Piper Sandler Issues Positive Forecast for Warby Parker (NYSE:WRBY) Stock Price

Warby Parker (NYSE:WRBY) had its price objective lifted by Piper Sandler from $18.00 to $22.00 in a research report sent to investors on Friday,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

WRBY has been the subject of a number of other research reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $19.00 target price on shares of Warby Parker in a research report on Thursday, November 7th. Robert W. Baird raised their price objective on Warby Parker from $18.00 to $23.00 and gave the company an “outperform” rating in a report on Friday. BTIG Research upped their target price on Warby Parker from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, November 1st. 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. Finally, The Goldman Sachs Group upgraded Warby Parker from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $15.00 to $18.00 in a research note on Monday, October 21st. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.18.

Warby Parker Stock Up 5.1 %

NYSE:WRBY opened at $20.51 on Friday. The company has a market cap of $2.06 billion, a P/E ratio of -75.96 and a beta of 1.80. Warby Parker has a twelve month low of $9.96 and a twelve month high of $20.84. The business has a 50 day moving average price of $16.03 and a two-hundred day moving average price of $15.64.

Insider Buying and Selling

In other Warby Parker news, CFO Steven Clive Miller sold 6,763 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $13.90, for a total transaction of $94,005.70. Following the completion of the sale, the chief financial officer now owns 177,488 shares of the company’s stock, valued at $2,467,083.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Warby Parker news, CFO Steven Clive Miller sold 6,763 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $13.90, for a total value of $94,005.70. Following the transaction, the chief financial officer now directly owns 177,488 shares of the company’s stock, valued at $2,467,083.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Neil Harris Blumenthal sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $13.89, for a total transaction of $694,500.00. Following the sale, the chief executive officer now owns 12,177 shares of the company’s stock, valued at $169,138.53. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,178 shares of company stock valued at $1,339,901. 26.55% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its stake 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 acquired a new position in shares of Warby Parker during the 2nd quarter worth approximately $131,000. Choreo LLC bought a new position in shares of Warby Parker during the second quarter worth approximately $167,000. AQR Capital Management LLC acquired a new stake in shares of Warby Parker in the second quarter valued at approximately $186,000. Finally, LVW Advisors LLC bought a new stake in shares of Warby Parker in the second quarter valued at approximately $201,000. 93.24% of the stock is owned by institutional investors and hedge funds.

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.