Warby Parker (NYSE:WRBY) Director Youngme Moon Sells 38,832 Shares

Warby Parker Inc. (NYSE:WRBY) Director Youngme Moon sold 38,832 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $29.07, for a total transaction of $1,128,846.24. Following the transaction, the director owned 27,057 shares in the company, valued at approximately $786,546.99. The trade was a 58.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Warby Parker Stock Performance

WRBY traded down $0.50 during midday trading on Monday, hitting $26.90. The stock had a trading volume of 3,934,750 shares, compared to its average volume of 2,465,023. Warby Parker Inc. has a 1 year low of $13.63 and a 1 year high of $31.00. The business has a fifty day moving average of $20.58 and a 200 day moving average of $23.05. The company has a market cap of $2.84 billion, a P/E ratio of 2,690.10 and a beta of 2.06.

Warby Parker (NYSE:WRBY) last released its earnings results on Thursday, November 6th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.03). The company had revenue of $221.68 million during the quarter, compared to the consensus estimate of $224.49 million. Warby Parker had a return on equity of 1.96% and a net margin of 0.08%.The company’s revenue was up 15.2% compared to the same quarter last year. During the same period last year, the firm posted ($0.03) earnings per share. On average, equities research analysts anticipate that Warby Parker Inc. will post -0.12 earnings per share for the current year.

Hedge Funds Weigh In On Warby Parker

Large investors have recently modified their holdings of the business. Farther Finance Advisors LLC raised its stake in shares of Warby Parker by 259.3% in the third quarter. Farther Finance Advisors LLC now owns 1,193 shares of the company’s stock worth $33,000 after purchasing an additional 861 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Warby Parker by 400.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,601 shares of the company’s stock worth $35,000 after buying an additional 1,281 shares during the last quarter. Huntington National Bank lifted its holdings in shares of Warby Parker by 111.0% in the second quarter. Huntington National Bank now owns 1,675 shares of the company’s stock worth $37,000 after buying an additional 881 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Warby Parker during the first quarter valued at $58,000. Finally, NewEdge Advisors LLC boosted its holdings in shares of Warby Parker by 56.7% in the third quarter. NewEdge Advisors LLC now owns 2,350 shares of the company’s stock valued at $65,000 after purchasing an additional 850 shares during the period. Institutional investors own 93.24% of the company’s stock.

Analysts Set New Price Targets

WRBY has been the subject of several recent analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Warby Parker in a research note on Monday, December 8th. UBS Group reduced their price objective on Warby Parker from $23.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, November 7th. Stifel Nicolaus lifted their price target on Warby Parker from $19.00 to $25.00 and gave the stock a “hold” rating in a research note on Friday. The Goldman Sachs Group lifted their price target on Warby Parker from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Finally, BTIG Research upped their target price on shares of Warby Parker from $25.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday. Eleven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $25.50.

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.