Warby Parker Inc. (NYSE:WRBY – Get Rating) major shareholder Durable Capital Partners Lp sold 5,540 shares of the firm’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $16.61, for a total transaction of $92,019.40. Following the transaction, the insider now directly owns 11,666,766 shares in the company, valued at $193,784,983.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Warby Parker Price Performance
Shares of WRBY opened at $15.92 on Friday. Warby Parker Inc. has a fifty-two week low of $10.86 and a fifty-two week high of $38.26. The business has a 50-day moving average of $15.74 and a 200 day moving average of $14.51.
Warby Parker (NYSE:WRBY – Get Rating) last posted its earnings results on Thursday, November 10th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.09). Warby Parker had a negative return on equity of 31.02% and a negative net margin of 23.27%. The business had revenue of $148.78 million during the quarter, compared to analysts’ expectations of $145.00 million. On average, research analysts expect that Warby Parker Inc. will post -0.62 earnings per share for the current year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
WRBY has been the topic of several recent analyst reports. Evercore ISI lifted their target price on shares of Warby Parker to $21.00 in a research report on Wednesday, November 16th. Morgan Stanley dropped their price target on Warby Parker from $17.00 to $11.00 and set an “equal weight” rating on the stock in a report on Monday, November 14th. Piper Sandler upped their price objective on Warby Parker to $22.00 in a research note on Wednesday, November 16th. Citigroup lowered their target price on Warby Parker from $29.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, November 11th. Finally, Robert W. Baird cut their price target on shares of Warby Parker from $25.00 to $23.00 in a report on Thursday, December 15th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $19.00.
About Warby Parker
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.
- Get a free copy of the StockNews.com research report on Warby Parker (WRBY)
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