55,000 Shares in Warby Parker Inc. (NYSE:WRBY) Acquired by Royce & Associates LP

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Royce & Associates LP bought a new position in Warby Parker Inc. (NYSE:WRBYGet Rating) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 55,000 shares of the company’s stock, valued at approximately $1,860,000. Royce & Associates LP owned about 0.06% of Warby Parker as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of WRBY. Delta Asset Management LLC TN purchased a new position in Warby Parker in the fourth quarter valued at approximately $69,000. Evoke Wealth LLC purchased a new position in Warby Parker in the fourth quarter valued at approximately $88,000. Advisor Group Holdings Inc. raised its holdings in Warby Parker by 542.0% in the fourth quarter. Advisor Group Holdings Inc. now owns 2,478 shares of the company’s stock valued at $115,000 after buying an additional 2,092 shares during the period. Blue Owl Capital Holdings LP purchased a new position in Warby Parker in the fourth quarter valued at approximately $165,000. Finally, CIBC Asset Management Inc purchased a new position in Warby Parker in the fourth quarter valued at approximately $216,000. 98.59% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Warby Parker

In related news, CFO Steven Clive Miller sold 5,084 shares of the business’s stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $14.64, for a total value of $74,429.76. Following the completion of the sale, the chief financial officer now owns 165,422 shares of the company’s stock, valued at approximately $2,421,778.08. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CFO Steven Clive Miller sold 5,084 shares of the business’s stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $14.64, for a total value of $74,429.76. Following the completion of the sale, the chief financial officer now directly owns 165,422 shares in the company, valued at approximately $2,421,778.08. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO David Abraham Gilboa sold 5,224 shares of the company’s stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $14.64, for a total value of $76,479.36. Following the transaction, the chief executive officer now owns 235 shares of the company’s stock, valued at $3,440.40. The disclosure for this sale can be found here. Insiders have sold a total of 17,361 shares of company stock valued at $245,560 in the last 90 days. 25.36% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on WRBY shares. Cowen cut their price target on shares of Warby Parker to $23.00 and set a “na” rating on the stock in a report on Tuesday, May 17th. Robert W. Baird dropped their price objective on shares of Warby Parker from $40.00 to $30.00 and set a “na” rating on the stock in a research note on Tuesday, May 17th. The Goldman Sachs Group dropped their price objective on shares of Warby Parker from $16.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, July 21st. Piper Sandler assumed coverage on shares of Warby Parker in a research note on Friday, July 22nd. They set an “overweight” rating and a $20.00 price objective on the stock. Finally, Telsey Advisory Group dropped their price objective on shares of Warby Parker to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 17th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Warby Parker presently has a consensus rating of “Hold” and an average target price of $27.18.

Warby Parker Trading Down 1.4 %

Shares of Warby Parker stock opened at $12.43 on Friday. The company’s 50-day moving average price is $13.20 and its two-hundred day moving average price is $22.58. Warby Parker Inc. has a 52 week low of $10.86 and a 52 week high of $60.30.

Warby Parker (NYSE:WRBYGet Rating) last posted its quarterly earnings data on Monday, May 16th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.29). The business had revenue of $153.20 million during the quarter, compared to analysts’ expectations of $154.08 million. The business’s quarterly revenue was up 10.2% on a year-over-year basis. As a group, analysts expect that Warby Parker Inc. will post -0.7 earnings per share for the current fiscal year.

Warby Parker Profile

(Get Rating)

Warby Parker Inc provides eyewear products. It offers eyeglasses, sunglasses, light-responsive lenses, blue-light-filtering lenses, and contact lenses, as well as accessories, including cases, lenses kit with anti-fog spray, pouches, and anti-fog lens spray. The company also offers eye exams and vision tests directly to consumers through its retail stores, website, and mobile apps.

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Institutional Ownership by Quarter for Warby Parker (NYSE:WRBY)

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