Research Analysts’ Weekly Ratings Changes for Warby Parker (WRBY)

Warby Parker (NYSE: WRBY) recently received a number of ratings updates from brokerages and research firms:

• 2/28/2025 – Warby Parker had its “outperform” rating reaffirmed by analysts at Citigroup Inc..
• 2/28/2025 – Warby Parker had its price target raised by analysts at Robert W. Baird from $30.00 to $32.00. They now have an “outperform” rating on the stock.
• 2/28/2025 – Warby Parker had its price target raised by analysts at UBS Group AG from $20.00 to $23.00. They now have a “neutral” rating on the stock.
• 2/27/2025 – Warby Parker had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $28.00 price target on the stock.
• 2/25/2025 – Warby Parker is now covered by analysts at Roth Mkm. They set a “neutral” rating and a $26.00 price target on the stock.
• 2/24/2025 – Warby Parker was upgraded by analysts at Roth Capital to a “strong-buy” rating.
• 2/20/2025 – Warby Parker had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $28.00 price target on the stock.
• 2/5/2025 – Warby Parker had its “sell” rating reaffirmed by analysts at Citigroup Inc.. They now have a $23.00 price target on the stock, up previously from $19.00.
• 1/21/2025 – Warby Parker had its price target raised by analysts at Morgan Stanley from $17.00 to $23.00. They now have an “equal weight” rating on the stock.
• 1/17/2025 – Warby Parker had its “in-line” rating reaffirmed by analysts at Evercore ISI. They now have a $23.00 price target on the stock.

Warby Parker Trading Down 3.8 %

Shares of NYSE:WRBY opened at $20.32 on Tuesday. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of -75.25 and a beta of 1.91. Warby Parker Inc. has a 1 year low of $11.35 and a 1 year high of $28.68. The business has a fifty day simple moving average of $25.36 and a 200 day simple moving average of $21.05.

Insider Transactions at Warby Parker

In related news, CEO Neil Harris Blumenthal sold 300,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $25.14, for a total value 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 approximately $306,129.78. This represents a 96.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Steven Clive Miller sold 7,016 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $23.85, for a total value of $167,331.60. Following the transaction, the chief financial officer now owns 182,130 shares in the company, valued at approximately $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 sold 546,667 shares of company stock valued at $13,784,984 in the last three months. Corporate insiders own 26.55% of the company’s stock.

Hedge Funds Weigh In On Warby Parker

Several institutional investors have recently bought and sold shares of the stock. Arizona State Retirement System raised its holdings in Warby Parker by 2.6% during the fourth quarter. Arizona State Retirement System now owns 24,881 shares of the company’s stock valued at $602,000 after buying an additional 619 shares in the last quarter. Mariner LLC raised its holdings in Warby Parker by 6.5% during the fourth quarter. Mariner LLC now owns 10,772 shares of the company’s stock valued at $261,000 after buying an additional 660 shares in the last quarter. Summit Investment Advisors Inc. raised its holdings in Warby Parker by 10.0% during the fourth quarter. Summit Investment Advisors Inc. now owns 9,265 shares of the company’s stock valued at $224,000 after buying an additional 840 shares in the last quarter. Global Retirement Partners LLC bought a new position in Warby Parker during the fourth quarter valued at about $25,000. Finally, Jones Financial Companies Lllp raised its holdings in Warby Parker by 205.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company’s stock valued at $37,000 after buying an additional 1,028 shares in the last quarter. 93.24% of the stock is currently owned by institutional investors.

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.