Analysts Set Warby Parker Inc. (NYSE:WRBY) PT at $20.73

Shares of Warby Parker Inc. (NYSE:WRBY) have earned a consensus recommendation of “Moderate Buy” from the twelve research firms that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $20.73.

A number of brokerages recently weighed in on WRBY. The Goldman Sachs Group upped their price objective on Warby Parker from $20.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Piper Sandler upped their price target on shares of Warby Parker from $18.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. JMP Securities raised their price objective on shares of Warby Parker from $23.00 to $28.00 and gave the company a “market outperform” rating in a research note on Monday, December 16th. Telsey Advisory Group upped their target price on shares of Warby Parker from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Finally, Stifel Nicolaus lifted their price target on shares of Warby Parker from $17.00 to $20.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th.

Warby Parker Stock Down 0.2 %

Shares of WRBY opened at $26.24 on Friday. The stock’s 50 day moving average is $23.93 and its two-hundred day moving average is $18.47. Warby Parker has a twelve month low of $11.35 and a twelve month high of $27.10.

Insider Buying and Selling at Warby Parker

In other Warby Parker news, CFO Steven Clive Miller sold 7,016 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $23.85, for a total value of $167,331.60. Following the sale, the chief financial officer now directly owns 182,130 shares of the company’s stock, valued at approximately $4,343,800.50. This trade represents a 3.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 completion of the sale, the chief executive officer now directly owns 12,177 shares in the company, valued at $306,129.78. This represents a 96.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 558,032 shares of company stock worth $13,807,864. Corporate insiders own 26.55% of the company’s stock.

Hedge Funds Weigh In On Warby Parker

Several hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC grew its stake in shares of Warby Parker by 7.9% in the third quarter. Geode Capital Management LLC now owns 1,970,620 shares of the company’s stock valued at $32,187,000 after buying an additional 144,623 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Warby Parker in the third quarter valued at approximately $318,000. XTX Topco Ltd raised its stake in shares of Warby Parker by 71.8% during the third 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 during the period. State Street Corp lifted its position in shares of Warby Parker by 3.2% during the third quarter. State Street Corp now owns 2,209,025 shares of the company’s stock worth $36,073,000 after purchasing an additional 69,108 shares in the last quarter. Finally, Invenomic Capital Management LP boosted its stake in shares of Warby Parker by 12.0% in the third quarter. Invenomic Capital Management LP now owns 383,877 shares of the company’s stock valued at $6,269,000 after purchasing an additional 41,110 shares during the period. 93.24% of the stock is owned by institutional investors and hedge funds.

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.