Warby Parker Inc. (NYSE:WRBY – Get Free Report) traded up 5.8% on Thursday . The stock traded as high as $26.55 and last traded at $26.43. 892,625 shares traded hands during mid-day trading, a decline of 49% from the average session volume of 1,765,296 shares. The stock had previously closed at $24.97.
Wall Street Analyst Weigh In
Several research firms have recently commented on WRBY. The Goldman Sachs Group upped their price target on shares of Warby Parker from $20.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft upgraded shares of Warby Parker from a “neutral” rating to a “buy” rating and raised their price target for the company from $15.00 to $18.00 in a research note on Monday, October 21st. Telsey Advisory Group boosted their price target on shares of Warby Parker from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. BTIG Research raised their price objective on shares of Warby Parker from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Stifel Nicolaus upped their target price on Warby Parker from $17.00 to $20.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Warby Parker currently has an average rating of “Moderate Buy” and a consensus target price of $21.67.
Get Our Latest Analysis on Warby Parker
Warby Parker Stock Performance
Insider Transactions at Warby Parker
In other Warby Parker news, CFO Steven Clive Miller sold 7,016 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $23.85, for a total value of $167,331.60. Following the transaction, the chief financial officer now directly owns 182,130 shares in the company, valued at $4,343,800.50. The trade was a 3.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Neil Harris Blumenthal sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $23.65, for a total transaction of $1,182,500.00. Following the sale, the chief executive officer now directly owns 12,177 shares of the company’s stock, valued at approximately $287,986.05. The trade was a 80.42 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 558,032 shares of company stock worth $13,807,864. Insiders own 26.55% of the company’s stock.
Institutional Trading of Warby Parker
A number of hedge funds and other institutional investors have recently modified their holdings of WRBY. KBC Group NV raised its position in shares of Warby Parker by 39.3% during the 4th quarter. KBC Group NV now owns 4,743 shares of the company’s stock valued at $115,000 after acquiring an additional 1,339 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Warby Parker by 3.4% during the third quarter. Janney Montgomery Scott LLC now owns 47,908 shares of the company’s stock worth $782,000 after purchasing an additional 1,556 shares during the period. Hsbc Holdings PLC increased its holdings in Warby Parker by 11.5% in the second quarter. Hsbc Holdings PLC now owns 25,696 shares of the company’s stock valued at $413,000 after purchasing an additional 2,651 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Warby Parker by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 44,667 shares of the company’s stock valued at $717,000 after buying an additional 3,007 shares during the period. Finally, LVW Advisors LLC boosted its holdings in Warby Parker by 27.9% during the third quarter. LVW Advisors LLC now owns 16,027 shares of the company’s stock worth $262,000 after buying an additional 3,500 shares during the last quarter. Institutional investors and hedge funds own 93.24% of the company’s stock.
About Warby Parker
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.
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