There has been a significant shift in the fundamentals for Warby Parker Inc (NYSE:WRBY)

Warby Parker Inc (NYSE:WRBY) shares traded -6.53% lower at $10.16 on Wall Street last session.

In accordance with the data, 16 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 $11.00, we find $14.00. Given the previous closing price of $10.87, this indicates a potential upside of 28.79 percent. WRBY stock price is now -22.13% away from the 50-day moving average and -19.15% away from the 200-day moving average. The market capitalization of the company currently stands at $1.18B.

It has been rated a hold by 8 analysts and a buy by 6. Brokers who have rated the stock have averaged $15.38 as their price target over the next twelve months.

With the price target maintained at $17, BTIG Research recently Upgraded its rating from Neutral to Buy for Warby Parker Inc (NYSE: WRBY).

In other news, Miller Steven Clive, Chief Financial Officer sold 7,607 shares of the company’s stock on Sep 08. The stock was sold for $90,675 at an average price of $11.92. Upon completion of the transaction, the Chief Financial Officer now directly owns 187,252 shares in the company, valued at $1.9 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 08, Co-Chief Executive Officer Blumenthal Neil Harris sold 5,016 shares of the business’s stock. A total of $59,791 was realized by selling the stock at an average price of $11.92. This leaves the insider owning 106 shares of the company worth $1076.96. Insiders disposed of 3,633,889 shares of company stock worth roughly $36.92 million over the past 1 year. A total of 28.69% of the company’s stock is owned by insiders.

Warby Parker Inc (NYSE: WRBY) opened at $10.89 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 0.56, a current ratio of 2.61, and a quick ratio of 2.07. The fifty day moving average price for WRBY is $13.05 and a two-hundred day moving average price translates $12.57 for the stock.

The latest earnings results from Warby Parker Inc (NYSE: WRBY) was released for Sep, 2023. According to the Medical Instruments & Supplies Company, earnings per share came in at $0.04, beating analysts’ expectations of $0.02 by 0.02. This compares to -$0.21 EPS in the same period last year. The net profit margin was -11.18% and return on equity was -24.25% for WRBY. The company reported revenue of $169.85 million for the quarter, compared to $148.78 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.16 percent. For the current quarter, analysts expect WRBY to generate $164.59M 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.

Related Posts