Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

Warby Parker Inc. (NYSE:WRBY - Get Rating) has been given a consensus rating of "Moderate Buy" by the eleven brokerages that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $24.64.

WRBY has been the subject of several recent analyst reports. Stifel Nicolaus decreased their price objective on shares of Warby Parker from $15.00 to $11.00 in a report on Wednesday, July 20th. Evercore ISI decreased their price objective on shares of Warby Parker to $16.00 in a report on Monday, August 15th. Telsey Advisory Group decreased their price objective on shares of Warby Parker from $30.00 to $25.00 and set an "outperform" rating for the company in a report on Friday, August 12th. Loop Capital decreased their price objective on shares of Warby Parker from $18.00 to $15.00 and set a "hold" rating for the company in a report on Monday, June 27th. Finally, The Goldman Sachs Group decreased their price objective on shares of Warby Parker from $16.00 to $12.00 and set a "neutral" rating for the company in a report on Thursday, July 21st.Warby Parker Trading Down 2.3 %

Shares of WRBY stock opened at $14.26 on Monday. The company's fifty day simple moving average is $14.02 and its 200-day simple moving average is $17.35. Warby Parker has a 52 week low of $10.86 and a 52 week high of $60.30. The company has a market cap of $1.37 billion and a PE ratio of -5.84.

Warby Parker (NYSE:WRBY - Get Rating) last released its quarterly earnings results on Thursday, August 11th. The company reported ($0.20) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.20). The business had revenue of $149.62 million during the quarter, compared to analyst estimates of $148.78 million. Warby Parker had a negative net margin of 35.47% and a negative return on equity of 44.81%. Equities research analysts expect that Warby Parker will post -0.61 EPS for the current fiscal year. Insiders Place Their Bets

In other Warby Parker news, CFO Steven Clive Miller sold 4,957 shares of the business's stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $15.10, for a total transaction of $74,850.70. Following the sale, the chief financial officer now directly owns 165,547 shares in the company, valued at approximately $2,499,759.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Neil Harris Blumenthal sold 5,099 shares of Warby Parker stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $15.10, for a total value of $76,994.90. Following the transaction, the chief executive officer now owns 106 shares of the company's stock, valued at approximately $1,600.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steven Clive Miller sold 4,957 shares of Warby Parker stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 165,547 shares in the company, valued at approximately $2,499,759.70. The disclosure for this sale can be found here. 25.36% of the stock is owned by insiders. Hedge Funds Weigh In On Warby Parker

Hedge funds have recently made changes to their positions in the business. Trustcore Financial Services LLC purchased a new position in shares of Warby Parker in the first quarter worth approximately $45,000. Castle Wealth Management LLC purchased a new position in shares of Warby Parker in the second quarter worth approximately $29,000. Seven Eight Capital LP purchased a new position in shares of Warby Parker in the fourth quarter worth approximately $219,000. Mirabella Financial Services LLP purchased a new position in shares of Warby Parker in the first quarter worth approximately $200,000. Finally, FourThought Financial LLC purchased a new position in shares of Warby Parker in the first quarter worth approximately $215,000. About Warby Parker (Get Rating)

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.See AlsoGet a free copy of the StockNews.com research report on Warby Parker (WRBY)2 Regional Banks With Sector-Beating Price PerformanceMarketBeat: Week in Review 10/3-10/7ConAgra Brands Is A Value Pick For Income Investors 3 Stocks With Market-Beating Price PerformanceLucid Motors May Test Investors' Resolve, But Should They Sell?

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Warby Parker, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Warby Parker wasn't on the list.

While Warby Parker currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:

Kirk McDonald shares three stocks from different industries with different market caps and explains why each is a holding in his portfolio.

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

MarketBeat All Access members have access to premium reports, best-in-class portfolio monitoring tools, and our latest stock picks.

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies, and more.

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

Twitter Facebook StockTwits Financial Juice YouTube

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved. 326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257 MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.