Warby Parker (NYSE:WRBY) Earns Market Perform Rating from JMP Securities

Warby Parker (NYSE:WRBY)‘s stock had its “market perform” rating reissued by investment analysts at JMP Securities in a research report issued to clients and investors on Thursday,Benzinga reports.

WRBY has been the topic of a number of other research reports. UBS Group dropped their price objective on Warby Parker from $23.00 to $20.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 13th. Cowen reaffirmed a “buy” rating on shares of Warby Parker in a research report on Wednesday, May 21st. Telsey Advisory Group cut their target price on Warby Parker from $30.00 to $22.00 and set an “outperform” rating on the stock in a research report on Friday, May 9th. The Goldman Sachs Group boosted their target price on Warby Parker from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Finally, TD Securities boosted their target price on Warby Parker from $20.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, May 21st. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Warby Parker has a consensus rating of “Moderate Buy” and an average price target of $22.88.

Warby Parker Stock Performance

WRBY opened at $22.20 on Thursday. Warby Parker has a one year low of $12.46 and a one year high of $28.68. The stock’s fifty day moving average is $20.54 and its 200-day moving average is $21.29. The company has a market capitalization of $2.32 billion, a PE ratio of -185.00 and a beta of 2.09.

Insider Buying and Selling

In other Warby Parker news, Director Youngme E. Moon sold 33,073 shares of the business’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $19.90, for a total value of $658,152.70. Following the transaction, the director owned 53,869 shares in the company, valued at $1,071,993.10. The trade was a 38.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 18.24% of the stock is owned by company insiders.

Institutional Trading of Warby Parker

Several large investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp lifted its position in shares of Warby Parker by 205.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company’s stock worth $37,000 after purchasing an additional 1,028 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Warby Parker by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 742,550 shares of the company’s stock worth $17,977,000 after purchasing an additional 13,501 shares during the last quarter. Atria Investments Inc acquired a new position in Warby Parker in the 4th quarter valued at approximately $241,000. Proficio Capital Partners LLC acquired a new position in Warby Parker in the 4th quarter valued at approximately $273,000. Finally, Arizona State Retirement System raised its holdings in Warby Parker by 2.6% in the 4th quarter. Arizona State Retirement System now owns 24,881 shares of the company’s stock valued at $602,000 after acquiring an additional 619 shares in the last quarter. Institutional investors own 93.24% of the company’s stock.

Warby Parker Company Profile

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.