68,097 Shares in Warby Parker Inc. (NYSE:WRBY) Acquired by Prentiss Smith & Co. Inc.

Prentiss Smith & Co. Inc. bought a new position in shares of Warby Parker Inc. (NYSE:WRBY) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 68,097 shares of the company’s stock, valued at approximately $1,112,000.

Several other institutional investors also recently modified their holdings of the stock. Jacobson & Schmitt Advisors LLC increased its holdings in shares of Warby Parker by 0.3% in the first quarter. Jacobson & Schmitt Advisors LLC now owns 408,105 shares of the company’s stock valued at $5,554,000 after buying an additional 1,397 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of Warby Parker by 10.2% in the first quarter. ProShare Advisors LLC now owns 15,470 shares of the company’s stock valued at $211,000 after buying an additional 1,434 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Warby Parker by 79.9% in the first quarter. Advisors Asset Management Inc. now owns 5,125 shares of the company’s stock valued at $70,000 after buying an additional 2,276 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Warby Parker by 11.5% in the second quarter. Hsbc Holdings PLC now owns 25,696 shares of the company’s stock valued at $413,000 after buying an additional 2,651 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Warby Parker by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 44,667 shares of the company’s stock valued at $717,000 after buying an additional 3,007 shares in the last quarter. Institutional investors own 93.24% of the company’s stock.

Insiders Place Their Bets

In other 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 completion of the sale, the chief financial officer now directly owns 177,488 shares in the company, valued at approximately $2,467,083.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Warby Parker news, CEO Neil Harris Blumenthal sold 27,143 shares of the stock in a transaction dated 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 directly owns 12,177 shares in the company, valued at approximately $158,301. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Steven Clive Miller sold 6,763 shares of Warby Parker 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 completion of 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 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 99,178 shares of company stock worth $1,339,901 in the last quarter. 26.55% of the stock is currently owned by corporate insiders.

Warby Parker Stock Up 4.7 %

Shares of NYSE:WRBY traded up $0.78 during midday trading on Monday, reaching $17.33. 882,433 shares of the company were exchanged, compared to its average volume of 1,390,198. Warby Parker Inc. has a fifty-two week low of $9.83 and a fifty-two week high of $17.95. The stock has a fifty day simple moving average of $14.87 and a two-hundred day simple moving average of $15.07. The firm has a market cap of $1.74 billion, a PE ratio of -43.62 and a beta of 1.82.

Warby Parker (NYSE:WRBY) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.03) EPS 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 business had revenue of $188.22 million for the quarter, compared to analyst estimates of $186.89 million. As a group, analysts forecast that Warby Parker Inc. will post -0.04 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. JMP Securities raised Warby Parker from a “market perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a report on Friday, August 23rd. Loop Capital upped their price target on Warby Parker from $15.00 to $16.00 and gave the company a “hold” rating in a report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft raised shares of Warby Parker from a “neutral” rating to a “buy” rating and boosted their target price for the company from $15.00 to $18.00 in a research note on Monday. Piper Sandler began coverage on shares of Warby Parker in a research note on Friday, August 23rd. They set an “overweight” rating and a $18.00 target price on the stock. Finally, The Goldman Sachs Group raised shares of Warby Parker from a “neutral” rating to a “buy” rating and boosted their target price for the company from $15.00 to $18.00 in a research note on Monday. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Warby Parker presently has an average rating of “Moderate Buy” and an average price target of $17.00.

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.