16,600 Shares in Warby Parker Inc. $WRBY Bought by Versor Investments LP

Versor Investments LP bought a new position in shares of Warby Parker Inc. (NYSE:WRBY) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 16,600 shares of the company’s stock, valued at approximately $303,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Warby Parker during the 1st quarter worth about $2,029,000. New York State Teachers Retirement System acquired a new position in shares of Warby Parker during the 1st quarter worth about $27,000. Jennison Associates LLC boosted its position in shares of Warby Parker by 23.7% during the 1st quarter. Jennison Associates LLC now owns 2,174,158 shares of the company’s stock worth $39,635,000 after acquiring an additional 416,797 shares in the last quarter. Northern Trust Corp boosted its position in shares of Warby Parker by 7.5% during the 4th quarter. Northern Trust Corp now owns 811,038 shares of the company’s stock worth $19,635,000 after acquiring an additional 56,674 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Warby Parker during the 1st quarter worth about $602,000. 93.24% of the stock is owned by institutional investors and hedge funds.

Warby Parker Stock Performance

Warby Parker stock opened at $26.0560 on Friday. Warby Parker Inc. has a fifty-two week low of $12.69 and a fifty-two week high of $29.73. The company has a market capitalization of $2.74 billion, a P/E ratio of -372.18 and a beta of 2.09. The stock has a 50-day simple moving average of $23.43 and a 200-day simple moving average of $21.05.

Analysts Set New Price Targets

Several research firms have recently issued reports on WRBY. UBS Group reaffirmed a “neutral” rating and set a $23.00 price objective (up from $20.00) on shares of Warby Parker in a research report on Friday, August 8th. Robert W. Baird set a $30.00 price objective on Warby Parker and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Piper Sandler reaffirmed an “overweight” rating and set a $25.00 price objective (up from $20.00) on shares of Warby Parker in a research report on Thursday, May 29th. JMP Securities reissued a “market perform” rating on shares of Warby Parker in a report on Thursday, July 10th. Finally, Roth Capital set a $24.00 target price on Warby Parker and gave the company a “neutral” rating in a report on Tuesday, August 5th. Eleven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Warby Parker has an average rating of “Moderate Buy” and a consensus target price of $24.06.

Insider Activity at Warby Parker

In other Warby Parker news, CEO Neil Harris Blumenthal sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $25.11, for a total transaction of $1,255,500.00. Following the completion of the sale, the chief executive officer directly owned 28,347 shares of the company’s stock, valued at $711,793.17. This represents a 63.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Teresa Briggs sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $23.56, for a total value of $141,360.00. Following the sale, the director directly owned 44,879 shares of the company’s stock, valued at approximately $1,057,349.24. This represents a 11.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 106,000 shares of company stock valued at $2,607,280. 18.24% of the stock is owned by company insiders.

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.