CenterBook Partners LP Invests $1.42 Million in Warby Parker Inc. (NYSE:WRBY)

CenterBook Partners LP bought a new position in Warby Parker Inc. (NYSE:WRBY - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 77,861 shares of the company's stock, valued at approximately $1,419,000. CenterBook Partners LP owned approximately 0.07% of Warby Parker as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of WRBY. NewEdge Advisors LLC grew its holdings in shares of Warby Parker by 700.0% in the fourth quarter. NewEdge Advisors LLC now owns 1,200 shares of the company's stock worth $29,000 after purchasing an additional 1,050 shares during the last quarter. New York State Teachers Retirement System purchased a new position in shares of Warby Parker in the 1st quarter valued at approximately $27,000. 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 valued at $37,000 after purchasing an additional 1,028 shares in the last quarter. Comerica Bank boosted its stake in Warby Parker by 153.1% during the 4th quarter. Comerica Bank now owns 2,291 shares of the company's stock worth $55,000 after purchasing an additional 1,386 shares during the last quarter. Finally, Anderson Financial Strategies LLC acquired a new position in shares of Warby Parker during the 4th quarter valued at about $69,000. Hedge funds and other institutional investors own 93.24% of the company's stock.

Insiders Place Their Bets

In related news, Director Youngme E. Moon sold 33,073 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $19.90, for a total value of $658,152.70. Following the completion of the sale, the director directly owned 53,869 shares in the company, valued at $1,071,993.10. This represents a 38.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 18.24% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Roth Capital reissued a "neutral" rating and issued a $21.00 price objective (up from $18.00) on shares of Warby Parker in a report on Thursday, May 22nd. Citizens Jmp lowered Warby Parker from an "outperform" rating to a "market perform" rating in a research note on Thursday, July 10th. Stifel Nicolaus lifted their price objective on Warby Parker from $18.00 to $21.00 and gave the company a "hold" rating in a research note on Wednesday, May 21st. Telsey Advisory Group dropped their target price on Warby Parker from $30.00 to $22.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Finally, Cowen reiterated a "buy" rating on shares of Warby Parker in a report on Wednesday, May 21st. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $22.88.

Warby Parker Stock Performance

Shares of WRBY opened at $23.46 on Thursday. Warby Parker Inc. has a 52 week low of $12.46 and a 52 week high of $28.68. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of -194.77 and a beta of 2.09. The stock has a fifty day moving average of $20.93 and a 200-day moving average of $21.25.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.