Warby Parker (WRBY) – Analysts’ Weekly Ratings Changes

Several analysts have recently updated their ratings and price targets for Warby Parker (NYSE: WRBY):

• 11/19/2024 – Warby Parker had its price target raised by analysts at Telsey Advisory Group from $22.00 to $26.00. They now have an “outperform” rating on the stock.
• 11/8/2024 – Warby Parker had its price target raised by analysts at Piper Sandler from $18.00 to $22.00. They now have an “overweight” rating on the stock.
• 11/8/2024 – Warby Parker had its price target raised by analysts at Robert W. Baird from $18.00 to $23.00. They now have an “outperform” rating on the stock.
• 11/7/2024 – Warby Parker was upgraded by analysts at William Blair from a “market perform” rating to an “outperform” rating.
• 11/7/2024 – Warby Parker had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $19.00 price target on the stock.
• 11/1/2024 – Warby Parker had its price target raised by analysts at BTIG Research from $18.00 to $20.00. They now have a “buy” rating on the stock.
• 10/31/2024 – Warby Parker had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $19.00 price target on the stock.
• 10/21/2024 – Warby Parker was upgraded by analysts at The Goldman Sachs Group, Inc. from a “neutral” rating to a “buy” rating. They now have a $18.00 price target on the stock, up previously from $15.00.
• 10/21/2024 – Warby Parker was upgraded by analysts at Deutsche Bank Aktiengesellschaft from a “neutral” rating to a “buy” rating. They now have a $18.00 price target on the stock, up previously from $15.00.

Warby Parker Stock Performance

Shares of WRBY traded down $1.25 during midday trading on Thursday, hitting $22.90. The company had a trading volume of 1,648,354 shares, compared to its average volume of 1,817,494. The company’s 50-day simple moving average is $18.07 and its 200-day simple moving average is $16.44. The firm has a market capitalization of $2.33 billion, a P/E ratio of -84.81 and a beta of 1.80. Warby Parker Inc. has a 1 year low of $10.28 and a 1 year high of $24.60.

Insider Activity

In related news, CEO Neil Harris Blumenthal sold 27,143 shares of the business’s 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 $352,859.00. Following the completion of the sale, the chief executive officer now owns 12,177 shares in the company, valued at $158,301. The trade was a 69.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven Clive Miller sold 6,763 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $13.90, for a total value of $94,005.70. Following the sale, the chief financial officer now owns 177,488 shares of the company’s stock, valued at approximately $2,467,083.20. The trade was a 3.67 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 99,178 shares of company stock worth $1,339,901. 26.55% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Warby Parker

Institutional investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. lifted its stake in Warby Parker by 79.9% during 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 last quarter. First Eagle Investment Management LLC purchased a new stake in Warby Parker in the second quarter valued at approximately $131,000. Choreo LLC purchased a new stake in Warby Parker in the second quarter valued at approximately $167,000. AQR Capital Management LLC purchased a new stake in Warby Parker in the second quarter valued at approximately $186,000. Finally, LVW Advisors LLC purchased a new stake in Warby Parker in the second quarter valued at approximately $201,000. Hedge funds and other institutional investors own 93.24% of the company’s stock.

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.