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

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

A number of other hedge funds have also made changes to their positions in WRBY. Global Retirement Partners LLC acquired a new position in shares of Warby Parker during the 4th quarter valued at $25,000. NewEdge Advisors LLC raised its position in 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 acquiring an additional 1,050 shares in the last quarter. Jones Financial Companies Lllp boosted its position 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 raised its holdings in shares of Warby Parker by 153.1% in 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 in the last quarter. Finally, Anderson Financial Strategies LLC acquired a new stake in Warby Parker during the fourth quarter valued at approximately $69,000. Institutional investors and hedge funds own 93.24% of the company's stock.

Warby Parker Price Performance

Warby Parker stock opened at $21.34 on Friday. Warby Parker Inc. has a one year low of $12.46 and a one year high of $28.68. The company's fifty day moving average price is $18.38 and its two-hundred day moving average price is $21.52. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of -177.81 and a beta of 2.10.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on WRBY shares. Cowen reiterated a "buy" rating on shares of Warby Parker in a research report on Wednesday, May 21st. Stifel Nicolaus raised their target price on shares of Warby Parker from $18.00 to $21.00 and gave the stock a "hold" rating in a report on Wednesday, May 21st. Telsey Advisory Group dropped their target price on shares of Warby Parker from $30.00 to $22.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. UBS Group reduced their price target on shares of Warby Parker from $23.00 to $20.00 and set a "neutral" rating for the company in a research report on Tuesday, May 13th. Finally, Robert W. Baird raised their price objective on shares of Warby Parker from $30.00 to $32.00 and gave the stock an "outperform" rating in a research note on Friday, February 28th. 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, Warby Parker presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.88.

Insider Activity

In other Warby Parker news, Director Youngme E. Moon sold 33,073 shares of the business's stock in a transaction 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 owns 53,869 shares of the company's stock, valued at $1,071,993.10. The trade was a 38.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 18.24% of the stock is currently owned by insiders.

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.

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