In a report released yesterday, Nicholas Jones CFA from JMP Securities maintained a Hold rating on Warby Parker (WRBY – Research Report). The company’s shares closed yesterday at $10.87.
Jones CFA covers the Technology sector, focusing on stocks such as Amazon, Ebay, and Expedia. According to TipRanks, Jones CFA has an average return of 9.5% and a 46.23% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Warby Parker with a $16.50 average price target.
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Based on Warby Parker’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $166.09 million and a GAAP net loss of $15.93 million. In comparison, last year the company earned a revenue of $149.62 million and had a GAAP net loss of $32.17 million
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WRBY in relation to earlier this year.
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Warby Parker (WRBY) Company Description:
Warby Parker Inc is engaged in designing and development of designer prescription glasses and contacts to eye exams and vision tests.
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