Warby Parker Inc. (NYSE:WRBY) CEO Sells $694,500.00 in Stock

Warby Parker Inc. (NYSE:WRBY) CEO Neil Harris Blumenthal sold 50,000 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 12,177 shares in the company, valued at approximately $169,138.53. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 stock was sold at an average price of $13.00, for a total value of $352,859.00.

Warby Parker Trading Up 2.3 %

Shares of WRBY opened at $14.37 on Friday. The company’s fifty day simple moving average is $14.98 and its 200-day simple moving average is $14.53. The company has a market cap of $1.42 billion, a P/E ratio of -30.56 and a beta of 1.81. Warby Parker Inc. has a twelve month low of $9.83 and a twelve month high of $17.95.

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

Analyst Upgrades and Downgrades

WRBY has been the subject of several research analyst reports. Telsey Advisory Group restated an “outperform” rating and set a $19.00 price target on shares of Warby Parker in a report on Thursday, August 8th. JMP Securities raised shares of Warby Parker from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a report on Friday, August 23rd. Loop Capital upped their price target on shares of Warby Parker from $15.00 to $16.00 and gave the company a “hold” rating in a research note on Wednesday, July 10th. Piper Sandler started coverage on shares of Warby Parker in a research note on Friday, August 23rd. They issued an “overweight” rating and a $18.00 price objective for the company. Finally, Stifel Nicolaus upped their target price on shares of Warby Parker from $14.00 to $15.00 and gave the company a “hold” rating in a research report on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.11.

Institutional Investors Weigh In On Warby Parker

A number of institutional investors and hedge funds have recently modified their holdings of the business. Advisors Asset Management Inc. increased its stake in Warby Parker by 79.9% in the first quarter. Advisors Asset Management Inc. now owns 5,125 shares of the company’s stock worth $70,000 after purchasing an additional 2,276 shares during the period. First Eagle Investment Management LLC purchased a new position in Warby Parker in the 2nd quarter worth about $131,000. Choreo LLC purchased a new position in Warby Parker in the 2nd quarter worth about $167,000. Sciencast Management LP bought a new stake in Warby Parker during the 1st quarter valued at about $145,000. Finally, Victory Capital Management Inc. purchased a new stake in Warby Parker in the 4th quarter valued at about $160,000. 93.24% of the stock is owned by institutional investors.

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.