NBC Securities Inc. Sells 1,005 Shares of Warby Parker Inc. (NYSE:WRBY)

NBC Securities Inc. lessened its position in Warby Parker Inc. (NYSE:WRBY) by 2.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,740 shares of the company’s stock after selling 1,005 shares during the period. NBC Securities Inc.’s holdings in Warby Parker were worth $550,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Warby Parker by 2.6% in the first quarter. Vanguard Group Inc. now owns 8,677,106 shares of the company’s stock worth $118,095,000 after purchasing an additional 219,120 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of Warby Parker by 113.3% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,477,410 shares of the company’s stock worth $39,787,000 after buying an additional 1,315,672 shares during the last quarter. TimesSquare Capital Management LLC grew its position in shares of Warby Parker by 149.4% in 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 stake in shares of Warby Parker by 44.3% during the second quarter. Renaissance Technologies LLC now owns 1,568,600 shares of the company’s stock valued at $25,192,000 after buying an additional 481,900 shares during the period. Finally, Marshall Wace LLP raised 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 in the last quarter. Hedge funds and other institutional investors own 93.24% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Steven Clive Miller sold 15,272 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $13.00, for a total transaction of $198,536.00. Following the completion of the sale, the chief financial officer now owns 184,251 shares of the company’s stock, valued at $2,395,263. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Bradley E. Singer purchased 50,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were purchased at an average price of $13.00 per share, with a total value of $650,000.00. Following the acquisition, the director now directly owns 100,000 shares in the company, valued at $1,300,000. The trade was a 100.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steven Clive Miller sold 15,272 shares of Warby Parker stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $13.00, for a total transaction of $198,536.00. Following the completion of the sale, the chief financial officer now owns 184,251 shares of the company’s stock, valued at $2,395,263. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 99,178 shares of company stock valued at $1,339,901. Insiders own 26.55% of the company’s stock.

Warby Parker Stock Up 0.6 %

Shares of WRBY opened at $16.15 on Friday. The stock has a market cap of $1.63 billion, a P/E ratio of -41.41 and a beta of 1.82. The business’s 50 day moving average price is $14.80 and its 200-day moving average price is $15.03. Warby Parker Inc. has a 52 week low of $9.83 and a 52 week high of $17.95.

Warby Parker (NYSE:WRBY) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.01. The firm had revenue of $188.22 million during the quarter, compared to the consensus estimate of $186.89 million. Warby Parker had a negative return on equity of 11.09% and a negative net margin of 6.38%. On average, equities analysts anticipate that Warby Parker Inc. will post -0.04 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on WRBY shares. Piper Sandler initiated coverage on shares of Warby Parker in a research report on Friday, August 23rd. They set an “overweight” rating and a $18.00 price objective on the stock. Stifel Nicolaus boosted their price target 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. Loop Capital raised their price objective on shares of Warby Parker from $15.00 to $16.00 and gave the stock a “hold” rating in a report on Wednesday, July 10th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $19.00 price objective on shares of Warby Parker in a research report on Thursday, August 8th. Finally, JMP Securities raised Warby Parker from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a research report on Friday, August 23rd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Warby Parker currently has a consensus rating of “Hold” and an average target price of $16.71.

Warby Parker 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.