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Shares of Warby Parker Inc. (NYSE:WRBY - Get Rating) have been assigned an average recommendation of "Moderate Buy" from the eleven brokerages that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $27.18.

A number of brokerages have recently issued reports on WRBY. Robert W. Baird reduced their price target on Warby Parker from $40.00 to $30.00 and set a "na" rating on the stock in a research report on Tuesday, May 17th. Cowen reduced their price target on Warby Parker to $23.00 and set a "na" rating on the stock in a research report on Tuesday, May 17th. Telsey Advisory Group reduced their price target on Warby Parker to $30.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 17th. Loop Capital reduced their price target on Warby Parker from $18.00 to $15.00 and set a "hold" rating on the stock in a research report on Monday, June 27th. Finally, Citigroup cut their target price on Warby Parker from $41.00 to $29.00 and set a "na" rating on the stock in a research report on Tuesday, May 17th.Warby Parker Price Performance

Shares of NYSE:WRBY opened at $11.46 on Wednesday. Warby Parker has a 52 week low of $10.86 and a 52 week high of $60.30. The firm has a 50 day moving average of $14.01 and a 200 day moving average of $23.88.

Warby Parker (NYSE:WRBY - Get Rating) last issued its quarterly earnings data on Monday, May 16th. The company reported ($0.30) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.29). The company had revenue of $153.20 million for the quarter, compared to the consensus estimate of $154.08 million. The firm's quarterly revenue was up 10.2% on a year-over-year basis. Equities research analysts predict that Warby Parker will post -0.73 EPS for the current year. Insider Buying and Selling

In related news, CFO Steven Clive Miller sold 7,053 shares of the company's stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $13.42, for a total transaction of $94,651.26. Following the completion of the transaction, the chief financial officer now owns 158,369 shares in the company, valued at approximately $2,125,311.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Steven Clive Miller sold 7,053 shares of the company's stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $13.42, for a total transaction of $94,651.26. Following the completion of the transaction, the chief financial officer now owns 158,369 shares in the company, valued at approximately $2,125,311.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO David Abraham Gilboa sold 5,224 shares of the stock in a transaction dated Friday, June 10th. The shares were sold at an average price of $14.64, for a total transaction of $76,479.36. Following the completion of the sale, the chief executive officer now owns 235 shares of the company's stock, valued at approximately $3,440.40. The disclosure for this sale can be found here. Insiders sold a total of 17,361 shares of company stock worth $245,560 in the last 90 days. Insiders own 25.36% of the company's stock. Hedge Funds Weigh In On Warby Parker

A number of hedge funds have recently made changes to their positions in WRBY. Russell Investments Group Ltd. purchased a new stake in shares of Warby Parker during the 4th quarter worth $2,676,000. Brown Advisory Inc. purchased a new stake in shares of Warby Parker during the 4th quarter worth $1,882,000. Bessemer Group Inc. purchased a new stake in shares of Warby Parker during the 4th quarter worth $798,000. ARK Investment Management LLC purchased a new stake in shares of Warby Parker during the 4th quarter worth $194,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Warby Parker during the 4th quarter worth $4,453,000. Hedge funds and other institutional investors own 98.59% of the company's stock. About Warby Parker (Get Rating)

Warby Parker Inc provides eyewear products. It offers eyeglasses, sunglasses, light-responsive lenses, blue-light-filtering lenses, and contact lenses, as well as accessories, including cases, lenses kit with anti-fog spray, pouches, and anti-fog lens spray. The company also offers eye exams and vision tests directly to consumers through its retail stores, website, and mobile apps.Further ReadingGet a free copy of the StockNews.com research report on Warby Parker (WRBY)3 Large Caps With Bullish Chart PatternsMedtronic Stock Keeps Ticking Forward Occidental Petroleum Leads Exxon Mobil, Chevron Ahead Of Next Week's Earnings The Bull and Bear Case for Investing in AMDSimpson Manufacturing Quietly Builds Foundations For Growth 

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