Shares of Warby Parker Inc. (NYSE:WRBY – Get Free Report) have been given a consensus rating of “Moderate Buy” by the twelve ratings firms that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $20.73.
A number of analysts have issued reports on the company. Stifel Nicolaus lifted their price target on Warby Parker from $17.00 to $20.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. BTIG Research upped their price target on Warby Parker from $18.00 to $20.00 and gave the company a “buy” rating in a report on Friday, November 1st. The Goldman Sachs Group increased their price target on shares of Warby Parker from $20.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. JMP Securities upped their target price on shares of Warby Parker from $23.00 to $28.00 and gave the company a “market outperform” rating in a report on Monday, December 16th. Finally, Robert W. Baird lifted 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.
Read Our Latest Report on Warby Parker
Insiders Place Their Bets
Institutional Investors Weigh In On Warby Parker
Institutional investors have recently made changes to their positions in the stock. First Eagle Investment Management LLC acquired a new stake in shares of Warby Parker in the second quarter valued at about $131,000. Choreo LLC acquired a new stake in shares of Warby Parker during the 2nd quarter valued at approximately $167,000. AQR Capital Management LLC purchased a new stake in shares of Warby Parker during the 2nd quarter worth approximately $186,000. Thrivent Financial for Lutherans purchased a new stake in shares of Warby Parker during the 3rd quarter worth approximately $213,000. Finally, LVW Advisors LLC grew its holdings in shares of Warby Parker by 27.9% in the 3rd quarter. LVW Advisors LLC now owns 16,027 shares of the company’s stock worth $262,000 after acquiring an additional 3,500 shares during the period. 93.24% of the stock is currently owned by hedge funds and other institutional investors.
Warby Parker Trading Up 3.8 %
Shares of WRBY opened at $25.18 on Wednesday. The firm’s fifty day simple moving average is $20.80 and its 200-day simple moving average is $17.25. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of -93.26 and a beta of 1.93. Warby Parker has a twelve month low of $11.35 and a twelve month high of $25.35.
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.
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