Evercore ISI Reiterates In-Line Rating for Warby Parker (NYSE:WRBY)

Evercore ISI restated their in-line rating on shares of Warby Parker (NYSE:WRBY - Free Report) in a research report report published on Friday, Marketbeat Ratings reports. They currently have a $23.00 price target on the stock.

Several other analysts have also commented on WRBY. BTIG Research increased their price target on shares of Warby Parker from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Piper Sandler increased their target price on Warby Parker from $18.00 to $22.00 and gave the company an "overweight" rating in a report on Friday, November 8th. The Goldman Sachs Group boosted their price target on Warby Parker from $20.00 to $26.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Robert W. Baird increased their price objective on Warby Parker from $18.00 to $23.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Finally, JMP Securities lifted their price objective on Warby Parker from $23.00 to $28.00 and gave the stock a "market outperform" rating in a research report on Monday, December 16th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $20.92.

Warby Parker Trading Down 6.3 %

Shares of NYSE:WRBY traded down $1.66 during midday trading on Friday, hitting $24.57. 2,568,556 shares of the stock were exchanged, compared to its average volume of 1,818,169. The stock has a market cap of $2.50 billion, a P/E ratio of -90.98 and a beta of 1.88. Warby Parker has a twelve month low of $11.35 and a twelve month high of $27.10. The company has a 50 day moving average price of $24.03 and a 200-day moving average price of $18.54.

Insider Buying and Selling

In other Warby Parker news, CFO Steven Clive Miller sold 7,016 shares of the company'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 completion of the sale, the chief financial officer now directly owns 182,130 shares in the company, valued at $4,343,800.50. This represents a 3.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Neil Harris Blumenthal sold 300,000 shares of the firm's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $25.14, for a total value of $7,542,000.00. Following the completion of the transaction, the chief executive officer now owns 12,177 shares in the company, valued at approximately $306,129.78. This trade represents a 96.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 558,032 shares of company stock valued at $13,807,864. Insiders own 26.55% of the company's stock.

Institutional Trading of Warby Parker

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dakota Wealth Management acquired a new position in Warby Parker during the fourth quarter valued at approximately $895,000. Perpetual Ltd acquired a new position in shares of Warby Parker during the 4th quarter valued at $488,000. Geode Capital Management LLC lifted its holdings in shares of Warby Parker by 7.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,970,620 shares of the company's stock valued at $32,187,000 after acquiring an additional 144,623 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Warby Parker during the 3rd quarter worth $318,000. Finally, XTX Topco Ltd increased its holdings in Warby Parker by 71.8% in the 3rd quarter. XTX Topco Ltd now owns 44,145 shares of the company's stock valued at $721,000 after purchasing an additional 18,443 shares in the last quarter. Institutional investors and hedge funds own 93.24% of the company's stock.

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.