456,980 Shares in Warby Parker Inc. (NYSE:WRBY) Bought by Verition Fund Management LLC

Verition Fund Management LLC bought a new position in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 456,980 shares of the company's stock, valued at approximately $7,462,000. Verition Fund Management LLC owned about 0.45% of Warby Parker as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. First Eagle Investment Management LLC bought a new stake in shares of Warby Parker in the 2nd quarter valued at approximately $131,000. Choreo LLC bought a new stake in Warby Parker in the second quarter worth $167,000. AQR Capital Management LLC purchased a new stake in shares of Warby Parker in the second quarter valued at $186,000. LVW Advisors LLC bought a new stake in shares of Warby Parker in the 2nd quarter worth about $201,000. Finally, Thrivent Financial for Lutherans purchased a new position in shares of Warby Parker during the 3rd quarter worth about $213,000. 93.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Robert W. Baird raised their price objective on shares of Warby Parker from $18.00 to $23.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft upgraded Warby Parker from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $15.00 to $18.00 in a report on Monday, October 21st. Stifel Nicolaus increased their target price on Warby Parker from $14.00 to $15.00 and gave the stock a "hold" rating in a research note on Friday, August 9th. BTIG Research boosted their target price 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, Piper Sandler upped their price target on shares of Warby Parker from $18.00 to $22.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $18.82.

Insider Buying and Selling at Warby Parker

In other Warby Parker news, CFO Steven Clive Miller sold 15,272 shares of the company's stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $13.00, for a total transaction of $198,536.00. Following the transaction, the chief financial officer now owns 184,251 shares in the company, valued at approximately $2,395,263. This represents a 7.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Neil Harris Blumenthal sold 50,000 shares of the business's stock in a transaction on Monday, September 9th. The shares were sold at an average price of $13.89, for a total transaction of $694,500.00. Following the sale, the chief executive officer now directly owns 12,177 shares in the company, valued at $169,138.53. This trade represents a 80.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 99,178 shares of company stock worth $1,339,901 over the last three months. Corporate insiders own 26.55% of the company's stock.

Warby Parker Stock Down 2.3 %

Shares of NYSE WRBY traded down $0.52 during mid-day trading on Monday, reaching $22.02. 1,726,837 shares of the company were exchanged, compared to its average volume of 1,432,593. The firm has a 50-day moving average of $18.40 and a 200 day moving average of $16.55. Warby Parker Inc. has a 1 year low of $10.28 and a 1 year high of $24.60. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of -83.48 and a beta of 1.93.

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.