Telsey Advisory Group Raises Warby Parker (NYSE:WRBY) Price Target to $26.00

Warby Parker (NYSE:WRBY) had its price objective boosted by Telsey Advisory Group from $22.00 to $26.00 in a research report released on Tuesday, MarketBeat.com reports. Telsey Advisory Group currently has an outperform rating on the stock.

Other equities analysts have also issued research reports about the stock. BTIG Research increased their price objective on shares of Warby Parker from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Robert W. Baird raised their target price on shares of Warby Parker from $18.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. JMP Securities upgraded shares of Warby Parker from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a report on Friday, August 23rd. Stifel Nicolaus raised their target price on shares of Warby Parker from $14.00 to $15.00 and gave the stock a “hold” rating in a report on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Warby Parker from a “neutral” rating to a “buy” rating and raised their target price for the stock from $15.00 to $18.00 in a report on Monday, October 21st. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.82.

Warby Parker Stock Performance

WRBY stock opened at $23.27 on Tuesday. Warby Parker has a 52 week low of $10.28 and a 52 week high of $23.39. The company has a fifty day simple moving average of $17.37 and a two-hundred day simple moving average of $16.14.

Insider Buying and Selling at Warby Parker

In other news, CEO Neil Harris Blumenthal sold 50,000 shares of Warby Parker stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $13.89, for a total value of $694,500.00. Following the transaction, the chief executive officer now owns 12,177 shares of the company’s stock, valued at $169,138.53. The trade was a 80.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steven Clive Miller sold 6,763 shares of Warby Parker stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $13.90, for a total transaction of $94,005.70. Following the completion of the transaction, the chief financial officer now directly owns 177,488 shares in the company, valued at approximately $2,467,083.20. The trade was a 3.67 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 99,178 shares of company stock valued at $1,339,901. Company insiders own 26.55% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Geode Capital Management LLC grew its position in shares of Warby Parker by 7.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,970,620 shares of the company’s stock worth $32,187,000 after buying an additional 144,623 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Warby Parker in the 3rd quarter worth approximately $318,000. XTX Topco Ltd grew its position in shares of Warby Parker by 71.8% in the 3rd quarter. XTX Topco Ltd now owns 44,145 shares of the company’s stock worth $721,000 after buying an additional 18,443 shares during the last quarter. State Street Corp boosted its stake in Warby Parker by 3.2% in the 3rd quarter. State Street Corp now owns 2,209,025 shares of the company’s stock worth $36,073,000 after purchasing an additional 69,108 shares in the last quarter. Finally, Invenomic Capital Management LP boosted its stake in Warby Parker by 12.0% in the 3rd quarter. Invenomic Capital Management LP now owns 383,877 shares of the company’s stock worth $6,269,000 after purchasing an additional 41,110 shares in the last quarter. Hedge funds and other institutional investors own 93.24% of the company’s stock.

Warby Parker Company Profile

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.