<div id="readability-page-1"><p>Warby Parker Inc. (NYSE:WRBY - Get Free Report) shares dropped 6.2% on Monday following insider selling activity. The company traded as low as $26.43 and last traded at $26.5410. Approximately 1,177,611 shares changed hands during trading, a decline of 73% from the average daily volume of 4,296,461 shares. The stock had previously closed at $28.30.</p><ul><li>Warby Parker Stock Is A High-Probability Candidate For A Short-Squeeze </li></ul><p>Specifically,  CEO Neil Harris Blumenthal sold 50,000 shares of the business's stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $27.08, for a total value of $1,354,000.00. Following the completion of the transaction, the chief executive officer owned 37,119 shares in the company, valued at $1,005,182.52. The trade was a 57.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Neil Harris Blumenthal sold 150,000 shares of the business's stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $25.09, for a total value of $3,763,500.00. Following the sale, the chief executive officer owned 37,119 shares of the company's stock, valued at approximately $931,315.71. The trade was a 80.16% decrease in their position. The SEC filing for this sale provides additional information. </p><h2>Analyst Ratings Changes</h2><p>A number of analysts recently weighed in on WRBY shares. Weiss Ratings  reiterated a &#34;hold (c-)&#34; rating on shares of Warby Parker in a research report on Monday, December 29th. Citigroup upgraded shares of Warby Parker from a &#34;hold&#34; rating to an &#34;outperform&#34; rating in a report on Wednesday, December 10th. Citizens Jmp raised shares of Warby Parker from a &#34;market perform&#34; rating to an &#34;outperform&#34; rating and set a $30.00 price target for the company in a report on Wednesday, December 10th. BTIG Research upped their price objective on shares of Warby Parker from $25.00 to $32.00 and gave the company a &#34;buy&#34; rating in a research report on Thursday, December 11th. Finally, Stifel Nicolaus lifted their target price on Warby Parker from $19.00 to $25.00 and gave the stock a &#34;hold&#34; rating in a report on Friday, December 12th. Eleven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of &#34;Moderate Buy&#34; and an average target price of $26.75.</p><ul><li>Warby Parker is One For the Watchlist </li></ul><p><b>View Our Latest Stock Report on Warby Parker</b></p><h2>Warby Parker Stock Performance</h2><p>The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 2,653.10 and a beta of 2.05. The business has a 50-day simple moving average of $21.90 and a two-hundred day simple moving average of $23.57. </p><p>Warby Parker (NYSE:WRBY - Get Free Report) last announced its earnings results on Thursday, November 6th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.03). Warby Parker had a return on equity of 1.96% and a net margin of 0.08%.The business had revenue of $221.68 million for the quarter, compared to analyst estimates of $224.49 million. During the same quarter in the previous year, the company posted ($0.03) EPS. The business's revenue for the quarter was up 15.2% compared to the same quarter last year.  On average, analysts expect that  Warby Parker Inc. will post -0.12 earnings per share for the current fiscal year. </p><h2>Institutional Inflows and Outflows</h2><p>Several institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC increased its stake in shares of  Warby Parker by 259.3% during the third quarter. Farther Finance Advisors LLC now owns 1,193 shares of the company's stock worth $33,000 after purchasing an additional 861 shares during the period.  PNC Financial Services Group Inc. increased its position in  Warby Parker by 400.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,601 shares of the company's stock worth $35,000 after buying an additional 1,281 shares during the period.  Huntington National Bank lifted its holdings in shares of  Warby Parker by 111.0% during the second quarter. Huntington National Bank now owns 1,675 shares of the company's stock worth $37,000 after buying an additional 881 shares in the last quarter.  NewEdge Advisors LLC boosted its position in shares of  Warby Parker by 56.7% in the third quarter. NewEdge Advisors LLC now owns 2,350 shares of the company's stock valued at $65,000 after acquiring an additional 850 shares during the period.  Finally, Neo Ivy Capital Management bought a new stake in shares of  Warby Parker in the third quarter valued at about $112,000. Institutional investors and hedge funds own  93.24% of the company's stock. </p><h2>Warby Parker Company Profile</h2> (Get Free Report)<p>Warby Parker, Inc <span>NYSE: WRBY<span></span></span> is a U.S.-based eyewear company that designs, manufactures and sells prescription glasses, sunglasses and contact lenses through a direct-to-consumer model. Since its founding, the company has combined online and brick-and-mortar channels to streamline the customer experience, offering features such as virtual try-on technology and a home try-on program that allows consumers to sample frames before purchase.  </p><p>Established in 2010 by Wharton graduates Neil Blumenthal, Dave Gilboa, Andrew Hunt and Jeffrey Raider, Warby Parker set out to disrupt the traditional optical market by controlling the entire supply chain—from frame design and lens production to warehousing and distribution.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Warby Parker</li><li>Early-Entry Player in the Race to Put AI Data Centers in Orbit</li><li>This Tiny Drone Stock Is Lining Up with U.S. Defense Policy!</li><li>Your Bank Account Is No Longer Safe</li><li>Shots officially fired…</li><li>Do not delete, read immediately</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Warby Parker Right Now?</h2><p>Before you consider Warby Parker, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Warby Parker wasn't on the list.</p><p>While Warby Parker currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

WRBY

<p>Warby Parker (NYSE:WRBY) shares fell 6.2% to $26.54 following insider selling by CEO Neil Harris Blumenthal, who sold 200,000 shares at an average price of $26.09. The stock's trading volume was significantly lower than average. Analysts have mixed ratings, with a consensus of "Moderate Buy" and an average target price of $26.75. The company reported a revenue of $221.68 million for the last quarter, missing estimates, and is expected to post -$0.12 EPS for the current fiscal year. Institutional investors hold 93.24% of the stock.</p>

Warby Parker (NYSE:WRBY) Trading Down 6.2% After Insider Selling