Investors Purchase Large Volume of Call Options on Warby Parker (NYSE:WRBY)

Warby Parker Inc. (NYSE:WRBY - Get Free Report) saw some unusual options trading activity on Friday. Traders bought 2,533 call options on the company. This is an increase of approximately 346% compared to the typical daily volume of 568 call options.

Warby Parker Stock Down 0.8 %

WRBY stock traded down $0.18 during midday trading on Friday, reaching $23.63. 1,801,816 shares of the company were exchanged, compared to its average volume of 1,508,827. Warby Parker has a 1-year low of $11.35 and a 1-year high of $24.71. The stock's 50-day simple moving average is $19.96 and its 200 day simple moving average is $17.01.

Insider Buying and Selling at Warby Parker

In related news, CEO Neil Harris Blumenthal sold 50,000 shares of the firm's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $23.65, for a total transaction of $1,182,500.00. Following the completion of the transaction, the chief executive officer now directly owns 12,177 shares in the company, valued at $287,986.05. This trade represents a 80.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Steven Clive Miller sold 7,016 shares of the business's stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $23.85, for a total transaction of $167,331.60. Following the sale, the chief financial officer now owns 182,130 shares in the company, valued at $4,343,800.50. This trade represents a 3.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 108,032 shares of company stock valued at $2,503,303 over the last 90 days. 26.55% of the stock is owned by insiders.

Institutional Investors Weigh In On Warby Parker

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. First Eagle Investment Management LLC acquired a new position in Warby Parker during the second quarter worth approximately $131,000. Choreo LLC acquired a new position in shares of Warby Parker in the 2nd quarter valued at $167,000. AQR Capital Management LLC purchased a new stake in Warby Parker in the 2nd quarter valued at $186,000. Thrivent Financial for Lutherans acquired a new stake in Warby Parker during the 3rd quarter worth $213,000. Finally, LVW Advisors LLC grew its position in Warby Parker by 27.9% during the 3rd quarter. LVW Advisors LLC now owns 16,027 shares of the company's stock worth $262,000 after purchasing an additional 3,500 shares during the last quarter. 93.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on WRBY shares. The Goldman Sachs Group upped their target price on shares of Warby Parker from $20.00 to $26.00 and gave the stock a "buy" rating in a research note on Tuesday. JMP Securities raised Warby Parker from a "market perform" rating to an "outperform" rating and set a $20.00 price objective on the stock in a research report on Friday, August 23rd. William Blair upgraded Warby Parker from a "market perform" rating to an "outperform" rating in a report on Thursday, November 7th. Stifel Nicolaus upped their price target on Warby Parker from $17.00 to $20.00 and gave the stock a "hold" rating in a report on Wednesday. Finally, BTIG Research increased their price target on Warby Parker from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Warby Parker currently has an average rating of "Moderate Buy" and a consensus target price of $20.00.

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.