Insider Selling: Warby Parker Inc. (NYSE:WRBY) CFO Sells 6,763 Shares of Stock

Warby Parker Inc. (NYSE:WRBY - Get Free Report) CFO Steven Clive Miller sold 6,763 shares of Warby Parker stock in a transaction 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 of the company's stock, valued at $2,467,083.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Steven Clive Miller also recently made the following trade(s):

• On Friday, September 6th, Steven Clive Miller sold 15,272 shares of Warby Parker stock. The shares were sold at an average price of $13.00, for a total transaction of $198,536.00.

Warby Parker Price Performance

Warby Parker stock traded up $0.29 during trading hours on Friday, hitting $14.66. The company had a trading volume of 1,387,046 shares, compared to its average volume of 1,390,625. The company has a 50-day moving average price of $14.98 and a two-hundred day moving average price of $14.53. Warby Parker Inc. has a 1 year low of $9.83 and a 1 year high of $17.95.

Warby Parker (NYSE:WRBY - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.04) by $0.01. Warby Parker had a negative return on equity of 11.09% and a negative net margin of 6.38%. The firm had revenue of $188.22 million during the quarter, compared to analyst estimates of $186.89 million. On average, research analysts forecast that Warby Parker Inc. will post -0.04 earnings per share for the current year.

Institutional Investors Weigh In On Warby Parker

Hedge funds have recently made changes to their positions in the company. Advisors Asset Management Inc. boosted its stake in shares of Warby Parker by 79.9% during the first quarter. Advisors Asset Management Inc. now owns 5,125 shares of the company's stock valued at $70,000 after purchasing an additional 2,276 shares in the last quarter. First Eagle Investment Management LLC purchased a new position in Warby Parker in the second quarter valued at about $131,000. Choreo LLC purchased a new stake in shares of Warby Parker during the second quarter valued at about $167,000. Sciencast Management LP bought a new stake in shares of Warby Parker in the 1st quarter valued at about $145,000. Finally, Victory Capital Management Inc. bought a new stake in shares of Warby Parker in the 4th quarter valued at about $160,000. 93.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Telsey Advisory Group restated an "outperform" rating and set a $19.00 price objective on shares of Warby Parker in a research report on Thursday, August 8th. Piper Sandler started coverage on Warby Parker in a research report on Friday, August 23rd. They issued an "overweight" rating and a $18.00 price target for the company. JMP Securities upgraded shares of Warby Parker from a "market perform" rating to an "outperform" rating and set a $20.00 price objective on the stock in a research 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, Loop Capital upped their price target on shares of Warby Parker from $15.00 to $16.00 and gave the company a "hold" rating in a report on Wednesday, July 10th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, Warby Parker presently has an average rating of "Moderate Buy" and an average target price of $17.11.

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.

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.