Warby Parker Inc. (NYSE:WRBY – Get Free Report) CEO Neil Harris Blumenthal sold 76,582 shares of Warby Parker stock in a transaction on Friday, June 7th. The shares were sold at an average price of $16.65, for a total value of $1,275,090.30. Following the transaction, the chief executive officer now owns 12,177 shares in the company, valued at approximately $202,747.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Warby Parker Stock Down 1.2 %
Shares of NYSE:WRBY traded down $0.21 on Tuesday, reaching $16.66. The company had a trading volume of 1,343,479 shares, compared to its average volume of 1,296,558. The stock has a market capitalization of $1.65 billion, a P/E ratio of -35.55 and a beta of 1.85. The stock has a 50-day moving average price of $14.55 and a 200 day moving average price of $13.50. Warby Parker Inc. has a twelve month low of $9.83 and a twelve month high of $17.95.
Warby Parker (NYSE:WRBY – Get Free Report) last posted its earnings results on Thursday, May 9th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. Warby Parker had a negative return on equity of 13.19% and a negative net margin of 7.89%. The firm had revenue of $200.00 million during the quarter, compared to analyst estimates of $196.25 million. On average, sell-side analysts predict that Warby Parker Inc. will post -0.09 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Analyst Ratings Changes
WRBY has been the subject of several recent research reports. Telsey Advisory Group reiterated an “outperform” rating and set a $19.00 price objective on shares of Warby Parker in a report on Thursday, May 9th. Morgan Stanley raised their price target on Warby Parker from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Friday, May 10th. Finally, UBS Group lifted their price target on Warby Parker from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Friday, May 10th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $16.50.
Read Our Latest Report on WRBY
Warby Parker Company Profile
Warby Parker Inc provides eyewear products in the United States and Canada. The company offers eyeglasses, sunglasses, light-responsive lenses, blue-light-filtering lenses, non-prescription 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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