Prentiss Smith & Co. Inc. Invests $1.11 Million in Warby Parker Inc. (NYSE:WRBY)

Prentiss Smith & Co. Inc. purchased 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 disclosure with the SEC. The institutional investor purchased 68,097 shares of the company's stock, valued at approximately $1,112,000. Prentiss Smith & Co. Inc. owned about 0.07% of Warby Parker as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Jacobson & Schmitt Advisors LLC increased its position in shares of Warby Parker by 0.3% in the first quarter. Jacobson & Schmitt Advisors LLC now owns 408,105 shares of the company's stock valued at $5,554,000 after acquiring an additional 1,397 shares during the last quarter. ProShare Advisors LLC grew its stake in Warby Parker by 10.2% in the first quarter. ProShare Advisors LLC now owns 15,470 shares of the company's stock valued at $211,000 after purchasing an additional 1,434 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Warby Parker by 79.9% during the 1st quarter. Advisors Asset Management Inc. now owns 5,125 shares of the company's stock worth $70,000 after purchasing an additional 2,276 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of Warby Parker by 11.5% during the 2nd quarter. Hsbc Holdings PLC now owns 25,696 shares of the company's stock worth $413,000 after purchasing an additional 2,651 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Warby Parker by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 44,667 shares of the company's stock valued at $717,000 after buying an additional 3,007 shares during the last quarter. 93.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

WRBY has been the topic of several analyst reports. Loop Capital upped their price target on shares of Warby Parker from $15.00 to $16.00 and gave the stock a "hold" rating in a research report on Wednesday, July 10th. Piper Sandler began coverage on shares of Warby Parker in a research note on Friday, August 23rd. They set an "overweight" rating and a $18.00 price objective on the stock. 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. The Goldman Sachs Group raised Warby Parker from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $15.00 to $18.00 in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft upgraded Warby Parker from a "neutral" rating to a "buy" rating and upped their price objective for the company from $15.00 to $18.00 in a research note on Monday. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.00.

Insider Activity

In other Warby Parker news, Director Bradley E. Singer bought 50,000 shares of the firm's stock in a transaction on Tuesday, August 13th. The shares were purchased at an average price of $13.00 per share, for a total transaction of $650,000.00. Following the transaction, the director now directly owns 100,000 shares in the company, valued at approximately $1,300,000. This trade represents a 100.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 on Friday, September 6th. The stock was sold at an average price of $13.00, for a total value of $198,536.00. Following the completion of the transaction, the chief financial officer now directly owns 184,251 shares of the company's stock, valued at $2,395,263. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bradley E. Singer bought 50,000 shares of the business's stock in a transaction dated Tuesday, August 13th. The shares were bought at an average price of $13.00 per share, with a total value of $650,000.00. Following the completion of the transaction, the director now owns 100,000 shares in the company, valued at approximately $1,300,000. This trade represents a 100.00 % increase in their position. The disclosure for this purchase can be found here. Over 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.

Warby Parker Trading Up 10.0 %

WRBY stock traded up $1.65 during mid-day trading on Monday, hitting $18.20. 2,608,793 shares of the company were exchanged, compared to its average volume of 1,398,716. Warby Parker Inc. has a 1-year low of $9.83 and a 1-year high of $18.21. The business has a 50 day simple moving average of $14.87 and a 200-day simple moving average of $15.07. The stock has a market capitalization of $1.83 billion, a PE ratio of -45.31 and a beta of 1.82.

Warby Parker (NYSE:WRBY - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $186.89 million. Equities research analysts expect that Warby Parker Inc. will post -0.04 earnings per share for the current year.

Warby Parker 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.