Steven Clive Miller Sells 11,684 Shares of Warby Parker Inc. (NYSE:WRBY) Stock

Warby Parker Inc. (NYSE:WRBY - Get Free Report) CFO Steven Clive Miller sold 11,684 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $23.52, for a total transaction of $274,807.68. Following the transaction, the chief financial officer now directly owns 204,727 shares in the company, valued at approximately $4,815,179.04. The trade was a 5.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Wednesday, December 11th, Steven Clive Miller sold 7,016 shares of Warby Parker stock. The shares were sold at an average price of $23.85, for a total transaction of $167,331.60.

Warby Parker Stock Down 2.2 %

WRBY traded down $0.47 during midday trading on Friday, hitting $21.10. 3,310,855 shares of the company traded hands, compared to its average volume of 1,813,399. The firm has a market capitalization of $2.19 billion, a PE ratio of -78.15 and a beta of 1.91. The company's 50-day moving average is $25.36 and its 200 day moving average is $21.00. Warby Parker Inc. has a 52 week low of $11.35 and a 52 week high of $28.68.

Hedge Funds Weigh In On Warby Parker

Several hedge funds and other institutional investors have recently bought and sold shares of WRBY. American Century Companies Inc. lifted its stake in Warby Parker by 64.7% during the 4th quarter. American Century Companies Inc. now owns 2,144,422 shares of the company's stock valued at $51,916,000 after acquiring an additional 842,558 shares during the period. Durable Capital Partners LP lifted its stake in Warby Parker by 10.3% during the 4th quarter. Durable Capital Partners LP now owns 9,017,825 shares of the company's stock valued at $218,322,000 after acquiring an additional 840,797 shares during the period. Great Lakes Advisors LLC bought a new position in Warby Parker during the 4th quarter valued at about $14,596,000. Verition Fund Management LLC purchased a new stake in shares of Warby Parker during the 3rd quarter valued at about $7,462,000. Finally, Symmetry Investments LP purchased a new stake in shares of Warby Parker during the 4th quarter valued at about $8,581,000. Institutional investors own 93.24% of the company's stock.

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Wall Street Analysts Forecast Growth

WRBY has been the topic of a number of research analyst reports. Roth Mkm initiated coverage on shares of Warby Parker in a research report on Tuesday, February 25th. They set a "neutral" rating and a $26.00 price objective on the stock. Evercore ISI restated an "in-line" rating and set a $23.00 target price on shares of Warby Parker in a report on Friday, January 17th. Morgan Stanley boosted their target price on shares of Warby Parker from $17.00 to $23.00 and gave the company an "equal weight" rating in a report on Tuesday, January 21st. Stifel Nicolaus boosted their target price on shares of Warby Parker from $17.00 to $20.00 and gave the company a "hold" rating in a report on Wednesday, December 11th. Finally, Robert W. Baird boosted their target price on shares of Warby Parker from $30.00 to $32.00 and gave the company an "outperform" rating in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $23.43.

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.