, sunglasses, light-responsive lenses, blue-light-filtering lenses, and contact lenses, as well as accessories, including cases, lenses kit with anti-fog spray, pouches, and anti-fog lens spray. The company also offers eye exams and vision tests directly to consumers through its retail stores, website, and mobile apps. As of May 16, 2022, it had 160 retail stores in the United States and Canada. The company was formerly known as JAND, Inc. and changed its name to Warby Parker Inc. in June 2021. Warby Parker Inc. was incorporated in 2009 and is headquartered in New York, New York.
