8 hours Ago By ABMN Staff
Warby Parker ( NYSE:WRBY – Get Free Report ) ‘s stock had its “outperform” rating reaffirmed by investment analysts at Telsey Advisory Group in a report released on Thursday, Benzinga reports. They presently have a $28.00 price target on the stock.
Telsey Advisory Group’s price target would indicate a potential upside of 16.53% from the stock’s current price. Other equities analysts have also issued research reports about the stock.
Stifel Nicolaus increased their target price on shares of Warby Parker from $17.00 to $20.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th.
The Goldman Sachs Group increased their target price on shares of Warby Parker from $20.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th.
BTIG Research increased their target price on shares of Warby Parker from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, November 1st.
Evercore ISI reiterated an “in-line” rating and issued a $23.00 target price on shares of Warby Parker in a research report on Friday, January 17th. Finally, JMP Securities increased their target price on shares of Warby Parker from $23.
00 to $28.00 and gave the company a “market outperform” rating in a research report on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the stock.
According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.92. Read Our Latest Stock Analysis on Warby Parker Warby Parker Stock Down 5.
0 % Insider Buying and Selling at Warby Parker In related news, CFO Steven Clive Miller sold 7,016 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $23.85, for a total transaction of $167,331.
60. Following the transaction, the chief financial officer now owns 182,130 shares of the company’s stock, valued at approximately $4,343,800.50.
This trade represents a 3.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website .
Also, CEO Neil Harris Blumenthal sold 300,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $25.14, for a total transaction of $7,542,000.
00. Following the transaction, the chief executive officer now directly owns 12,177 shares in the company, valued at approximately $306,129.78.
The trade was a 96.10 % decrease in their position. The disclosure for this sale can be found here .
Over the last ninety days, insiders sold 608,032 shares of company stock valued at $15,188,364. 26.55% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Warby Parker Several hedge funds and other institutional investors have recently added to or reduced their stakes in WRBY. American Century Companies Inc. raised its position in Warby Parker by 64.
7% during the fourth quarter. American Century Companies Inc. now owns 2,144,422 shares of the company’s stock valued at $51,916,000 after acquiring an additional 842,558 shares in the last quarter.
Durable Capital Partners LP grew its holdings in Warby Parker by 10.3% during the fourth quarter. Durable Capital Partners LP now owns 9,017,825 shares of the company’s stock valued at $218,322,000 after purchasing an additional 840,797 shares during the last quarter.
Great Lakes Advisors LLC acquired a new position in Warby Parker during the fourth quarter valued at approximately $14,596,000. Verition Fund Management LLC acquired a new position in Warby Parker during the third quarter valued at approximately $7,462,000. Finally, Symmetry Investments LP acquired a new position in Warby Parker during the fourth quarter valued at approximately $8,581,000.
Institutional investors own 93.24% of the company’s stock. Warby Parker Company Profile ( Get Free Report ) 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. Featured Articles Receive News & Ratings for Warby Parker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Warby Parker and related companies with MarketBeat.
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