Warby Parker (WRBY) to Release Earnings on Thursday

Warby Parker (NYSE:WRBY - Get Free Report) is projected to release its Q1 2025 earnings data before the market opens on Thursday, May 8th. Analysts expect Warby Parker to post earnings of $0.12 per share and revenue of $225.46 million for the quarter.

Warby Parker Stock Down 4.1 %

WRBY stock traded down $0.70 during trading on Tuesday, reaching $16.27. The stock had a trading volume of 1,892,222 shares, compared to its average volume of 1,785,229. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of -60.24 and a beta of 2.01. Warby Parker has a one year low of $12.26 and a one year high of $28.68. The company's 50 day moving average is $17.78 and its two-hundred day moving average is $21.56.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on WRBY. Evercore ISI reaffirmed an "in-line" rating and set a $23.00 price target on shares of Warby Parker in a research report on Friday, January 17th. JMP Securities cut their price target on shares of Warby Parker from $30.00 to $22.00 and set a "market outperform" rating on the stock in a report on Monday, April 14th. Robert W. Baird increased their price target on shares of Warby Parker from $30.00 to $32.00 and gave the company an "outperform" rating in a research report on Friday, February 28th. Stifel Nicolaus lowered their price objective on shares of Warby Parker from $25.00 to $18.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. Finally, Morgan Stanley boosted their target price on shares of Warby Parker from $17.00 to $23.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 21st. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Warby Parker has a consensus rating of "Moderate Buy" and a consensus target price of $22.64.

Insider Transactions at Warby Parker

In related news, CEO Neil Harris Blumenthal sold 27,967 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total value of $657,783.84. Following the transaction, the chief executive officer now owns 23,961 shares of the company's stock, valued at $563,562.72. This represents a 53.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven Clive Miller sold 11,684 shares of Warby Parker stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total value of $274,807.68. Following the sale, the chief financial officer now directly owns 204,727 shares of the company's stock, valued at approximately $4,815,179.04. This trade represents a 5.40 % decrease in their position. The disclosure for this sale can be found here. Insiders own 26.55% of the company's stock.

About Warby Parker

Warby Parker Inc provides eyewear products in the United States and Canada. The company offers eyeglasses, sunglasses, light-responsive lenses, blue-light-filtering lenses, non-prescription lenses, and contact lenses. It also provides accessories, such as cases, lenses kit with anti-fog spray, pouches, and anti-fog lens spray through its retail stores, website, and mobile apps.