WisdomTree Investments (WETF) Upgraded to “Strong-Buy” by BidaskClub

BidaskClub upgraded shares of WisdomTree Investments (NASDAQ:WETF) from a buy rating to a strong-buy rating in a research note published on Friday morning.

A number of other research analysts have also recently issued reports on the company. UBS lifted their price objective on WisdomTree Investments from $8.00 to $8.50 and gave the company a sell rating in a report on Tuesday, November 14th. Keefe, Bruyette & Woods upgraded WisdomTree Investments from an underperform rating to a mkt perform rating in a research note on Tuesday, November 14th. Zacks Investment Research lowered WisdomTree Investments from a hold rating to a sell rating in a research note on Tuesday, October 31st. Citigroup restated a buy rating and issued a $15.00 target price on shares of WisdomTree Investments in a research note on Monday, October 30th. Finally, Northland Securities restated a hold rating and issued a $12.00 target price on shares of WisdomTree Investments in a research note on Sunday, October 29th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $11.44.

Shares of WisdomTree Investments (WETF) traded up $0.17 during midday trading on Friday, hitting $12.66. The company’s stock had a trading volume of 1,241,990 shares, compared to its average volume of 1,618,300. The company has a market capitalization of $1,710.03, a PE ratio of 54.30, a PEG ratio of 2.95 and a beta of 3.16. WisdomTree Investments has a 12 month low of $7.87 and a 12 month high of $12.68.

WisdomTree Investments (NASDAQ:WETF) last issued its quarterly earnings data on Friday, October 27th. The asset manager reported $0.06 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.06. The company had revenue of $57.99 million during the quarter, compared to analysts’ expectations of $57.89 million. WisdomTree Investments had a return on equity of 15.47% and a net margin of 12.98%. The business’s revenue was up 12.0% on a year-over-year basis. During the same period last year, the business earned $0.06 earnings per share. analysts predict that WisdomTree Investments will post 0.25 earnings per share for the current fiscal year.

In related news, Director Frank Salerno sold 50,000 shares of WisdomTree Investments stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $11.71, for a total value of $585,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 16.10% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can increased its position in WisdomTree Investments by 0.7% in the second quarter. Bank of Montreal Can now owns 50,078 shares of the asset manager’s stock worth $508,000 after purchasing an additional 356 shares during the period. PNC Financial Services Group Inc. increased its position in WisdomTree Investments by 3.5% in the second quarter. PNC Financial Services Group Inc. now owns 19,688 shares of the asset manager’s stock worth $201,000 after purchasing an additional 668 shares during the period. Tudor Investment Corp ET AL increased its position in WisdomTree Investments by 5.4% in the second quarter. Tudor Investment Corp ET AL now owns 14,289 shares of the asset manager’s stock worth $145,000 after purchasing an additional 726 shares during the period. Amalgamated Bank increased its position in WisdomTree Investments by 5.0% in the second quarter. Amalgamated Bank now owns 15,966 shares of the asset manager’s stock worth $162,000 after purchasing an additional 760 shares during the period. Finally, TIAA CREF Investment Management LLC grew its position in shares of WisdomTree Investments by 0.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 310,856 shares of the asset manager’s stock worth $3,161,000 after buying an additional 1,011 shares during the period. Hedge funds and other institutional investors own 89.41% of the company’s stock.

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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.

Analyst Recommendations for WisdomTree Investments (NASDAQ:WETF)

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