Warby Parker (NYSE:WRBY) Given New $26.00 Price Target at Telsey Advisory Group

Warby Parker (NYSE:WRBY) had its price target raised by Telsey Advisory Group from $22.00 to $26.00 in a research note released on Tuesday, MarketBeat reports. They currently have an outperform rating on the stock.

Other equities research analysts have also issued reports about the stock. Robert W. Baird boosted their target price on shares of Warby Parker from $18.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Stifel Nicolaus boosted their target price on shares of Warby Parker from $14.00 to $15.00 and gave the stock a “hold” rating in a report on Friday, August 9th. Deutsche Bank Aktiengesellschaft raised shares of Warby Parker from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $15.00 to $18.00 in a report on Monday, October 21st. William Blair raised shares of Warby Parker from a “market perform” rating to an “outperform” rating in a report on Thursday, November 7th. Finally, BTIG Research boosted their target price on shares of Warby Parker from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $18.82.

Warby Parker Trading Up 1.1 %

Shares of Warby Parker stock opened at $23.08 on Tuesday. The firm has a market capitalization of $2.35 billion, a PE ratio of -85.48 and a beta of 1.80. The firm’s 50 day moving average is $17.00 and its 200 day moving average is $16.04. Warby Parker has a 1 year low of $10.28 and a 1 year high of $23.39.

Insiders Place Their Bets

In related news, CFO Steven Clive Miller sold 15,272 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $13.00, for a total transaction of $198,536.00. Following the completion of the transaction, the chief financial officer now owns 184,251 shares in the company, valued at approximately $2,395,263. This represents a 7.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Neil Harris Blumenthal sold 50,000 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $13.89, for a total transaction of $694,500.00. Following the transaction, the chief executive officer now owns 12,177 shares of the company’s stock, valued at $169,138.53. This represents a 80.42 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 99,178 shares of company stock worth $1,339,901. Insiders own 26.55% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC boosted its holdings in Warby Parker by 610.3% in the second quarter. SG Americas Securities LLC now owns 91,598 shares of the company’s stock valued at $1,471,000 after acquiring an additional 78,702 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position in Warby Parker by 113.3% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,477,410 shares of the company’s stock worth $39,787,000 after buying an additional 1,315,672 shares during the last quarter. Maverick Capital Ltd. purchased a new position in Warby Parker in the 2nd quarter worth about $1,465,000. Russell Investments Group Ltd. raised its position in Warby Parker by 37.1% in the 1st quarter. Russell Investments Group Ltd. now owns 225,338 shares of the company’s stock worth $3,067,000 after buying an additional 61,004 shares during the last quarter. Finally, Driehaus Capital Management LLC grew its stake in shares of Warby Parker by 43.9% during the 2nd quarter. Driehaus Capital Management LLC now owns 806,501 shares of the company’s stock valued at $12,952,000 after purchasing an additional 246,011 shares during the period. 93.24% of the stock is currently owned by institutional investors.

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.