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Warby Parker Inc. (NYSE:WRBY) Given Average Rating of "Moderate Buy" by Analysts

Warby Parker logo with Consumer Staples background

Shares of Warby Parker Inc. (NYSE:WRBY - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eighteen analysts that are currently covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $22.88.

A number of analysts recently weighed in on the company. Cowen restated a "buy" rating on shares of Warby Parker in a report on Wednesday, May 21st. Roth Capital reiterated a "neutral" rating and issued a $21.00 price target (up previously from $18.00) on shares of Warby Parker in a research report on Thursday, May 22nd. Loop Capital restated a "buy" rating on shares of Warby Parker in a research report on Wednesday, May 21st. The Goldman Sachs Group lifted their price objective on Warby Parker from $18.00 to $20.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Finally, Citigroup reissued a "neutral" rating and set a $22.00 target price (up previously from $17.00) on shares of Warby Parker in a research report on Wednesday, May 21st.

Read Our Latest Analysis on WRBY

Warby Parker Stock Up 1.3%

NYSE WRBY traded up $0.29 on Friday, hitting $22.25. The company's stock had a trading volume of 564,025 shares, compared to its average volume of 1,981,851. The company's 50-day moving average is $19.96 and its 200 day moving average is $21.37. The firm has a market cap of $2.33 billion, a PE ratio of -185.42 and a beta of 2.09. Warby Parker has a 1-year low of $12.46 and a 1-year high of $28.68.

Insider Buying and Selling

In other Warby Parker news, Director Youngme E. Moon sold 33,073 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $19.90, for a total value of $658,152.70. Following the transaction, the director owned 53,869 shares in the company, valued at approximately $1,071,993.10. This represents a 38.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 18.24% of the stock is owned by insiders.

Hedge Funds Weigh In On Warby Parker

A number of large investors have recently modified their holdings of the company. Nuveen LLC acquired a new position in Warby Parker during the first quarter worth $30,549,000. Durable Capital Partners LP increased its position in shares of Warby Parker by 13.2% during the first quarter. Durable Capital Partners LP now owns 10,212,383 shares of the company's stock worth $186,172,000 after acquiring an additional 1,194,558 shares in the last quarter. 12 West Capital Management LP acquired a new stake in shares of Warby Parker in the 1st quarter worth about $21,420,000. Goldman Sachs Group Inc. lifted its position in Warby Parker by 96.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,888,817 shares of the company's stock valued at $34,433,000 after acquiring an additional 929,073 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Warby Parker by 64.7% during the 4th quarter. American Century Companies Inc. now owns 2,144,422 shares of the company's stock valued at $51,916,000 after purchasing an additional 842,558 shares during the last quarter. 93.24% of the stock is currently owned by institutional investors.

About Warby Parker

(Get Free Report

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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Analyst Recommendations for Warby Parker (NYSE:WRBY)

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