Driehaus Capital Management LLC Has $23.35 Million Holdings in Warby Parker Inc. (NYSE:WRBY)

Driehaus Capital Management LLC raised its stake in Warby Parker Inc. (NYSE:WRBY - Free Report) by 18.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 964,441 shares of the company's stock after purchasing an additional 151,871 shares during the quarter. Driehaus Capital Management LLC owned 0.95% of Warby Parker worth $23,349,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new stake in shares of Warby Parker during the 4th quarter valued at approximately $25,000. NewEdge Advisors LLC lifted its position in Warby Parker by 700.0% during the fourth quarter. NewEdge Advisors LLC now owns 1,200 shares of the company's stock worth $29,000 after buying an additional 1,050 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Warby Parker by 205.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company's stock worth $37,000 after buying an additional 1,028 shares during the last quarter. Comerica Bank raised its holdings in Warby Parker by 153.1% in the fourth quarter. Comerica Bank now owns 2,291 shares of the company's stock valued at $55,000 after buying an additional 1,386 shares during the period. Finally, Anderson Financial Strategies LLC acquired a new position in Warby Parker during the fourth quarter valued at approximately $69,000. 93.24% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Steven Clive Miller sold 11,684 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total value of $274,807.68. Following the transaction, the chief financial officer now owns 204,727 shares in the company, valued at approximately $4,815,179.04. This represents a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Neil Harris Blumenthal sold 27,967 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total transaction of $657,783.84. Following the transaction, the chief executive officer now owns 23,961 shares in the company, valued at approximately $563,562.72. This trade represents a 53.86% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 26.55% of the company's stock.

Warby Parker Stock Down 2.1%

Warby Parker stock traded down $0.39 during mid-day trading on Tuesday, hitting $18.49. The company's stock had a trading volume of 3,130,871 shares, compared to its average volume of 1,820,049. The stock's fifty day moving average price is $17.21 and its two-hundred day moving average price is $21.57. The stock has a market capitalization of $1.93 billion, a P/E ratio of -68.48 and a beta of 2.01. Warby Parker Inc. has a twelve month low of $12.46 and a twelve month high of $28.68.

Analysts Set New Price Targets

WRBY has been the subject of a number of recent research reports. Evercore ISI reiterated an "in-line" rating and issued a $23.00 target price on shares of Warby Parker in a research note on Friday, January 17th. The Goldman Sachs Group boosted their target price on shares of Warby Parker from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Friday. JMP Securities lowered their target price on shares of Warby Parker from $30.00 to $22.00 and set a "market outperform" rating for the company in a research note on Monday, April 14th. Piper Sandler dropped their price target on Warby Parker from $30.00 to $20.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Finally, Loop Capital upgraded Warby Parker from a "hold" rating to a "buy" rating and set a $27.00 target price on the stock in a research note on Thursday, April 17th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.00.

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.