Warby Parker CEO Blumenthal sold over $1 million shares in September; company reports negative metrics but has a "Moderate Buy" rating.
Warby Parker CEO Neil Harris Blumenthal sold 77,143 shares of stock in early September, raising over $1 million. He retains 12,177 shares. The company recently reported a quarterly EPS of ($0.03), surpassing estimates, but has negative metrics, including an 11.09% return on equity and a 6.38% net margin. Despite challenges, analysts rate the stock as a "Moderate Buy" with a target price of $17.11. Warby Parker specializes in eyewear in the U.S. and Canada.
September 11, 2024
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