Warby Parker Inc. (NYSE:WRBY) shares traded 1.09% higher at $14.86 on Wall Street last session.
In accordance with the data, 15 analysts cover Warby Parker Inc. (NYSE:WRBY). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $22.00 and a low of $12.00, we find $14.00. Given the previous closing price of $14.70, this indicates a potential downside of -4.76 percent. WRBY stock price is now 18.22% away from the 50-day moving average and 10.50% away from the 200-day moving average. The market capitalization of the company currently stands at $1.71B.
It has been rated a hold by 9 analysts and a buy by 4. Brokers who have rated the stock have averaged $15.73 as their price target over the next twelve months.
In other news, Durable Capital Partners LP, 10% Owner sold 24,151 shares of the company’s stock on Jun 22. The stock was sold for $287,638 at an average price of $11.91. Upon completion of the transaction, the 10% Owner now directly owns 10,093,098 shares in the company, valued at $149.98 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 21, 10% Owner Durable Capital Partners LP sold 218,088 shares of the business’s stock. A total of $2,597,105 was realized by selling the stock at an average price of $11.91. This leaves the insider owning 10,117,249 shares of the company worth $150.34 million. Insiders disposed of 4,818,161 shares of company stock worth roughly $71.6 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 DUQUESNE FAMILY OFFICE LLC during the first quarter worth $9,607,000. RENAISSANCE TECHNOLOGIES LLC invested $5,639,000 in shares of WRBY during the first quarter. In the first quarter, PORTOLAN CAPITAL MANAGEMENT, LLC acquired a new stake in Warby Parker Inc. valued at approximately $3,691,000. SQUAREPOINT OPS LLC acquired a new stake in WRBY for approximately $3,116,000. SOVIERO ASSET MANAGEMENT, LP purchased a new stake in WRBY valued at around $1,486,000 in the second quarter. In total, there are 228 active investors with 98.59% ownership of the company’s stock.
Warby Parker Inc. (NYSE: WRBY) opened at $14.63 on Thursday. During the past 12 months, Warby Parker Inc. has had a low of $9.50 and a high of $18.99. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.60, and a quick ratio of 2.00. The fifty day moving average price for WRBY is $12.63 and a two-hundred day moving average price translates $13.45 for the stock.
The latest earnings results from Warby Parker Inc. (NYSE: WRBY) was released for Mar, 2023. According to the Medical Instruments & Supplies Company, earnings per share came in at $0.06, beating analysts’ expectations of $0.04 by 0.02. This compares to -$0.30 EPS in the same period last year. The net profit margin was -14.10% and return on equity was -30.30% for WRBY. The company reported revenue of $171.97 million for the quarter, compared to $153.22 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.24 percent. For the current quarter, analysts expect WRBY to generate $162.49M in revenue.
Warby Parker Inc.(WRBY) Company Profile
Warby Parker Inc. provides eyewear products. The company offers eyeglasses, sunglasses, light-responsive lenses, blue-light-filtering lenses, and contact lenses. It also provides accessories, such as cases, lenses kit with anti-fog spray, pouches, and anti-fog lens spray through its retail stores, website, and mobile apps. In addition, the company offers eye exams and vision tests. Warby Parker Inc. was incorporated in 2009 and is headquartered in New York, New York.
