Janney Montgomery Scott LLC Purchases 1,556 Shares of Warby Parker Inc. (NYSE:WRBY)

Janney Montgomery Scott LLC increased its position in shares of Warby Parker Inc. (NYSE:WRBY) by 3.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 47,908 shares of the company’s stock after acquiring an additional 1,556 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Warby Parker were worth $782,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Warby Parker in the first quarter worth about $176,000. Russell Investments Group Ltd. lifted its holdings in shares of Warby Parker by 37.1% in the first quarter. Russell Investments Group Ltd. now owns 225,338 shares of the company’s stock worth $3,067,000 after acquiring an additional 61,004 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Warby Parker by 10.2% in the first quarter. ProShare Advisors LLC now owns 15,470 shares of the company’s stock worth $211,000 after acquiring an additional 1,434 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Warby Parker by 2.6% in the first quarter. Vanguard Group Inc. now owns 8,677,106 shares of the company’s stock valued at $118,095,000 after buying an additional 219,120 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in shares of Warby Parker by 79.9% in the first quarter. Advisors Asset Management Inc. now owns 5,125 shares of the company’s stock valued at $70,000 after buying an additional 2,276 shares during the period. Institutional investors own 93.24% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Neil Harris Blumenthal sold 50,000 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $13.89, for a total value of $694,500.00. Following the transaction, the chief executive officer now directly owns 12,177 shares in the company, valued at $169,138.53. This trade represents a 80.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Steven Clive Miller sold 6,763 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $13.90, for a total value of $94,005.70. Following the completion of the transaction, the chief financial officer now owns 177,488 shares in the company, valued at approximately $2,467,083.20. This represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,178 shares of company stock worth $1,339,901. Corporate insiders own 26.55% of the company’s stock.

Warby Parker Stock Performance

Warby Parker stock opened at $21.45 on Monday. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of -79.44 and a beta of 1.80. Warby Parker Inc. has a 52-week low of $10.28 and a 52-week high of $21.77. The stock’s 50 day moving average price is $16.64 and its two-hundred day moving average price is $15.89.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. William Blair raised Warby Parker from a “market perform” rating to an “outperform” rating in a research note on Thursday, November 7th. JMP Securities raised Warby Parker from a “market perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a research note on Friday, August 23rd. Deutsche Bank Aktiengesellschaft raised Warby Parker from a “neutral” rating to a “buy” rating and upped their price objective for the company from $15.00 to $18.00 in a research note on Monday, October 21st. Stifel Nicolaus upped their price objective on Warby Parker from $14.00 to $15.00 and gave the company a “hold” rating in a research note on Friday, August 9th. Finally, BTIG Research upped their price objective on Warby Parker from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Warby Parker currently has an average rating of “Moderate Buy” and an average price target of $18.18.

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.