Look For Institutional Buying In Warby Parker Inc (NYSE: WRBY)

Warby Parker Inc (WRBY) concluded trading on Wednesday at a closing price of $16.53, with 6.88 million shares of worth about $113.69 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 0.73% during that period and on April 09, 2025 the price saw a gain of about 15.84%. Currently the company’s common shares owned by public are about 102.89M shares, out of which, 95.95M shares are available for trading.

Stock saw a price change of -10.16% in past 5 days and over the past one month there was a price change of -20.57%. Year-to-date (YTD), WRBY shares are showing a performance of -31.72% which increased to 23.08% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $11.66 but also hit the highest price of $28.68 during that period. The average intraday trading volume for Warby Parker Inc shares is 2.07 million. The stock is currently trading -9.82% below its 20-day simple moving average (SMA20), while that difference is down -25.42% for SMA50 and it goes to -15.17% lower than SMA200.

Warby Parker Inc (NYSE: WRBY) currently have 102.89M outstanding shares and institutions hold larger chunk of about 76.87% of that.

The stock has a current market capitalization of $2.00B and its 3Y-monthly beta is at 1.98. It has posted earnings per share of -$0.17 in the same period. It has Quick Ratio of 2.10 while making debt-to-equity ratio of 0.66. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WRBY, volatility over the week remained 15.06% while standing at 7.60% over the month.

Analysts are in expectations that Warby Parker Inc (WRBY) stock would likely to be making an EPS of 0.12 in the current quarter, while forecast for next quarter EPS is 0.1 and it is 0.47 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.1 which is 0.14 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.11 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 9.70% while it is estimated to increase by 38.33% in next year. EPS is likely to shrink at an annualized rate of 14.62% for next 5-years, compared to annual growth of 19.99% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Telsey Advisory Group on February 28, 2025 offering an Outperform rating for the stock and assigned a target price range of between $28 and $30 to it. Coverage by ROTH MKM stated Warby Parker Inc (WRBY) stock as a Neutral in their note to investors on February 25, 2025, suggesting a price target of $26 for the stock. On February 05, 2025, Citigroup Downgrade their recommendations, while on January 17, 2025, Evercore ISI Downgrade their ratings for the stock with a price target of $23. Stock get an Outperform rating from Telsey Advisory Group on November 19, 2024.

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