Neil Harris Blumenthal Sells 27,143 Shares of Warby Parker Inc. (NYSE:WRBY) Stock

Warby Parker Inc. (NYSE:WRBY) CEO Neil Harris Blumenthal sold 27,143 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $13.00, for a total value of $352,859.00. Following the completion of the transaction, the chief executive officer now owns 12,177 shares of the company’s stock, valued at $158,301. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Neil Harris Blumenthal also recently made the following trade(s):

• On Monday, September 9th, Neil Harris Blumenthal sold 50,000 shares of Warby Parker stock. The shares were sold at an average price of $13.89, for a total value of $694,500.00.

Warby Parker Price Performance

Shares of NYSE:WRBY traded down $0.03 during mid-day trading on Tuesday, hitting $13.88. The company had a trading volume of 1,567,944 shares, compared to its average volume of 1,391,726. Warby Parker Inc. has a one year low of $9.83 and a one year high of $17.95. The firm has a fifty day moving average price of $15.06 and a 200 day moving average price of $14.53. The company has a market capitalization of $1.40 billion, a PE ratio of -29.53 and a beta of 1.81.

Warby Parker (NYSE:WRBY) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.01. Warby Parker had a negative return on equity of 11.09% and a negative net margin of 6.38%. The firm had revenue of $188.22 million during the quarter, compared to the consensus estimate of $186.89 million. Research analysts expect that Warby Parker Inc. will post -0.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Advisors Asset Management Inc. increased its position in shares of Warby Parker by 79.9% during the first quarter. Advisors Asset Management Inc. now owns 5,125 shares of the company’s stock worth $70,000 after acquiring an additional 2,276 shares in the last quarter. First Eagle Investment Management LLC acquired a new position in Warby Parker during the 2nd quarter valued at about $131,000. Sciencast Management LP bought a new stake in Warby Parker during the 1st quarter worth approximately $145,000. Principal Financial Group Inc. purchased a new stake in shares of Warby Parker in the first quarter worth approximately $158,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of Warby Parker in the fourth quarter worth approximately $160,000. 93.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Stifel Nicolaus upped their price target on Warby Parker from $14.00 to $15.00 and gave the company a “hold” rating in a research report on Friday, August 9th. Piper Sandler assumed coverage on Warby Parker in a report on Friday, August 23rd. They issued an “overweight” rating and a $18.00 target price on the stock. Loop Capital raised their price target on shares of Warby Parker from $15.00 to $16.00 and gave the stock a “hold” rating in a report on Wednesday, July 10th. JMP Securities upgraded shares of Warby Parker from a “market perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a research report on Friday, August 23rd. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $19.00 price objective on shares of Warby Parker in a research report on Thursday, August 8th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.11.

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.