Warby Parker Inc. (NYSE:WRBY) Director Sells $658,152.70 in Stock

Warby Parker Inc. (NYSE:WRBY - Get Free Report) 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 transaction of $658,152.70. Following 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Warby Parker Stock Up 2.1%

Shares of NYSE WRBY traded up $0.44 during mid-day trading on Friday, reaching $21.20. 2,961,817 shares of the company were exchanged, compared to its average volume of 1,914,797. The company's 50-day simple moving average is $17.02 and its 200-day simple moving average is $21.62. The stock has a market capitalization of $2.22 billion, a P/E ratio of -78.52 and a beta of 2.01. Warby Parker Inc. has a twelve month low of $12.46 and a twelve month high of $28.68.

Hedge Funds Weigh In On Warby Parker

A number of hedge funds have recently bought and sold shares of the business. Nuveen LLC bought a new stake in Warby Parker in the 1st quarter valued at about $30,549,000. Durable Capital Partners LP raised its position in shares of Warby Parker by 13.2% in the first quarter. Durable Capital Partners LP now owns 10,212,383 shares of the company's stock valued at $186,172,000 after buying an additional 1,194,558 shares in the last quarter. 12 West Capital Management LP bought a new stake in shares of Warby Parker in the first quarter valued at approximately $21,420,000. Goldman Sachs Group Inc. grew its position in Warby Parker by 96.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,888,817 shares of the company's stock worth $34,433,000 after buying an additional 929,073 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Warby Parker by 64.7% during the fourth quarter. American Century Companies Inc. now owns 2,144,422 shares of the company's stock worth $51,916,000 after buying an additional 842,558 shares in the last quarter. 93.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Cowen reiterated a "buy" rating on shares of Warby Parker in a report on Wednesday, May 21st. Telsey Advisory Group lowered their price target on Warby Parker from $30.00 to $22.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Roth Mkm started coverage on Warby Parker in a research note on Tuesday, February 25th. They set a "neutral" rating and a $26.00 price objective on the stock. Citigroup reissued a "neutral" rating and issued a $22.00 price objective (up previously from $17.00) on shares of Warby Parker in a report on Wednesday, May 21st. Finally, Stifel Nicolaus boosted 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. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently 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.