Warby Parker Inc. (NYSE:WRBY) Stock Holdings Increased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its holdings in shares of Warby Parker Inc. (NYSE:WRBY) by 3.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,908 shares of the company’s stock after acquiring an additional 1,556 shares during the period. Janney Montgomery Scott LLC’s holdings in Warby Parker were worth $782,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of WRBY. Zweig DiMenna Associates LLC raised its position in shares of Warby Parker by 57.2% during the third quarter. Zweig DiMenna Associates LLC now owns 507,450 shares of the company’s stock worth $8,287,000 after purchasing an additional 184,700 shares during the period. Prentiss Smith & Co. Inc. acquired a new stake in shares of Warby Parker in the third quarter worth about $1,112,000. LVW Advisors LLC lifted its position in shares of Warby Parker by 27.9% in the third quarter. LVW Advisors LLC now owns 16,027 shares of the company’s stock worth $262,000 after buying an additional 3,500 shares during the last quarter. Algert Global LLC lifted its position in shares of Warby Parker by 81.8% during the 2nd quarter. Algert Global LLC now owns 40,346 shares of the company’s stock worth $648,000 after purchasing an additional 18,154 shares during the last quarter. Finally, Driehaus Capital Management LLC lifted its position in shares of Warby Parker by 43.9% during the 2nd quarter. Driehaus Capital Management LLC now owns 806,501 shares of the company’s stock worth $12,952,000 after purchasing an additional 246,011 shares during the last quarter. Institutional investors own 93.24% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Robert W. Baird upped their price target on Warby Parker from $18.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft upgraded Warby Parker from a “neutral” rating to a “buy” rating and increased their price target for the stock from $15.00 to $18.00 in a research report on Monday, October 21st. Piper Sandler increased their price target on Warby Parker from $18.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. William Blair upgraded Warby Parker from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 7th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $19.00 price objective on shares of Warby Parker in a research report on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.18.

Insider Transactions at Warby Parker

In other Warby Parker news, CFO Steven Clive Miller sold 6,763 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $13.90, for a total value of $94,005.70. Following the transaction, the chief financial officer now directly owns 177,488 shares in the company, valued at $2,467,083.20. The trade was a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Neil Harris Blumenthal sold 50,000 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $13.89, for a total transaction of $694,500.00. Following the completion of the transaction, the chief executive officer now owns 12,177 shares in the company, valued at approximately $169,138.53. This represents a 80.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 99,178 shares of company stock worth $1,339,901 in the last 90 days. Corporate insiders own 26.55% of the company’s stock.

Warby Parker Price Performance

Shares of NYSE:WRBY opened at $21.45 on Monday. The company’s 50-day moving average price is $16.64 and its two-hundred day moving average price is $15.89. Warby Parker Inc. has a one year low of $10.28 and a one year high of $21.77. The stock has a market capitalization of $2.18 billion, a PE ratio of -79.44 and a beta of 1.80.

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.