Warby Parker Inc. $WRBY Shares Bought by Level Four Advisory Services LLC

Level Four Advisory Services LLC boosted its stake in shares of Warby Parker Inc. (NYSE:WRBY) by 67.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 23,716 shares of the company’s stock after purchasing an additional 9,560 shares during the period. Level Four Advisory Services LLC’s holdings in Warby Parker were worth $520,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of WRBY. PNC Financial Services Group Inc. grew its holdings in Warby Parker by 400.3% during the second quarter. PNC Financial Services Group Inc. now owns 1,601 shares of the company’s stock worth $35,000 after acquiring an additional 1,281 shares during the period. Huntington National Bank lifted its holdings in Warby Parker by 111.0% in the second quarter. Huntington National Bank now owns 1,675 shares of the company’s stock valued at $37,000 after acquiring an additional 881 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Warby Parker in the 1st quarter worth approximately $58,000. Anderson Financial Strategies LLC grew its stake in shares of Warby Parker by 39.0% during the 1st quarter. Anderson Financial Strategies LLC now owns 3,954 shares of the company’s stock worth $72,000 after purchasing an additional 1,109 shares during the period. Finally, New York State Teachers Retirement System increased its holdings in shares of Warby Parker by 442.2% during the 2nd quarter. New York State Teachers Retirement System now owns 8,089 shares of the company’s stock valued at $177,000 after purchasing an additional 6,597 shares in the last quarter. Hedge funds and other institutional investors own 93.24% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on WRBY shares. Telsey Advisory Group reissued an “outperform” rating and set a $24.00 price target on shares of Warby Parker in a report on Tuesday, November 18th. Wall Street Zen downgraded shares of Warby Parker from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Stifel Nicolaus raised their target price on Warby Parker from $21.00 to $22.00 and gave the company a “hold” rating in a research report on Friday, August 8th. Cowen restated a “buy” rating on shares of Warby Parker in a research note on Friday, August 8th. Finally, Roth Capital set a $24.00 price target on Warby Parker and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Nine research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $24.53.

Insider Buying and Selling

In related news, Director Joel E. Cutler sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $26.75, for a total transaction of $936,250.00. Following the completion of the sale, the director directly owned 19,932 shares in the company, valued at approximately $533,181. The trade was a 63.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Neil Harris Blumenthal sold 8,416 shares of the firm’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $27.52, for a total value of $231,608.32. Following the completion of the transaction, the chief executive officer owned 32,733 shares in the company, valued at $900,812.16. The trade was a 20.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 85,000 shares of company stock worth $2,312,661 over the last ninety days. Corporate insiders own 18.24% of the company’s stock.

Warby Parker Stock Down 5.3%

WRBY stock opened at $18.77 on Tuesday. Warby Parker Inc. has a 52 week low of $13.63 and a 52 week high of $29.73. The firm has a 50-day simple moving average of $21.39 and a 200-day simple moving average of $22.83. The stock has a market capitalization of $1.98 billion, a P/E ratio of 1,876.50 and a beta of 2.06.

Warby Parker (NYSE:WRBY) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.03). Warby Parker had a return on equity of 1.96% and a net margin of 0.08%.The firm had revenue of $221.68 million during the quarter, compared to analyst estimates of $224.49 million. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. The company’s quarterly revenue was up 15.2% on a year-over-year basis. Warby Parker has set its FY 2025 guidance at EPS. On average, analysts expect that Warby Parker Inc. will post -0.12 earnings per share for the current year.

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.