Symmetry Investments LP bought a new position in Warby Parker Inc. (NYSE:WRBY - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 354,454 shares of the company's stock, valued at approximately $8,581,000. Symmetry Investments LP owned approximately 0.35% of Warby Parker at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Arizona State Retirement System increased its position in shares of Warby Parker by 2.6% in the fourth quarter. Arizona State Retirement System now owns 24,881 shares of the company's stock worth $602,000 after purchasing an additional 619 shares during the last quarter. Mariner LLC increased its holdings in shares of Warby Parker by 6.5% in the 4th quarter. Mariner LLC now owns 10,772 shares of the company's stock worth $261,000 after buying an additional 660 shares during the last quarter. Summit Investment Advisors Inc. raised its position in shares of Warby Parker by 10.0% during the 4th quarter. Summit Investment Advisors Inc. now owns 9,265 shares of the company's stock valued at $224,000 after buying an additional 840 shares in the last quarter. Global Retirement Partners LLC bought a new stake in shares of Warby Parker during the 4th quarter worth $25,000. Finally, Jones Financial Companies Lllp grew its position in Warby Parker by 205.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company's stock worth $37,000 after acquiring an additional 1,028 shares in the last quarter. 93.24% of the stock is owned by institutional investors.
Warby Parker Price Performance
WRBY opened at $14.39 on Wednesday. Warby Parker Inc. has a one year low of $11.66 and a one year high of $28.68. The business has a 50 day simple moving average of $19.47 and a two-hundred day simple moving average of $21.55. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of -53.29 and a beta of 2.00.
Analysts Set New Price Targets
Several equities research analysts have issued reports on WRBY shares. Roth Capital raised Warby Parker to a "strong-buy" rating in a research note on Monday, February 24th. Citigroup restated an "outperform" rating on shares of Warby Parker in a research report on Friday, February 28th. Robert W. Baird increased their price target on shares of Warby Parker from $30.00 to $32.00 and gave the company an "outperform" rating in a research report on Friday, February 28th. UBS Group lifted their price target on shares of Warby Parker from $20.00 to $23.00 and gave the stock a "neutral" rating in a research note on Friday, February 28th. Finally, Roth Mkm initiated coverage on shares of Warby Parker in a research note on Tuesday, February 25th. They issued a "neutral" rating and a $26.00 price objective for the company. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $22.93.
Get Our Latest Research Report on Warby Parker
Insider Activity at Warby Parker
In related news, CFO Steven Clive Miller sold 11,684 shares of Warby Parker stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total transaction of $274,807.68. Following the sale, the chief financial officer now directly owns 204,727 shares in the company, valued at $4,815,179.04. The trade was a 5.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Neil Harris Blumenthal sold 27,967 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $23.52, for a total transaction of $657,783.84. Following the sale, the chief executive officer now owns 23,961 shares in the company, valued at approximately $563,562.72. This trade represents a 53.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 89,651 shares of company stock worth $2,313,092 over the last quarter. 26.55% of the stock is owned by corporate insiders.
Warby Parker Company Profile
(
Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Warby Parker, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Warby Parker wasn't on the list.
While Warby Parker currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
