Trexquant Investment LP Purchases 6,666 Shares of Warby Parker Inc. (NYSE:WRBY)

Trexquant Investment LP raised its position in shares of Warby Parker Inc. (NYSE:WRBYFree Report) by 15.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,847 shares of the company’s stock after acquiring an additional 6,666 shares during the period. Trexquant Investment LP owned approximately 0.05% of Warby Parker worth $717,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Strs Ohio bought a new stake in Warby Parker during the fourth quarter valued at about $40,000. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Warby Parker by 137,633.3% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 4,132 shares of the company’s stock valued at $54,000 after buying an additional 4,129 shares during the period. Levin Capital Strategies L.P. bought a new stake in shares of Warby Parker in the fourth quarter valued at about $141,000. Victory Capital Management Inc. bought a new stake in shares of Warby Parker in the fourth quarter valued at about $160,000. Finally, Jump Financial LLC bought a new stake in shares of Warby Parker in the fourth quarter valued at about $208,000. 93.24% of the stock is currently owned by institutional investors.

Warby Parker Stock Performance

Shares of WRBY opened at $17.71 on Friday. Warby Parker Inc. has a 12 month low of $9.83 and a 12 month high of $17.95. The company has a 50-day moving average price of $14.01 and a two-hundred day moving average price of $13.16.

Warby Parker (NYSE:WRBYGet Free Report) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $200.00 million during the quarter, compared to analysts’ expectations of $196.25 million. Warby Parker had a negative net margin of 7.89% and a negative return on equity of 13.19%. Analysts expect that Warby Parker Inc. will post -0.09 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on WRBY shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $19.00 target price on shares of Warby Parker in a research note on Thursday, May 9th. Morgan Stanley increased their target price on shares of Warby Parker from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Friday, May 10th. Finally, UBS Group increased their target price on shares of Warby Parker from $13.00 to $15.00 and gave the company a “neutral” rating in a research note on Friday, May 10th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Warby Parker currently has a consensus rating of “Hold” and a consensus target price of $16.50.

Get Our Latest Research Report on Warby Parker

Insider Transactions at Warby Parker

In other news, CEO David Abraham Gilboa sold 52,065 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $12.20, for a total transaction of $635,193.00. Following the completion of the sale, the chief executive officer now owns 12,306 shares of the company’s stock, valued at $150,133.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO David Abraham Gilboa sold 52,065 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $12.20, for a total transaction of $635,193.00. Following the completion of the sale, the chief executive officer now owns 12,306 shares of the company’s stock, valued at $150,133.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Steven Clive Miller sold 8,708 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $11.88, for a total transaction of $103,451.04. Following the completion of the sale, the chief financial officer now directly owns 191,104 shares of the company’s stock, valued at approximately $2,270,315.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 89,084 shares of company stock valued at $1,074,979. Corporate insiders own 26.55% of the company’s stock.

Warby Parker Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Warby Parker (NYSE:WRBY)

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