Shares of Warby Parker Inc. (NYSE:WRBY – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are presently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $16.67.
Several research firms have weighed in on WRBY. BTIG Research upgraded shares of Warby Parker from a “neutral” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Thursday, October 12th. UBS Group started coverage on Warby Parker in a report on Monday, September 25th. They issued a “neutral” rating and a $13.00 target price on the stock. Telsey Advisory Group reissued an “outperform” rating and set a $19.00 price target on shares of Warby Parker in a report on Thursday, August 10th. Citigroup upped their price target on Warby Parker from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Friday, August 11th. Finally, Evercore ISI raised Warby Parker from an “in-line” rating to an “outperform” rating and set a $20.00 price objective on the stock in a research report on Tuesday, October 3rd.
Insider Activity at Warby Parker
Hedge Funds Weigh In On Warby Parker
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP raised its holdings in shares of Warby Parker by 1,434.1% during the 1st quarter. Quarry LP now owns 3,421 shares of the company’s stock worth $36,000 after acquiring an additional 3,198 shares in the last quarter. Point72 Middle East FZE bought a new stake in Warby Parker in the fourth quarter worth $37,000. Cary Street Partners Investment Advisory LLC raised its stake in Warby Parker by 137,633.3% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 4,132 shares of the company’s stock valued at $54,000 after purchasing an additional 4,129 shares in the last quarter. Aquire Wealth Advisors LLC bought a new position in Warby Parker during the first quarter valued at $85,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Warby Parker in the 2nd quarter worth $88,000. 93.24% of the stock is owned by institutional investors.
Warby Parker Stock Down 0.3 %
Shares of NYSE:WRBY opened at $10.96 on Tuesday. The stock has a market capitalization of $1.07 billion, a PE ratio of -19.56 and a beta of 1.83. The firm’s 50 day moving average price is $12.85 and its 200-day moving average price is $12.60. Warby Parker has a twelve month low of $9.50 and a twelve month high of $18.67.
About Warby Parker
Warby Parker Inc provides eyewear products. The company offers eyeglasses, sunglasses, light-responsive lenses, blue-light-filtering 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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