Crestone Asset Management LLC Has $155,000 Stock Position in Warby Parker Inc. (NYSE:WRBY)

Crestone Asset Management LLC lowered its position in Warby Parker Inc. (NYSE:WRBY) by 10.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 11,026 shares of the company’s stock after selling 1,317 shares during the quarter. Crestone Asset Management LLC’s holdings in Warby Parker were worth $155,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Strs Ohio acquired a new stake in Warby Parker in the 4th quarter valued at approximately $40,000. Cary Street Partners Investment Advisory LLC increased its position in Warby Parker by 137,633.3% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 4,132 shares of the company’s stock worth $54,000 after acquiring an additional 4,129 shares during the period. Levin Capital Strategies L.P. bought a new position in Warby Parker during the fourth quarter worth $141,000. Victory Capital Management Inc. acquired a new stake in Warby Parker in the 4th quarter worth $160,000. Finally, SG Americas Securities LLC increased its stake in Warby Parker by 47.6% during the third quarter. SG Americas Securities LLC now owns 13,781 shares of the company’s stock valued at $181,000 after acquiring an additional 4,445 shares during the period. 93.24% of the stock is owned by hedge funds and other institutional investors.

Warby Parker Stock Down 1.7 %

Shares of Warby Parker stock traded down $0.22 during trading on Wednesday, reaching $12.44. 1,339,765 shares of the company were exchanged, compared to its average volume of 1,187,188. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of -23.15 and a beta of 1.64. The business has a 50-day moving average price of $12.65 and a 200-day moving average price of $12.76. Warby Parker Inc. has a twelve month low of $9.83 and a twelve month high of $16.49.

Warby Parker (NYSE:WRBY) last announced its quarterly earnings results on Wednesday, February 28th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.04). Warby Parker had a negative return on equity of 16.36% and a negative net margin of 9.44%. The business had revenue of $161.86 million during the quarter, compared to the consensus estimate of $161.01 million. On average, equities research analysts forecast that Warby Parker Inc. will post -0.13 EPS for the current fiscal year.

Analysts Set New Price Targets

WRBY has been the subject of a number of analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $19.00 price objective on shares of Warby Parker in a report on Wednesday, February 28th. Morgan Stanley raised their price target on shares of Warby Parker from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $16.29.

Insiders Place Their Bets

In other Warby Parker news, CEO David Abraham Gilboa sold 52,065 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $12.20, for a total transaction of $635,193.00. Following the sale, the chief executive officer now directly owns 12,306 shares of the company’s stock, valued at approximately $150,133.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Steven Clive Miller sold 8,708 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $11.88, for a total transaction of $103,451.04. Following the transaction, the chief financial officer now directly owns 191,104 shares in the company, valued at approximately $2,270,315.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David Abraham Gilboa sold 52,065 shares of the firm’s stock in a transaction dated 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 89,084 shares of company stock worth $1,074,979. Corporate insiders own 26.91% of the company’s stock.

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.