Warby Parker Inc. (NYSE:WRBY) Stock Holdings Lifted by Squarepoint Ops LLC

Squarepoint Ops LLC lifted its holdings in shares of Warby Parker Inc. (NYSE:WRBY) by 2.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 199,180 shares of the company’s stock after buying an additional 4,757 shares during the period. Squarepoint Ops LLC’s holdings in Warby Parker were worth $3,199,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Warby Parker by 2.6% in the first quarter. Vanguard Group Inc. now owns 8,677,106 shares of the company’s stock valued at $118,095,000 after acquiring an additional 219,120 shares during the period. Vaughan Nelson Investment Management L.P. boosted its position in Warby Parker by 113.3% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,477,410 shares of the company’s stock valued at $39,787,000 after purchasing an additional 1,315,672 shares during the period. TimesSquare Capital Management LLC grew its stake in Warby Parker by 149.4% during the 1st quarter. TimesSquare Capital Management LLC now owns 1,687,750 shares of the company’s stock worth $22,970,000 after buying an additional 1,011,030 shares during the last quarter. Renaissance Technologies LLC increased its position in Warby Parker by 44.3% in the second quarter. Renaissance Technologies LLC now owns 1,568,600 shares of the company’s stock worth $25,192,000 after buying an additional 481,900 shares during the period. Finally, Marshall Wace LLP boosted its holdings in shares of Warby Parker by 1,013.4% during the second quarter. Marshall Wace LLP now owns 1,422,940 shares of the company’s stock valued at $22,852,000 after acquiring an additional 1,295,136 shares during the period. Institutional investors and hedge funds own 93.24% of the company’s stock.

Warby Parker Stock Performance

Shares of WRBY stock opened at $15.59 on Wednesday. Warby Parker Inc. has a 1 year low of $9.83 and a 1 year high of $17.95. The business’s fifty day moving average is $14.74 and its 200-day moving average is $14.80. The stock has a market cap of $1.57 billion, a PE ratio of -33.17 and a beta of 1.80.

Warby Parker (NYSE:WRBY) last released its earnings results on Thursday, August 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $186.89 million. Equities research analysts predict that Warby Parker Inc. will post -0.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Warby Parker news, CFO Steven Clive Miller sold 6,763 shares of Warby Parker stock in a transaction that occurred on 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 owns 177,488 shares in the company, valued at $2,467,083.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Warby Parker news, CEO Neil Harris Blumenthal sold 50,000 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $169,138.53. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Steven Clive Miller sold 6,763 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now owns 177,488 shares of the company’s stock, valued at $2,467,083.20. The disclosure for this sale can be found here. Insiders have sold 99,178 shares of company stock worth $1,339,901 in the last ninety days. 26.55% of the stock is currently owned by corporate insiders.

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.