Warby Parker (NYSE:WRBY) Reaches New 52-Week High at $16.53

Warby Parker Inc. (NYSE:WRBYGet Free Report)’s share price reached a new 52-week high on Friday . The company traded as high as $16.53 and last traded at $16.45, with a volume of 586602 shares changing hands. The stock had previously closed at $16.14.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WRBY. UBS Group raised their price target on shares of Warby Parker from $13.00 to $15.00 and gave the company a “neutral” rating in a research report on Friday, May 10th. Telsey Advisory Group restated an “outperform” rating and set a $19.00 price objective on shares of Warby Parker in a research note on Thursday, May 9th. Finally, Morgan Stanley increased their price objective on shares of Warby Parker from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Friday, May 10th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $16.50.

Read Our Latest Stock Analysis on Warby Parker

Warby Parker Price Performance

The firm’s 50-day simple moving average is $13.08 and its 200 day simple moving average is $12.87.

Warby Parker (NYSE:WRBYGet Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.04). Warby Parker had a negative return on equity of 13.19% and a negative net margin of 7.89%. The company had revenue of $161.86 million during the quarter, compared to the consensus estimate of $161.01 million. On average, equities analysts forecast that Warby Parker Inc. will post -0.13 EPS for the current year.

Insider Buying and Selling

In other news, CFO Steven Clive Miller sold 8,708 shares of Warby Parker stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $11.88, for a total value of $103,451.04. Following the completion of the transaction, the chief financial officer now owns 191,104 shares in the company, valued at $2,270,315.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Steven Clive Miller sold 8,708 shares of Warby Parker stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $11.88, for a total value of $103,451.04. Following the completion of the transaction, the chief financial officer now owns 191,104 shares in the company, valued at $2,270,315.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David Abraham Gilboa sold 52,065 shares of Warby Parker stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $12.20, for a total transaction of $635,193.00. Following the completion of the transaction, the chief executive officer now owns 12,306 shares of the company’s stock, valued at approximately $150,133.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 89,084 shares of company stock valued at $1,074,979. 26.91% of the stock is owned by insiders.

Hedge Funds Weigh In On Warby Parker

A number of large investors have recently modified their holdings of WRBY. Strs Ohio bought a new position in shares of Warby Parker in the fourth quarter valued at approximately $40,000. Cary Street Partners Investment Advisory LLC lifted its position in Warby Parker by 137,633.3% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 4,132 shares of the company’s stock valued at $54,000 after purchasing an additional 4,129 shares during the last quarter. Advisors Asset Management Inc. lifted its position in Warby Parker by 79.9% during the first quarter. Advisors Asset Management Inc. now owns 5,125 shares of the company’s stock valued at $70,000 after purchasing an additional 2,276 shares during the last quarter. Levin Capital Strategies L.P. bought a new stake in Warby Parker during the fourth quarter valued at approximately $141,000. Finally, Sciencast Management LP bought a new stake in Warby Parker during the first quarter valued at approximately $145,000. 93.24% of the stock is currently owned by institutional investors.

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.

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