NBC Securities Inc. Buys 11,574 Shares of Warby Parker Inc. (NYSE:WRBY)

NBC Securities Inc. boosted its stake in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 44,515.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,600 shares of the company's stock after acquiring an additional 11,574 shares during the period. NBC Securities Inc.'s holdings in Warby Parker were worth $211,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC bought a new position in shares of Warby Parker in the fourth quarter worth $25,000. NewEdge Advisors LLC increased its holdings in Warby Parker by 700.0% in the 4th quarter. NewEdge Advisors LLC now owns 1,200 shares of the company's stock valued at $29,000 after buying an additional 1,050 shares during the period. Jones Financial Companies Lllp raised its position in shares of Warby Parker by 205.6% in the 4th 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. Comerica Bank lifted its holdings in shares of 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 acquiring an additional 1,386 shares during the period. Finally, Anderson Financial Strategies LLC bought a new stake in shares of Warby Parker during the 4th quarter worth approximately $69,000. 93.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Warby Parker

In other news, Director Youngme E. Moon sold 33,073 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $19.90, for a total transaction of $658,152.70. Following the transaction, the director now directly owns 53,869 shares of the company's stock, valued at $1,071,993.10. This represents 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 this link. Insiders own 18.24% of the company's stock.

Analyst Upgrades and Downgrades

WRBY has been the subject of several recent analyst reports. UBS Group cut their target price on Warby Parker from $23.00 to $20.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Telsey Advisory Group dropped their price objective on Warby Parker from $30.00 to $22.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. Piper Sandler reiterated an "overweight" rating and issued a $25.00 target price (up previously from $20.00) on shares of Warby Parker in a research report on Thursday, May 29th. Stifel Nicolaus boosted their target price on Warby Parker from $18.00 to $21.00 and gave the stock a "hold" rating in a research note on Wednesday, May 21st. Finally, Roth Mkm began coverage on shares of Warby Parker in a research note on Tuesday, February 25th. They issued a "neutral" rating and a $26.00 price target on the stock. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.88.

Warby Parker Stock Up 1.9%

WRBY opened at $21.61 on Monday. The stock has a market cap of $2.26 billion, a PE ratio of -80.03 and a beta of 2.10. The company has a fifty day moving average of $17.27 and a 200-day moving average of $21.57. Warby Parker Inc. has a twelve month low of $12.46 and a twelve month high of $28.68.

About Warby Parker

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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