In the latest trading session, 0.6 million Warby Parker Inc (NYSE:WRBY) shares changed hands as the company’s beta touched 1.96. With the company’s most recent per share price at $18.72 changed hands at -$1.63 or -8.01% at last look, the market valuation stands at $2.26B. WRBY’s current price is a discount, trading about -53.21% off its 52-week high of $28.68. The share price had its 52-week low at $11.46, which suggests the last value was 38.78% up since then. When we look at Warby Parker Inc’s average trading volume, we note the 10-day average is 3.0 million shares, with the 3-month average coming to 1.88 million.
Analysts gave the Warby Parker Inc (WRBY) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.19. If we narrow down to specifics, the data shows that 0 out of 9 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended WRBY as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Warby Parker Inc’s EPS for the current quarter is expected to be 0.12.
Warby Parker Inc (NYSE:WRBY) trade information
Instantly WRBY was in red as seen in intraday trades today. With action -10.04%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -22.68%, with the 5-day performance at -10.04% in the red. However, in the 30-day time frame, Warby Parker Inc (NYSE:WRBY) is -27.13% down. Looking at the short shares, we see there were 9.47 million shares sold at short interest cover period of 6.34 days.
The consensus price target for the stock as assigned by Wall Street analysts is 22, meaning bulls need an upside of 14.91% from its recent market value. According to analyst projections, WRBY’s forecast low is 15 with 32 as the target high. To hit the forecast high, the stock’s price needs a -70.94% plunge from its current level, while the stock would need to tank 19.87% for it to hit the projected low.
Warby Parker Inc (WRBY) estimates and forecasts
Year-over-year growth is forecast to reach 15.16% up from the last financial year.
Consensus estimates given by 13 financial analysts project the company’s revenue in the current quarter to hit an average of 225.46M. 13 analysts are of the opinion that Warby Parker Inc’s revenue for the current quarter will be 217.71M. The company’s revenue for the corresponding quarters a year ago was 200M and 188.22M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 12.73%. The estimates for the next quarter sales put growth at 15.67%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 19.99%. The 2025 estimates are for Warby Parker Inc earnings to increase by 9.70%, but the outlook for the next 5-year period is at 14.62% per year.
Warby Parker Inc (NYSE:WRBY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 7.07% of Warby Parker Inc shares while 96.37% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 103.70%. There are 96.37% institutions holding the Warby Parker Inc stock share, with FMR LLC the top institutional holder. As of 2024-06-30, the company held 8.2248% of the shares, roughly 9.8 million WRBY shares worth $157.38 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 8.2178% or 9.79 million shares worth $157.24 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Fidelity Blue Chip Growth Fund and Vanguard Total Stock Market Index Fund. With 2.67 shares estimated at $49.92 million under it, the former controlled 2.58% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.54% of the shares, roughly 2.63 shares worth around $49.22 million.
