Analysts Set Warby Parker Inc. (NYSE:WRBY) Price Target at $23.43

Shares of Warby Parker Inc. (NYSE:WRBY) have earned an average recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $23.43.

A number of analysts have recently commented on WRBY shares. Roth Mkm initiated coverage on shares of Warby Parker in a report on Tuesday, February 25th. They set a “neutral” rating and a $26.00 target price on the stock. Telsey Advisory Group reissued an “outperform” rating and set a $28.00 price objective on shares of Warby Parker in a research note on Thursday, February 27th. Stifel Nicolaus upped their price objective on shares of Warby Parker from $17.00 to $20.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. The Goldman Sachs Group lifted their target price on shares of Warby Parker from $20.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, JMP Securities upped their price target on Warby Parker from $23.00 to $28.00 and gave the stock a “market outperform” rating in a research note on Monday, December 16th.

Warby Parker Stock Down 1.9 %

NYSE WRBY opened at $18.64 on Friday. The firm has a market capitalization of $1.93 billion, a PE ratio of -69.03 and a beta of 1.91. The stock’s 50 day moving average is $23.60 and its 200 day moving average is $21.59. Warby Parker has a twelve month low of $11.66 and a twelve month high of $28.68.

Insider Buying and Selling

In other Warby Parker news, CEO Neil Harris Blumenthal sold 300,000 shares of Warby Parker stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $25.14, for a total value of $7,542,000.00. Following the completion of the sale, the chief executive officer now owns 12,177 shares of the company’s stock, valued at approximately $306,129.78. The trade was a 96.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Steven Clive Miller sold 11,684 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $23.52, for a total transaction of $274,807.68. Following the sale, the chief financial officer now owns 204,727 shares of the company’s stock, valued at approximately $4,815,179.04. This represents a 5.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 389,651 shares of company stock worth $9,855,092. 26.55% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC bought a new position in shares of Warby Parker in the 4th quarter worth approximately $25,000. NewEdge Advisors LLC raised its position in Warby Parker by 700.0% in the fourth quarter. NewEdge Advisors LLC now owns 1,200 shares of the company’s stock worth $29,000 after acquiring an additional 1,050 shares during the period. Jones Financial Companies Lllp raised its position in Warby Parker by 205.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company’s stock worth $37,000 after acquiring an additional 1,028 shares during the period. Comerica Bank boosted its stake in shares of Warby Parker by 153.1% during the 4th quarter. Comerica Bank now owns 2,291 shares of the company’s stock worth $55,000 after acquiring an additional 1,386 shares during the last quarter. Finally, Anderson Financial Strategies LLC bought a new stake in shares of Warby Parker during the 4th quarter valued at $69,000. Institutional investors own 93.24% of the company’s stock.

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.