Warby Parker Inc. (NYSE:WRBY) Given Consensus Rating of “Moderate Buy” by Brokerages

Warby Parker Inc. (NYSE:WRBY) has earned an average recommendation of “Moderate Buy” from the sixteen ratings firms that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $22.93.

WRBY has been the subject of a number of analyst reports. Citigroup reissued an “outperform” rating on shares of Warby Parker in a report on Friday, February 28th. Morgan Stanley upped their target price on Warby Parker from $17.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. Evercore ISI reaffirmed an “in-line” rating and set a $23.00 target price on shares of Warby Parker in a research note on Friday, January 17th. Robert W. Baird upped their target price on Warby Parker from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, February 28th. Finally, Stifel Nicolaus reduced their target price on Warby Parker from $25.00 to $18.00 and set a “hold” rating for the company in a research note on Thursday, April 10th.

Insider Buying and Selling at Warby Parker

In other Warby Parker news, CFO Steven Clive Miller sold 11,684 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $23.52, for a total value of $274,807.68. Following the transaction, the chief financial officer now directly owns 204,727 shares in the company, valued at $4,815,179.04. The trade was a 5.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Neil Harris Blumenthal sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $27.61, for a total transaction of $1,380,500.00. Following the completion of the sale, the chief executive officer now directly owns 12,177 shares in the company, valued at $336,206.97. This trade represents a 80.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 89,651 shares of company stock worth $2,313,092 in the last ninety 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 made changes to their positions in WRBY. Geode Capital Management LLC raised its stake in shares of Warby Parker by 7.9% in 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 during the period. Perpetual Ltd purchased a new stake in shares of Warby Parker in the 4th quarter valued at approximately $488,000. Dakota Wealth Management purchased a new stake in shares of Warby Parker in the 4th quarter valued at approximately $895,000. KBC Group NV increased its stake in Warby Parker by 39.3% during the 4th quarter. KBC Group NV now owns 4,743 shares of the company’s stock worth $115,000 after buying an additional 1,339 shares during the period. Finally, Choreo LLC increased its stake in Warby Parker by 60.6% during the 4th quarter. Choreo LLC now owns 17,155 shares of the company’s stock worth $415,000 after buying an additional 6,472 shares during the period. 93.24% of the stock is owned by hedge funds and other institutional investors.

Warby Parker Trading Down 0.3 %

Shares of NYSE:WRBY opened at $15.47 on Tuesday. Warby Parker has a 12-month low of $11.66 and a 12-month high of $28.68. The company has a market capitalization of $1.60 billion, a PE ratio of -57.30 and a beta of 2.00. The business has a 50 day moving average of $18.66 and a two-hundred day moving average of $21.58.

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.