Warby Parker (NYSE:WRBY) Stock: Insider Neil Harris Blumenthal Sells 73,133 Shares

Warby Parker Inc. (NYSE:WRBY) CEO Neil Blumenthal sold 73,133 shares of the business’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $30.13, for a total value of $2,203,497.29. Following the transaction, the chief executive officer owned 36,020 shares of the company’s stock, valued at approximately $1,085,282.60. The trade was a 67.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Neil Harris Blumenthal also recently made the following trade(s):

• On Thursday, October 1st, Neil Blumenthal sold 100,000 shares of Warby Parker stock. The stock was sold at an average price of $27.69, for a total value of $2,769,000.00.

Warby Parker Price Performance

Shares of NYSE:WRBY traded down $3.42 on Thursday, hitting $26.73. The company’s stock had a trading volume of 6,258,195 shares, compared to its average volume of 4,366,498. The company has a 50-day simple moving average of $25.30 and a 200 day simple moving average of $25.17. Warby Parker Inc. has a 1 year low of $16.26 and a 1 year high of $31.75. The company has a market capitalization of $2.91 billion, a PE ratio of 445.51, a PEG ratio of 9.87 and a beta of 1.95.

Warby Parker (NYSE:WRBY) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05). Warby Parker had a net margin of 0.80% and a return on equity of 3.36%. The business had revenue of $244.74 million for the quarter, compared to the consensus estimate of $244.92 million. During the same quarter last year, the business posted $0.05 EPS. The business’s revenue was up 10.4% compared to the same quarter last year. On average, equities research analysts expect that Warby Parker Inc. will post 0.12 earnings per share for the current fiscal year.

Institutional Trading of Warby Parker

Several hedge funds and other institutional investors have recently bought and sold shares of WRBY. EverSource Wealth Advisors LLC raised its stake in shares of Warby Parker by 105.7% during the first quarter. EverSource Wealth Advisors LLC now owns 1,310 shares of the company’s stock worth $28,000 after acquiring an additional 673 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Warby Parker by 53.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,339 shares of the company’s stock worth $37,000 after acquiring an additional 468 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Warby Parker by 110.7% in the 1st quarter. Parallel Advisors LLC now owns 1,837 shares of the company’s stock worth $39,000 after acquiring an additional 965 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of Warby Parker in the 3rd quarter valued at $64,000. Finally, Essential Partners LLC boosted its stake in shares of Warby Parker by 44.2% in the 1st quarter. Essential Partners LLC now owns 2,570 shares of the company’s stock valued at $54,000 after purchasing an additional 788 shares in the last quarter. Hedge funds and other institutional investors own 93.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on WRBY. The Goldman Sachs Group reissued a “buy” rating and issued a $32.00 price target on shares of Warby Parker in a research note on Friday, November 6th. Roth Capital restated a “neutral” rating and set a $28.00 price objective on shares of Warby Parker in a research report on Wednesday, August 5th. Deutsche Bank set a $29.00 price objective on shares of Warby Parker in a report on Thursday, September 17th. UBS Group upped their target price on shares of Warby Parker from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday, November 6th. Finally, BTIG Research reissued a “buy” rating on shares of Warby Parker in a research note on Tuesday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $31.42.

Warby Parker Company Profile

Warby Parker Inc. is an eyewear company that sells prescription glasses, sunglasses, and contact lenses through its website and retail stores. It also offers vision-related services, including eye exams at select locations. Founded in 2010, the company helped popularize a direct-to-consumer model for eyewear and has since expanded its network of stores. Warby Parker serves customers primarily in the United States and Canada. The company was co-founded by Neil Blumenthal, Dave Gilboa, Andrew Hunt, and Jeffrey Raider.