Warby Parker (NYSE:WRBY) Given In-Line Rating at Evercore ISI

Evercore ISI restated their in-line rating on shares of Warby Parker (NYSE:WRBY) in a report issued on Friday, MarketBeat reports. They currently have a $23.00 target price on the stock.

A number of other research analysts have also commented on the company. William Blair raised Warby Parker from a “market perform” rating to an “outperform” rating in a report on Thursday, November 7th. The Goldman Sachs Group raised their target price on Warby Parker from $20.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Piper Sandler raised their target price on Warby Parker from $18.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Stifel Nicolaus raised 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. Finally, Telsey Advisory Group raised their target price on Warby Parker from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.92.

Warby Parker Trading Down 6.3 %

NYSE:WRBY opened at $24.57 on Friday. Warby Parker has a 1-year low of $11.35 and a 1-year high of $27.10. The stock has a fifty day simple moving average of $24.03 and a 200 day simple moving average of $18.54.

Insider Buying and Selling

In other Warby Parker news, CEO Neil Harris Blumenthal sold 300,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $25.14, for a total value of $7,542,000.00. Following the completion of the transaction, the chief executive officer now directly owns 12,177 shares of the company’s stock, valued at approximately $306,129.78. The trade was a 96.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the transaction, the chief financial officer now directly owns 182,130 shares of the company’s stock, valued at approximately $4,343,800.50. The trade was a 3.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 558,032 shares of company stock valued at $13,807,864 over the last three months. Company insiders own 26.55% of the company’s stock.

Institutional Trading of Warby Parker

Institutional investors have recently modified their holdings of the company. Marshall Wace LLP raised its holdings in Warby Parker by 1,013.4% during the second quarter. Marshall Wace LLP now owns 1,422,940 shares of the company’s stock worth $22,852,000 after acquiring an additional 1,295,136 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Warby Parker by 44.3% during the second quarter. Renaissance Technologies LLC now owns 1,568,600 shares of the company’s stock worth $25,192,000 after acquiring an additional 481,900 shares in the last quarter. Verition Fund Management LLC bought a new stake in Warby Parker during the third quarter worth about $7,462,000. Dimensional Fund Advisors LP raised its holdings in Warby Parker by 29.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,369,424 shares of the company’s stock worth $21,994,000 after acquiring an additional 308,472 shares in the last quarter. Finally, Loomis Sayles & Co. L P raised its holdings in Warby Parker by 20.3% during the third quarter. Loomis Sayles & Co. L P now owns 1,782,629 shares of the company’s stock worth $29,111,000 after acquiring an additional 300,891 shares in the last quarter. 93.24% of the stock is currently owned by institutional investors.

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.