Warby Parker Inc. (NYSE:WRBY - Get Free Report)'s share price traded down 3.7% during trading on Thursday . The stock traded as low as $21.06 and last traded at $20.99. 78,350 shares were traded during mid-day trading, a decline of 96% from the average session volume of 1,961,487 shares. The stock had previously closed at $21.79.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the company. Roth Capital restated a "neutral" rating and issued a $21.00 price objective (up previously from $18.00) on shares of Warby Parker in a research report on Thursday, May 22nd. The Goldman Sachs Group upped their price objective on Warby Parker from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Citigroup restated a "neutral" rating and issued a $22.00 price objective (up previously from $17.00) on shares of Warby Parker in a research report on Wednesday, May 21st. Stifel Nicolaus upped their price objective on Warby Parker from $18.00 to $21.00 and gave the stock a "hold" rating in a research report on Wednesday, May 21st. Finally, UBS Group lowered their price objective on Warby Parker from $23.00 to $20.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $22.88.
Read Our Latest Research Report on WRBY
Warby Parker Stock Up 1.9%
The business has a 50 day simple moving average of $19.25 and a 200-day simple moving average of $21.42.
Insider Buying and Selling
In other Warby Parker news, Director Youngme E. Moon sold 33,073 shares of Warby Parker stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $19.90, for a total value of $658,152.70. Following the completion of the transaction, the director now directly 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 SEC, which is available through this link. Corporate insiders own 18.24% of the company's stock.
Hedge Funds Weigh In On Warby Parker
Several institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC purchased a new position in shares of Warby Parker in the 4th quarter valued at about $25,000. New York State Teachers Retirement System purchased a new position in shares of Warby Parker in the 1st quarter valued at about $27,000. NewEdge Advisors LLC boosted its stake in shares of Warby Parker by 700.0% in the 4th quarter. NewEdge Advisors LLC now owns 1,200 shares of the company's stock valued at $29,000 after buying an additional 1,050 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Warby Parker by 205.6% in the 4th 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. Finally, Comerica Bank boosted its stake in shares of Warby Parker by 153.1% in the 4th 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. 93.24% of the stock is owned by institutional investors and hedge funds.
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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