Warby Parker Inc. (NYSE:WRBY) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Warby Parker Inc. (NYSE:WRBYGet Free Report) have been given an average rating of “Hold” by the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $16.29.

Several research firms recently commented on WRBY. Morgan Stanley boosted their price target on Warby Parker from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Telsey Advisory Group restated an “outperform” rating and set a $19.00 price objective on shares of Warby Parker in a report on Wednesday, February 28th.

View Our Latest Stock Report on WRBY

Insider Activity

In other news, CEO David Abraham Gilboa sold 52,065 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $12.20, for a total value of $635,193.00. Following the completion of the sale, the chief executive officer now directly owns 12,306 shares in the company, valued at approximately $150,133.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO David Abraham Gilboa sold 52,065 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $12.20, for a total value of $635,193.00. Following the completion of the sale, the chief executive officer now directly owns 12,306 shares in the company, valued at approximately $150,133.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steven Clive Miller sold 8,708 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $11.88, for a total value of $103,451.04. Following the completion of the sale, the chief financial officer now owns 191,104 shares of the company’s stock, valued at $2,270,315.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 89,084 shares of company stock worth $1,074,979. 26.91% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Warby Parker

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Warby Parker by 7.7% in the fourth quarter. Vanguard Group Inc. now owns 8,457,986 shares of the company’s stock worth $119,258,000 after buying an additional 607,352 shares during the period. Goldman Sachs Group Inc. increased its position in Warby Parker by 37.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 760,299 shares of the company’s stock worth $10,720,000 after buying an additional 206,131 shares during the period. GSA Capital Partners LLP increased its position in Warby Parker by 108.7% in the fourth quarter. GSA Capital Partners LLP now owns 46,689 shares of the company’s stock worth $658,000 after buying an additional 24,315 shares during the period. GTS Securities LLC acquired a new stake in Warby Parker in the fourth quarter worth $180,000. Finally, Legal & General Group Plc increased its position in Warby Parker by 1.7% in the fourth quarter. Legal & General Group Plc now owns 71,819 shares of the company’s stock worth $1,013,000 after buying an additional 1,221 shares during the period. 93.24% of the stock is owned by institutional investors and hedge funds.

Warby Parker Stock Performance

Warby Parker stock opened at $12.75 on Monday. The stock’s 50 day moving average price is $13.15 and its 200 day moving average price is $12.80. The firm has a market capitalization of $1.25 billion, a PE ratio of -23.61 and a beta of 1.61. Warby Parker has a one year low of $9.64 and a one year high of $16.49.

Warby Parker (NYSE:WRBYGet Free Report) last released its quarterly earnings results on Wednesday, February 28th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.04). The company had revenue of $161.86 million for the quarter, compared to analyst estimates of $161.01 million. Warby Parker had a negative return on equity of 16.36% and a negative net margin of 9.44%. On average, analysts forecast that Warby Parker will post -0.17 earnings per share for the current fiscal year.

About Warby Parker

(Get Free Report

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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Analyst Recommendations for Warby Parker (NYSE:WRBY)

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