Warby Parker Inc. (NYSE:WRBY - Get Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as $27.33 and last traded at $26.78, with a volume of 73214 shares. The stock had previously closed at $26.96.
Analyst Ratings Changes
Several research firms have issued reports on WRBY. The Goldman Sachs Group upped their price target on Warby Parker from $20.00 to $26.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. 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 research note 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 research note on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft raised shares of Warby Parker from a "neutral" rating to a "buy" rating and boosted their target price for the company from $15.00 to $18.00 in a research note on Monday, October 21st. Finally, BTIG Research boosted their target price on shares of Warby Parker from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $21.67.
Get Our Latest Analysis on WRBY
Warby Parker Stock Down 0.6 %
The firm has a market cap of $2.72 billion, a price-to-earnings ratio of -99.20 and a beta of 1.88. The stock's 50-day moving average price is $24.60 and its 200 day moving average price is $19.06.
Insider Buying and Selling
In other news, CFO Steven Clive Miller sold 14,853 shares of the firm's stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $22.61, for a total transaction of $335,826.33. Following the completion of the sale, the chief financial officer now owns 189,146 shares of the company's stock, valued at approximately $4,276,591.06. This trade represents a 7.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Neil Harris Blumenthal sold 300,000 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $25.14, for a total transaction of $7,542,000.00. Following the sale, the chief executive officer now directly owns 12,177 shares of the company's stock, valued at approximately $306,129.78. The trade was a 96.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 558,032 shares of company stock valued at $13,807,864 over the last quarter. Corporate insiders own 26.55% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of WRBY. State Street Corp raised its position in shares of Warby Parker by 3.2% during the 3rd quarter. State Street Corp now owns 2,209,025 shares of the company's stock valued at $36,073,000 after acquiring an additional 69,108 shares during the last quarter. Blueshift Asset Management LLC bought a new stake in shares of Warby Parker during the 3rd quarter valued at $1,223,000. TimesSquare Capital Management LLC raised its position in shares of Warby Parker by 12.8% during the 3rd quarter. TimesSquare Capital Management LLC now owns 1,856,370 shares of the company's stock valued at $30,315,000 after acquiring an additional 211,050 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of Warby Parker by 3.2% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,555,705 shares of the company's stock valued at $41,735,000 after acquiring an additional 78,295 shares during the last quarter. Finally, Loomis Sayles & Co. L P raised its position in shares of Warby Parker by 20.3% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,782,629 shares of the company's stock valued at $29,111,000 after acquiring an additional 300,891 shares during the last quarter. Institutional investors own 93.24% of the company's stock.
Warby Parker Company Profile
(
Get Free Report)
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.
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