Warby Parker Inc. (NYSE:WRBY) Director Youngme E. Moon Sells 33,073 Shares

Warby Parker Inc. (NYSE:WRBY - Get Free Report) Director Youngme E. Moon sold 33,073 shares of Warby Parker stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $19.90, for a total value of $658,152.70. Following the sale, the director now directly owns 53,869 shares of the company's stock, valued at approximately $1,071,993.10. This trade represents a 38.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Warby Parker Price Performance

Warby Parker stock traded up $0.44 during trading hours on Friday, hitting $21.20. 2,961,828 shares of the stock traded hands, compared to its average volume of 1,919,410. The firm's 50 day moving average price is $17.04 and its 200-day moving average price is $21.62. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of -78.52 and a beta of 2.01. Warby Parker Inc. has a 1 year low of $12.46 and a 1 year high of $28.68.

Institutional Trading of Warby Parker

Several large investors have recently added to or reduced their stakes in the company. Rhumbline Advisers grew its stake in Warby Parker by 5.4% during the 1st quarter. Rhumbline Advisers now owns 130,612 shares of the company's stock valued at $2,381,000 after purchasing an additional 6,697 shares during the last quarter. Anderson Financial Strategies LLC boosted its stake in shares of Warby Parker by 39.0% in the first quarter. Anderson Financial Strategies LLC now owns 3,954 shares of the company's stock worth $72,000 after buying an additional 1,109 shares during the last quarter. Strs Ohio purchased a new stake in shares of Warby Parker in the first quarter worth about $294,000. Intech Investment Management LLC boosted its stake in shares of Warby Parker by 98.4% in the first quarter. Intech Investment Management LLC now owns 81,249 shares of the company's stock worth $1,481,000 after buying an additional 40,307 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Warby Parker by 17.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 257,020 shares of the company's stock worth $4,685,000 after buying an additional 38,395 shares during the last quarter. Hedge funds and other institutional investors own 93.24% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WRBY. The Goldman Sachs Group lifted their target price on Warby Parker from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Loop Capital reiterated a "buy" rating on shares of Warby Parker in a report on Wednesday, May 21st. Telsey Advisory Group cut their price target on Warby Parker from $30.00 to $22.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. TD Securities lifted their price target on Warby Parker from $20.00 to $24.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Finally, Stifel Nicolaus lifted their price target on Warby Parker from $18.00 to $21.00 and gave the company 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.