Warby Parker Inc. (NYSE:WRBY – Get Free Report) has earned an average rating of “Hold” from the eight brokerages that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $17.63.
A number of equities research analysts have recently commented on WRBY shares. JMP Securities assumed coverage on shares of Warby Parker in a research report on Wednesday, May 24th. They issued a “market perform” rating for the company. Telsey Advisory Group reissued an “outperform” rating and issued a $19.00 price objective on shares of Warby Parker in a report on Wednesday. William Blair assumed coverage on shares of Warby Parker in a report on Tuesday, June 27th. They issued a “market perform” rating for the company. Finally, Robert W. Baird dropped their price objective on shares of Warby Parker from $20.00 to $18.00 in a report on Wednesday, May 10th.
Insiders Place Their Bets
In other Warby Parker news, CFO Steven Clive Miller sold 7,652 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $11.69, for a total transaction of $89,451.88. Following the completion of the transaction, the chief financial officer now owns 176,377 shares of the company’s stock, valued at $2,061,847.13. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO Steven Clive Miller sold 7,652 shares of Warby Parker stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $11.69, for a total value of $89,451.88. Following the completion of the transaction, the chief financial officer now owns 176,377 shares in the company, valued at $2,061,847.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David Abraham Gilboa sold 5,043 shares of Warby Parker stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $11.69, for a total transaction of $58,952.67. Following the completion of the transaction, the chief executive officer now owns 235 shares of the company’s stock, valued at approximately $2,747.15. The disclosure for this sale can be found here. Insiders sold a total of 364,352 shares of company stock valued at $4,379,630 over the last 90 days. 26.91% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Warby Parker Stock Up 0.3 %
Shares of NYSE WRBY opened at $14.90 on Friday. The firm has a 50-day simple moving average of $12.72 and a 200-day simple moving average of $12.49. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of -19.61 and a beta of 1.99. Warby Parker has a 52 week low of $9.50 and a 52 week high of $18.99.
Warby Parker (NYSE:WRBY – Get Free Report) last issued its earnings results on Tuesday, May 9th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). The business had revenue of $171.97 million during the quarter, compared to analyst estimates of $166.24 million. Warby Parker had a negative net margin of 14.11% and a negative return on equity of 25.89%. As a group, equities research analysts expect that Warby Parker will post -0.29 EPS for the current year.
About Warby Parker
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.
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