Warby Parker Inc. (NYSE:WRBY – Get Rating) CFO Steven Clive Miller sold 4,957 shares of Warby Parker stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $15.10, for a total transaction of $74,850.70. Following the completion of the sale, the chief financial officer now directly owns 165,547 shares in the company, valued at approximately $2,499,759.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Warby Parker Stock Down 8.9 %

NYSE:WRBY traded down $1.40 during mid-day trading on Tuesday, hitting $14.31. 942,916 shares of the stock traded hands, compared to its average volume of 1,842,800. The business's 50-day moving average price is $13.21 and its 200 day moving average price is $19.12. The company has a market cap of $1.37 billion and a PE ratio of -5.86. Warby Parker Inc. has a 12-month low of $10.86 and a 12-month high of $60.30.

Warby Parker (NYSE:WRBY – Get Rating) last issued its quarterly earnings data on Thursday, August 11th. The company reported ($0.20) EPS for the quarter, meeting the consensus estimate of ($0.20). The company had revenue of $149.62 million during the quarter, compared to analysts' expectations of $148.78 million. Warby Parker had a negative net margin of 35.47% and a negative return on equity of 44.81%. Analysts anticipate that Warby Parker Inc. will post -0.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Warby Parker

Wall Street Analysts Forecast Growth

Several analysts have commented on WRBY shares. Piper Sandler started coverage on shares of Warby Parker in a research report on Friday, July 22nd. They issued an "overweight" rating and a $20.00 price objective on the stock. Loop Capital lowered their price objective on shares of Warby Parker from $18.00 to $15.00 and set a "hold" rating on the stock in a research report on Monday, June 27th. Robert W. Baird lowered their price objective on shares of Warby Parker from $40.00 to $30.00 and set a "na" rating on the stock in a research report on Tuesday, May 17th. Cowen lowered their price objective on shares of Warby Parker to $23.00 and set a "na" rating on the stock in a research report on Tuesday, May 17th. Finally, Telsey Advisory Group reduced their target price on shares of Warby Parker from $30.00 to $25.00 and set an "outperform" rating for the company in a research note on Friday, August 12th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $24.64.

Warby Parker Company Profile

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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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