Warby Parker Inc (NYSE: WRBY) stock jumped 0.18% on Friday to $10.99 against a previous-day closing price of $10.97. With 1.08 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.2 million shares. During the session, the Medical Instruments & Supplies company that operates in wider Healthcare sector, reached to the highest price of $11.22 whereas the lowest price it dropped to was $10.90. The 52-week range on WRBY shows that it touched its highest point at $18.67 and its lowest point at $9.50 during that stretch. It currently has a 1-year price target of $15.38. Beta for the stock currently stands at 1.60.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WRBY was up-trending over the past week, with a rise of 9.24%, but this was down by -22.71% over a month. Three-month performance dropped to -10.65% while six-month performance fell -2.57%. The stock lost -34.47% in the past year, while it has lost -18.53% so far this year. A look at the trailing 12-month EPS for WRBY yields -0.55 with Next year EPS estimates of 0.18. For the next quarter, that number is 0.01. This implies an EPS growth rate of 494.74% for this year and 54.62% for next year.
Float and Shares Shorts:
At present, 96.12 million WRBY shares are outstanding with a float of 83.84 million shares on hand for trading. On Oct 30, 2023, short shares totaled 8.67 million, which was 7.39% higher than short shares on Sep 28, 2023. In addition to Mr. Neil Harris Blumenthal as the firm’s Co-Founder, President, Co-CEO & Co-Chair, Mr. David Abraham Gilboa serves as its Co-Founder, Co-CEO & Co-Chair.
Institutional Ownership:
Through their ownership of 92.75% of WRBY’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 51.09% of WRBY, in contrast to 50.41% held by mutual funds. Shares owned by individuals account for 38.95%. As the largest shareholder in WRBY with 15.34% of the stake, D1 Capital Partners LP holds 14,944,023 shares worth 14,944,023. A second-largest stockholder of WRBY, Durable Capital Partners LP, holds 9,641,933 shares, controlling over 9.90% of the firm’s shares. Fidelity Management & Research Co is the third largest shareholder in WRBY, holding 8,451,625 shares or 8.68% stake. With a 5.72% stake in WRBY, the Fidelity Blue Chip Growth Fund is the largest stakeholder. A total of 5,571,031 shares are owned by the mutual fund manager. The Scottish Mortgage Investment Trus, which owns about 3.88% of WRBY stock, is the second-largest Mutual Fund holder. It holds 3,776,197 shares valued at 49.02 million. Vanguard Total Stock Market ETF holds 2.65% of the stake in WRBY, owning 2,577,087 shares worth 33.45 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WRBY since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With WRBY analysts setting a high price target of $22.00 and a low target of $11.00, the average target price over the next 12 months is $15.38. Based on these targets, WRBY could surge 100.18% to reach the target high and rise by 0.09% to reach the target low. Reaching the average price target will result in a growth of 39.95% from current levels.
Summary of Insider Activity:
Insiders traded WRBY stock several times over the past three months with 4 Buys and 4 Sells. In these transactions, 30,663 shares were bought while 420,174 shares were sold. The number of buy transactions has increased to 24 while that of sell transactions has risen to 94 over the past year. The total number of shares bought during that period was 273,937 while 2,120,711 shares were sold.
