Jefferies Financial Group Inc. purchased a new position in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 15,995 shares of the company's stock, valued at approximately $292,000.
Other large investors have also recently added to or reduced their stakes in the company. Modera Wealth Management LLC purchased a new stake in shares of Warby Parker in the first quarter worth about $186,000. XTX Topco Ltd acquired a new position in Warby Parker during the 1st quarter worth approximately $395,000. GSA Capital Partners LLP boosted its holdings in Warby Parker by 17.7% in the 1st quarter. GSA Capital Partners LLP now owns 35,187 shares of the company's stock worth $641,000 after acquiring an additional 5,287 shares during the period. Bryce Point Capital LLC acquired a new stake in Warby Parker in the first quarter valued at approximately $1,022,000. Finally, Knights of Columbus Asset Advisors LLC raised its stake in shares of Warby Parker by 2.7% during the first quarter. Knights of Columbus Asset Advisors LLC now owns 98,343 shares of the company's stock valued at $1,793,000 after purchasing an additional 2,611 shares during the period. 93.24% of the stock is currently owned by institutional investors and hedge funds.
Warby Parker Stock Performance
Shares of WRBY traded down $0.11 during mid-day trading on Friday, reaching $23.37. 2,626,000 shares of the company's stock traded hands, compared to its average volume of 1,752,055. The business's 50-day moving average price is $22.64 and its 200-day moving average price is $21.05. The stock has a market capitalization of $2.44 billion, a P/E ratio of -333.81 and a beta of 2.09. Warby Parker Inc. has a 12 month low of $12.46 and a 12 month high of $29.73.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on WRBY. BTIG Research restated a "buy" rating and issued a $28.00 target price (up from $24.00) on shares of Warby Parker in a research note on Thursday. The Goldman Sachs Group boosted their price objective on shares of Warby Parker from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Citigroup restated a "neutral" rating and set a $22.00 target price (up from $17.00) on shares of Warby Parker in a research note on Wednesday, May 21st. UBS Group reiterated a "neutral" rating and issued a $23.00 price target (up previously from $20.00) on shares of Warby Parker in a research note on Friday. Finally, Stifel Nicolaus raised their price objective on Warby Parker from $21.00 to $22.00 and gave the company a "hold" rating in a research note on Friday. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, Warby Parker has a consensus rating of "Moderate Buy" and an average target price of $24.06.
View Our Latest Stock Analysis on WRBY
Insider Activity at Warby Parker
In related news, Director Youngme E. Moon sold 33,073 shares of Warby Parker stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $19.90, for a total transaction of $658,152.70. Following the sale, the director directly owned 53,869 shares in the company, valued at $1,071,993.10. The trade was a 38.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Neil Harris Blumenthal sold 49,600 shares of the stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $24.21, for a total transaction of $1,200,816.00. Following the completion of the transaction, the chief executive officer owned 28,347 shares of the company's stock, valued at $686,280.87. This represents a 63.63% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 83,073 shares of company stock worth $1,868,573. 18.24% of the stock is owned by insiders.
Warby Parker Profile
(
Free Report)
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.
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