Analysts Set Warby Parker Inc. (NYSE:WRBY) PT at $21.77

Warby Parker Inc. (NYSE:WRBY) has earned an average recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $21.77.

WRBY has been the subject of a number of recent analyst reports. Telsey Advisory Group boosted their price objective on Warby Parker from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. BTIG Research boosted their target price on shares of Warby Parker from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Robert W. Baird raised their price target on shares of Warby Parker from $18.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Stifel Nicolaus lifted their price objective on shares of Warby Parker from $17.00 to $20.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Finally, The Goldman Sachs Group upped their target price on shares of Warby Parker from $20.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th.

Insider Buying and Selling

In related news, CEO Neil Harris Blumenthal sold 300,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $25.14, for a total value of $7,542,000.00. Following the completion of the transaction, the chief executive officer now directly owns 12,177 shares of the company’s stock, valued at $306,129.78. This trade represents a 96.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Steven Clive Miller sold 7,016 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $23.85, for a total transaction of $167,331.60. Following the sale, the chief financial officer now directly owns 182,130 shares in the company, valued at approximately $4,343,800.50. This represents a 3.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 608,032 shares of company stock worth $15,188,364 in the last three months. 26.55% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in WRBY. Global Retirement Partners LLC purchased a new stake in shares of Warby Parker during the fourth quarter valued at $25,000. Jones Financial Companies Lllp lifted its position in Warby Parker by 205.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company’s stock worth $37,000 after acquiring an additional 1,028 shares during the period. KBC Group NV grew its stake in Warby Parker by 39.3% during the 4th quarter. KBC Group NV now owns 4,743 shares of the company’s stock valued at $115,000 after purchasing an additional 1,339 shares during the last quarter. Cibc World Markets Corp acquired a new position in shares of Warby Parker in the fourth quarter valued at about $201,000. Finally, BBR Partners LLC purchased a new position in shares of Warby Parker in the fourth quarter worth about $239,000. Hedge funds and other institutional investors own 93.24% of the company’s stock.

Warby Parker Stock Up 1.4 %

WRBY opened at $26.17 on Thursday. The stock’s 50 day moving average price is $25.41 and its 200-day moving average price is $19.84. Warby Parker has a one year low of $11.35 and a one year high of $28.68.

About Warby Parker

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.