Riverwater Partners LLC Takes $460,000 Position in Warby Parker Inc. (NYSE:WRBY)

Riverwater Partners LLC bought a new position in Warby Parker Inc. (NYSE:WRBY - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 25,227 shares of the company's stock, valued at approximately $460,000.

Several other institutional investors have also recently bought and sold shares of the company. Global Retirement Partners LLC bought a new position in shares of Warby Parker during the 4th quarter worth about $25,000. NewEdge Advisors LLC lifted its position in shares of 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 purchasing an additional 1,050 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Warby Parker by 205.6% in the fourth 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 during the period. Comerica Bank lifted 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 stake in Warby Parker in the fourth quarter worth $69,000. Institutional investors own 93.24% of the company's stock.

Insider Buying and Selling

In related news, Director Youngme E. Moon sold 33,073 shares of the company's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $19.90, for a total transaction of $658,152.70. Following the completion of the transaction, the director now directly owns 53,869 shares in the company, valued at $1,071,993.10. This represents a 38.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 18.24% of the stock is owned by corporate insiders.

Warby Parker Stock Up 1.3%

Shares of NYSE:WRBY traded up $0.28 during midday trading on Monday, hitting $22.02. The stock had a trading volume of 2,103,805 shares, compared to its average volume of 1,963,289. The company's 50-day moving average price is $18.66 and its 200-day moving average price is $21.47. The company has a market capitalization of $2.30 billion, a P/E ratio of -183.50 and a beta of 2.10. Warby Parker Inc. has a fifty-two week low of $12.46 and a fifty-two week high of $28.68.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on WRBY shares. The Goldman Sachs Group raised 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. Cowen reissued a "buy" rating on shares of Warby Parker in a research report on Wednesday, May 21st. UBS Group reduced their target price on shares of Warby Parker from $23.00 to $20.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Roth Capital reaffirmed a "neutral" rating and set a $21.00 target price (up previously from $18.00) on shares of Warby Parker in a report on Thursday, May 22nd. Finally, TD Securities lifted their target price on shares of Warby Parker from $20.00 to $24.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $22.88.

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.