Warby Parker Inc. (NYSE:WRBY) Director Bradley E. Singer Acquires 50,000 Shares

Warby Parker Inc. (NYSE:WRBY) Director Bradley E. Singer bought 50,000 shares of the stock in a transaction on Tuesday, August 13th. The shares were acquired at an average cost of $13.00 per share, for a total transaction of $650,000.00. Following the purchase, the director now owns 100,000 shares in the company, valued at $1,300,000. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Warby Parker Price Performance

Shares of WRBY stock traded down $0.21 on Wednesday, hitting $12.79. The company’s stock had a trading volume of 1,545,460 shares, compared to its average volume of 1,308,548. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of -27.11 and a beta of 1.82. Warby Parker Inc. has a fifty-two week low of $9.83 and a fifty-two week high of $17.95. The firm’s fifty day moving average price is $15.78 and its 200-day moving average price is $14.47.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WRBY. Morgan Stanley raised their price target on shares of Warby Parker from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. UBS Group lifted their target price on shares of Warby Parker from $13.00 to $15.00 and gave the company a “neutral” rating in a research note on Friday, May 10th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $19.00 price target on shares of Warby Parker in a research note on Thursday, August 8th. Stifel Nicolaus increased their price objective on Warby Parker from $14.00 to $15.00 and gave the stock a “hold” rating in a report on Friday, August 9th. Finally, Loop Capital boosted their target price on Warby Parker from $15.00 to $16.00 and gave the company a “hold” rating in a research note on Wednesday, July 10th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $16.57.

Institutional Trading of Warby Parker

Several large investors have recently made changes to their positions in WRBY. TimesSquare Capital Management LLC acquired a new stake in shares of Warby Parker in the fourth quarter worth $9,542,000. Janney Montgomery Scott LLC raised its holdings in Warby Parker by 302.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 48,245 shares of the company’s stock worth $657,000 after acquiring an additional 36,245 shares during the period. Vanguard Group Inc. lifted its position in Warby Parker by 7.7% during the 4th quarter. Vanguard Group Inc. now owns 8,457,986 shares of the company’s stock worth $119,258,000 after acquiring an additional 607,352 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Warby Parker by 37.1% during the first quarter. Russell Investments Group Ltd. now owns 225,338 shares of the company’s stock valued at $3,067,000 after acquiring an additional 61,004 shares during the period. Finally, AIA Group Ltd grew its position in shares of Warby Parker by 49.8% in the fourth quarter. AIA Group Ltd now owns 164,861 shares of the company’s stock valued at $2,325,000 after purchasing an additional 54,839 shares during the last quarter. Institutional investors own 93.24% of the company’s stock.

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.