WisdomTree Investments, Inc. (NASDAQ:WETF) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Monday, July 31st.
A number of other research analysts have also recently commented on WETF. UBS AG reaffirmed a “sell” rating and set a $8.00 target price (up previously from $7.50) on shares of WisdomTree Investments in a research note on Monday, July 31st. Northland Securities reissued a “hold” rating and issued a $10.50 price objective on shares of WisdomTree Investments in a research note on Sunday, July 30th. Zacks Investment Research raised WisdomTree Investments from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Tuesday, July 4th. ValuEngine cut WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th. Finally, Keefe, Bruyette & Woods reissued a “sell” rating and issued a $8.00 price objective on shares of WisdomTree Investments in a research note on Monday, April 10th. Five analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $10.11.
Shares of WisdomTree Investments (NASDAQ:WETF) opened at 8.91 on Monday. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 40.50 and a beta of 3.09. The stock has a 50 day moving average price of $10.10 and a 200-day moving average price of $9.39. WisdomTree Investments has a 12 month low of $7.87 and a 12 month high of $13.32.
WisdomTree Investments (NASDAQ:WETF) last released its earnings results on Friday, July 28th. The asset manager reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $63.40 million for the quarter, compared to analysts’ expectations of $57.27 million. WisdomTree Investments had a return on equity of 15.41% and a net margin of 13.33%. The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.07 earnings per share. Analysts expect that WisdomTree Investments will post $0.24 earnings per share for the current fiscal year.
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In other WisdomTree Investments news, Director Bruce I. Lavine sold 10,289 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $10.10, for a total transaction of $103,918.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 16.10% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of WETF. GSA Capital Partners LLP raised its stake in shares of WisdomTree Investments by 0.8% in the fourth quarter. GSA Capital Partners LLP now owns 17,544 shares of the asset manager’s stock valued at $195,000 after buying an additional 144 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of WisdomTree Investments by 6.7% in the fourth quarter. Teachers Advisors LLC now owns 221,994 shares of the asset manager’s stock valued at $2,473,000 after buying an additional 14,015 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of WisdomTree Investments by 57.5% in the first quarter. Russell Investments Group Ltd. now owns 518,282 shares of the asset manager’s stock valued at $4,707,000 after buying an additional 189,168 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of WisdomTree Investments by 94.0% in the first quarter. Principal Financial Group Inc. now owns 888,209 shares of the asset manager’s stock valued at $8,065,000 after buying an additional 430,388 shares in the last quarter. Finally, Whittier Trust Co. raised its stake in shares of WisdomTree Investments by 2.6% in the second quarter. Whittier Trust Co. now owns 89,988 shares of the asset manager’s stock valued at $915,000 after buying an additional 2,297 shares in the last quarter. Hedge funds and other institutional investors own 95.28% of the company’s stock.
About WisdomTree Investments
WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (ETFs). The Company’s family of ETFs includes funds that track its own indexes, funds that track third party indexes and actively managed funds. It operates as an exchange traded products sponsor and asset manager providing investment advisory services in the United States, Europe, Canada and Japan.
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