Warby Parker Inc. (NYSE:WRBY – Get Free Report) CEO Neil Harris Blumenthal sold 50,000 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $13.89, for a total value of $694,500.00. Following the transaction, the chief executive officer now owns 12,177 shares of the company’s stock, valued at $169,138.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Neil Harris Blumenthal also recently made the following trade(s):
- On Friday, September 6th, Neil Harris Blumenthal sold 27,143 shares of Warby Parker stock. The shares were sold at an average price of $13.00, for a total transaction of $352,859.00.
Warby Parker Stock Performance
Shares of NYSE:WRBY opened at $13.88 on Wednesday. The stock’s 50-day simple moving average is $15.06 and its two-hundred day simple moving average is $14.53. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of -29.53 and a beta of 1.81. Warby Parker Inc. has a 52-week low of $9.83 and a 52-week high of $17.95.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the stock. Piper Sandler initiated coverage on shares of Warby Parker in a report on Friday, August 23rd. They set an “overweight” rating and a $18.00 price target on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $19.00 target price on shares of Warby Parker in a research note on Thursday, August 8th. JMP Securities upgraded Warby Parker from a “market perform” rating to an “outperform” rating and set a $20.00 price target for the company in a research note on Friday, August 23rd. Loop Capital increased their price objective on Warby Parker from $15.00 to $16.00 and gave the company a “hold” rating in a research report on Wednesday, July 10th. Finally, Stifel Nicolaus boosted their target price on Warby Parker from $14.00 to $15.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Warby Parker has a consensus rating of “Moderate Buy” and a consensus target price of $17.11.
Get Our Latest Report on Warby Parker
Institutional Investors Weigh In On Warby Parker
A number of institutional investors have recently bought and sold shares of the business. Advisors Asset Management Inc. lifted its position in shares of Warby Parker by 79.9% in the first quarter. Advisors Asset Management Inc. now owns 5,125 shares of the company’s stock valued at $70,000 after acquiring an additional 2,276 shares in the last quarter. First Eagle Investment Management LLC purchased a new position in Warby Parker in the 2nd quarter worth approximately $131,000. Choreo LLC bought a new position in Warby Parker in the 2nd quarter worth approximately $167,000. Sciencast Management LP bought a new position in Warby Parker in the 1st quarter worth approximately $145,000. Finally, Victory Capital Management Inc. purchased a new stake in Warby Parker during the 4th quarter valued at approximately $160,000. Hedge funds and other institutional investors own 93.24% of the company’s stock.
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.
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