
Warby Parker's stock performance has been a mixed bag. The company went public in September 2021, listing on the New York Stock Exchange under the ticker symbol WRBY.
Warby Parker's revenue has been steadily increasing, with a 22% year-over-year growth in 2020. This growth is largely due to the company's expanding online presence and successful brick-and-mortar store openings.
As of the end of 2021, Warby Parker's market capitalization was around $6.8 billion. This valuation is a significant increase from the company's private valuation of around $3 billion in 2020.
Warby Parker's strong brand recognition and loyal customer base have contributed to its success in the competitive eyewear market.
Financial Analysis
Warby Parker's financial performance has been impressive, with revenue increasing by 11.98% in 2023 to $669.77 million. This growth is a testament to the company's successful business model.
In 2022, Warby Parker reported a net loss of $63.20 million, but this was significantly reduced to -42.75% compared to the previous year. The company's financial performance is a crucial aspect to consider when evaluating its stock quote.
Warby Parker's stock price has been on a roll, jumping to a high of $27 this month, up by 175% from its lowest level in 2024. This significant increase in stock price is a great sign for investors.
Here's a summary of Warby Parker's share price highs, lows, and changes over the past year:
Warby Parker's stock has risen after the company raised its full-year guidance, offsetting a surprise quarterly loss. This is a positive sign for investors.
Analysts are optimistic about Warby Parker's stock, with an average rating of "Buy" from 11 analysts. The 12-month stock price forecast is $22.0, which is a decrease of -18.40% from the latest price.
Company Performance
Warby Parker's revenue has been steadily increasing, reaching $669.77 million in 2023, a 11.98% jump from the previous year.
Despite the growth, the company still reported a net loss of -$63.20 million in 2023, a significant decrease from the previous year's losses.
Warby Parker's stock has been performing well, with a current share price of $26.96 and a 1 Year Change of 103.16%.
The company's 52 Week High is $27.10, while the 52 Week Low is $11.35, giving investors a sense of the stock's volatility.
Here's a breakdown of Warby Parker's performance over the past year:
Warby Parker's stock has seen significant growth, with a 1 Month Change of 10.40% and a 3 Month Change of 57.48%.
Investor Insights
Warby Parker has 32 investors, with T. Rowe Price being one of the notable investors.
T. Rowe Price invested in Warby Parker's Series G funding round, which took place in 2020. They also invested in Series D, Series E, and Series F funding rounds. T. Rowe Price is an asset/investment management company based in Maryland.
Scottish Mortgage Investment Trust is another investor, having invested in Series E, Series F, and Series G funding rounds. They are also an asset/investment management company, but based in the United Kingdom.
Durable Capital Partners, a venture capital company based in DC, has invested in Series F and Series G funding rounds. They have a relatively short history of investments in Warby Parker, with their first funding round taking place in 2020.
Warby Parker has received funding from multiple investors, with the most recent funding round taking place in 2020. The company has a diverse range of investors, including asset/investment management companies and venture capital firms.
Here is a list of the top 5 investors in Warby Parker, along with their type and location:
Market Trends
Warby Parker's stock has seen significant fluctuations in the past year, with a 1 Year Change of 103.16% and a 3 Year Change of -29.20%.
The company's stock price has also experienced a notable increase in the past three months, with a 3 Month Change of 57.48%.
Here's a breakdown of Warby Parker's stock price changes over the past year:
Tech in Eyeglasses
Warby Parker is a company that's been at the forefront of tech in eyeglasses. They've been using technology to make the process of buying glasses more convenient and accessible.
Neil Blumenthal and Dave Gilboa, Warby Parker's co-founders and co-CEOs, are leading the charge in this area. They've been discussing the state of the eyewear industry and how technology is playing a key role in it.
Warby Parker has been expanding its brick-and-mortar presence, and technology is a big part of that strategy. They're using it to create a more seamless shopping experience for their customers.
The strength of technology in the eyewear industry is undeniable, and Warby Parker is a prime example of this.
Price Volatility
Warby Parker's stock price has been relatively stable in the past few months. The company's 1 Month Change is 10.40%, which is a modest increase.
WRBY's Average Weekly Movement is 6.3%, which is lower than the Specialty Retail Industry Average Movement of 8.0%. This suggests that Warby Parker's stock price is less volatile than its peers.
WRBY's weekly volatility has been stable over the past year, with a movement of 6%. This is consistent with the company's overall stable share price.
Here's a comparison of WRBY's volatility with the US market and industry:
Frequently Asked Questions
What is the symbol for Warby Parker?
The stock symbol for Warby Parker is WRBY. You can find the latest information on WRBY stock price, news, and history on Yahoo Finance.
Is Warby Parker stock a good buy?
Warby Parker stock has a Moderate Buy consensus rating with a strong majority of analysts recommending it, but the average price target is $16.60, suggesting a cautious approach. Consider reading more about the company's financials and growth prospects before making a decision.
Featured Images: pexels.com