Warby Parker Inc. (NYSE:WRBY – Get Rating) has been given a consensus rating of “Hold” by the thirteen analysts that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $16.82.
Several brokerages have weighed in on WRBY. JMP Securities began coverage on Warby Parker in a report on Wednesday. They issued a “market perform” rating for the company. Cowen lowered their target price on Warby Parker from $23.00 to $17.00 in a report on Wednesday, March 1st. Telsey Advisory Group reissued an “outperform” rating and issued a $25.00 price target on shares of Warby Parker in a research report on Tuesday, February 28th. Citigroup lowered Warby Parker from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $26.00 to $13.00 in a research report on Wednesday, March 1st. Finally, BTIG Research began coverage on Warby Parker in a research report on Monday, February 6th. They issued a “neutral” rating for the company.
Insider Activity at Warby Parker
In other Warby Parker news, Director Teresa Briggs sold 18,900 shares of the business’s stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $12.05, for a total transaction of $227,745.00. Following the sale, the director now owns 19,246 shares in the company, valued at approximately $231,914.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 25.36% of the stock is currently owned by corporate insiders.
Institutional Trading of Warby Parker
Warby Parker Stock Down 0.7 %
WRBY opened at $11.20 on Tuesday. The business has a fifty day moving average of $10.95 and a 200 day moving average of $13.56. Warby Parker has a 52-week low of $9.50 and a 52-week high of $18.99. The stock has a market cap of $1.08 billion, a P/E ratio of -14.74 and a beta of 1.88.
Warby Parker (NYSE:WRBY – Get Rating) last issued its earnings results on Tuesday, February 28th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.06). Warby Parker had a negative return on equity of 25.89% and a negative net margin of 14.11%. The firm had revenue of $146.49 million during the quarter, compared to analysts’ expectations of $143.18 million. Equities analysts anticipate that Warby Parker will post -0.29 EPS for the current fiscal year.
Warby Parker Company Profile
Warby Parker Inc provides eyewear products. It offers eyeglasses, sunglasses, light-responsive lenses, blue-light-filtering lenses, and contact lenses, as well as accessories, including cases, lenses kit with anti-fog spray, pouches, and anti-fog lens spray. The company also offers eye exams and vision tests directly to consumers through its retail stores, website, and mobile apps.
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