Wall Street Analyst Initiated Warby Parker Inc. [WRBY]. What else is Wall St. saying

Warby Parker Inc. [NYSE: WRBY] gained 14.89% on the last trading session, reaching $15.20 price per share at the time. The company report on November 10, 2022 that Warby Parker Announces Third Quarter 2022 Results.


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Revenue increased 8.3% to $148.8 million.

Warby Parker Inc. represents 114.68 million in outstanding shares, while the company has a total market value of $1.76 billion with the latest information. WRBY stock price has been found in the range of $15.10 to $17.50.

If compared to the average trading volume of 1.37M shares, WRBY reached a trading volume of 4960494 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Warby Parker Inc. [WRBY]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WRBY shares is $19.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WRBY stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Piper Sandler have made an estimate for Warby Parker Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on July 22, 2022. While these analysts kept the previous recommendation, Goldman dropped their target price from $34 to $18. The new note on the price target was released on May 18, 2022, representing the official price target for Warby Parker Inc. stock. Previously, the target price had yet another raise to $36, while Stifel analysts kept a Hold rating on WRBY stock.

The Average True Range (ATR) for Warby Parker Inc. is set at 1.46, with the Price to Sales ratio for WRBY stock in the period of the last 12 months amounting to 3.08. The Price to Book ratio for the last quarter was 6.18, with the Price to Cash per share for the same quarter was set at 1.82.

Trading performance analysis for WRBY stock

Warby Parker Inc. [WRBY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.90. With this latest performance, WRBY shares gained by 4.04% in over the last four-week period, additionally sinking by -11.63% over the last 6 months – not to mention a drop of -73.39% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WRBY stock in for the last two-week period is set at 52.75, with the RSI for the last a single of trading hit 53.56, and the three-weeks RSI is set at 52.37 for Warby Parker Inc. [WRBY]. The present Moving Average for the last 50 days of trading for this stock 14.43, while it was recorded at 14.50 for the last single week of trading, and 19.52 for the last 200 days.

Warby Parker Inc. [WRBY]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Warby Parker Inc. [WRBY] shares currently have an operating margin of -26.56 and a Gross Margin at +57.58. Warby Parker Inc.’s Net Margin is presently recorded at -26.68.

Return on Equity for this stock declined to -48.54, with Return on Assets sitting at -32.59.

Warby Parker Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.90 and a Current Ratio set at 2.50.

An analysis of insider ownership at Warby Parker Inc. [WRBY]

There are presently around $1,635 million, in the hands of institutional investors. The top three institutional holders of WRBY stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 21,314,924, which is approximately 6.845% of the company’s market cap and around 2.80% of the total institutional ownership; D1 CAPITAL PARTNERS L.P., holding 14,944,023 shares of the stock with an approximate value of $227.15 million in WRBY stocks shares; and DURABLE CAPITAL PARTNERS LP, currently with $225.09 million in WRBY stock with ownership of nearly 0% of the company’s market capitalization.

Positions in Warby Parker Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 92 institutional holders increased their position in Warby Parker Inc. [NYSE:WRBY] by around 16,215,012 shares. Additionally, 62 investors decreased positions by around 8,349,581 shares, while 32 investors held positions by with 82,991,628 shares. The mentioned changes placed institutional holdings at 107,556,221 shares, according to the latest SEC report filing. WRBY stock had 43 new institutional investments in for a total of 3,240,632 shares, while 35 institutional investors sold positions of 1,500,624 shares during the same period.

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