Driehaus Capital Management LLC Has $12.95 Million Stake in Warby Parker Inc. (NYSE:WRBY)

Driehaus Capital Management LLC increased its holdings in Warby Parker Inc. (NYSE:WRBY - Free Report) by 43.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 806,501 shares of the company's stock after acquiring an additional 246,011 shares during the period. Driehaus Capital Management LLC owned about 0.81% of Warby Parker worth $12,952,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. SG Americas Securities LLC lifted its position in shares of Warby Parker by 610.3% in the second quarter. SG Americas Securities LLC now owns 91,598 shares of the company's stock worth $1,471,000 after purchasing an additional 78,702 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Warby Parker by 302.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 48,245 shares of the company's stock valued at $657,000 after buying an additional 36,245 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Warby Parker by 113.3% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,477,410 shares of the company's stock valued at $39,787,000 after buying an additional 1,315,672 shares during the period. Vanguard Group Inc. grew its holdings in shares of Warby Parker by 7.7% during the 4th quarter. Vanguard Group Inc. now owns 8,457,986 shares of the company's stock valued at $119,258,000 after acquiring an additional 607,352 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Warby Parker by 37.1% in the first quarter. Russell Investments Group Ltd. now owns 225,338 shares of the company's stock worth $3,067,000 after acquiring an additional 61,004 shares during the last quarter. 93.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Loop Capital boosted their target price on Warby Parker from $15.00 to $16.00 and gave the company a "hold" rating in a research note on Wednesday, July 10th. Stifel Nicolaus increased their price objective on Warby Parker from $14.00 to $15.00 and gave the stock a "hold" rating in a report on Friday, August 9th. Telsey Advisory Group reiterated an "outperform" rating and issued a $19.00 target price on shares of Warby Parker in a research note on Thursday, August 8th. Piper Sandler assumed coverage on shares of Warby Parker in a research report on Friday, August 23rd. They issued an "overweight" rating and a $18.00 target price for the company. Finally, JMP Securities upgraded 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 report on Friday, August 23rd. Four research analysts have rated the stock with a hold rating and five have issued 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 a consensus target price of $17.11.

Warby Parker Trading Down 0.4 %

WRBY traded down $0.06 during trading on Friday, hitting $16.03. The stock had a trading volume of 1,375,733 shares, compared to its average volume of 1,395,530. The firm has a market cap of $1.59 billion, a PE ratio of -34.11 and a beta of 1.80. Warby Parker Inc. has a 12 month low of $9.83 and a 12 month high of $17.95. The company has a 50 day simple moving average of $14.76 and a 200-day simple moving average of $14.74.

Warby Parker (NYSE:WRBY - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.03) EPS for the quarter, topping 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 business had revenue of $188.22 million for the quarter, compared to analyst estimates of $186.89 million. As a group, sell-side analysts anticipate that Warby Parker Inc. will post -0.04 earnings per share for the current fiscal year.

Insider Transactions at Warby Parker

In related news, CFO Steven Clive Miller sold 6,763 shares of the company's stock in a transaction on Wednesday, September 11th. The shares were 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 in the company, valued at approximately $2,467,083.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Steven Clive Miller sold 6,763 shares of the business's stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $13.90, for a total transaction of $94,005.70. Following the transaction, the chief financial officer now directly owns 177,488 shares in the company, valued at $2,467,083.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bradley E. Singer acquired 50,000 shares of Warby Parker stock in a transaction on Tuesday, August 13th. The stock was purchased at an average price of $13.00 per share, with a total value of $650,000.00. Following the transaction, 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. Over the last quarter, insiders have sold 99,178 shares of company stock worth $1,339,901. Insiders own 26.55% of the company's stock.

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.