Renaissance Technologies LLC Purchases 481,900 Shares of Warby Parker Inc. (NYSE:WRBY)

Renaissance Technologies LLC lifted its holdings in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 44.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,568,600 shares of the company's stock after purchasing an additional 481,900 shares during the period. Renaissance Technologies LLC owned 1.58% of Warby Parker worth $25,192,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Jacobson & Schmitt Advisors LLC lifted its holdings in Warby Parker by 0.3% during the 1st quarter. Jacobson & Schmitt Advisors LLC now owns 408,105 shares of the company's stock worth $5,554,000 after buying an additional 1,397 shares during the period. ProShare Advisors LLC lifted its stake in shares of Warby Parker by 10.2% in the first quarter. ProShare Advisors LLC now owns 15,470 shares of the company's stock worth $211,000 after acquiring an additional 1,434 shares during the period. Advisors Asset Management Inc. boosted its holdings in Warby Parker by 79.9% in the first quarter. Advisors Asset Management Inc. now owns 5,125 shares of the company's stock valued at $70,000 after acquiring an additional 2,276 shares during the last quarter. Arizona State Retirement System increased its position in Warby Parker by 16.0% during the 2nd quarter. Arizona State Retirement System now owns 23,408 shares of the company's stock valued at $376,000 after purchasing an additional 3,224 shares during the period. Finally, Equitable Trust Co. increased its position in Warby Parker by 25.5% during the 1st quarter. Equitable Trust Co. now owns 26,737 shares of the company's stock valued at $364,000 after purchasing an additional 5,431 shares during the period. Institutional investors own 93.24% of the company's stock.

Warby Parker Price Performance

Shares of WRBY traded down $0.45 during trading hours on Friday, hitting $14.28. The stock had a trading volume of 2,002,824 shares, compared to its average volume of 1,392,981. Warby Parker Inc. has a 1-year low of $9.83 and a 1-year high of $17.95. The firm has a market capitalization of $1.42 billion, a P/E ratio of -31.35 and a beta of 1.80. The firm has a 50 day simple moving average of $14.89 and a 200-day simple moving average of $14.57.

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

Insider Activity at Warby Parker

In other Warby Parker news, CFO Steven Clive Miller sold 15,272 shares of the company's stock in a transaction 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 $2,395,263. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Warby Parker news, CFO Steven Clive Miller sold 15,272 shares of Warby Parker stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $13.00, for a total transaction of $198,536.00. Following the completion of the transaction, the chief financial officer now owns 184,251 shares in the company, valued at approximately $2,395,263. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bradley E. Singer acquired 50,000 shares of the firm's stock in a transaction on Tuesday, August 13th. The shares were bought at an average cost of $13.00 per share, with a total value of $650,000.00. Following the completion of the acquisition, the director now directly owns 100,000 shares in the company, valued at approximately $1,300,000. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 99,178 shares of company stock valued at $1,339,901. 26.55% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Stifel Nicolaus upped their price objective on shares of Warby Parker from $14.00 to $15.00 and gave the company a "hold" rating in a research note on Friday, August 9th. JMP Securities raised shares of Warby Parker from a "market perform" rating to an "outperform" rating and set a $20.00 price target on the stock in a research report on Friday, August 23rd. Piper Sandler began coverage on Warby Parker in a report on Friday, August 23rd. They set an "overweight" rating and a $18.00 price target for the company. Telsey Advisory Group reissued an "outperform" rating and issued a $19.00 price objective on shares of Warby Parker in a research note on Thursday, August 8th. Finally, Loop Capital upped their target price on Warby Parker from $15.00 to $16.00 and gave the company a "hold" rating in a research report on Wednesday, July 10th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $17.11.

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.