WisdomTree Investments (WETF) Stock Rating Reaffirmed by Jefferies Group

Jefferies Group restated their buy rating on shares of WisdomTree Investments (NASDAQ:WETF) in a research report report published on Thursday morning. Jefferies Group currently has a $15.00 price objective on the asset manager’s stock. Jefferies Group also issued estimates for WisdomTree Investments’ Q1 2018 earnings at $0.10 EPS, Q2 2018 earnings at $0.13 EPS, Q3 2018 earnings at $0.13 EPS, Q4 2018 earnings at $0.15 EPS, FY2018 earnings at $0.51 EPS and FY2019 earnings at $0.66 EPS.

A number of other equities analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of WisdomTree Investments from a hold rating to a buy rating and set a $14.00 target price on the stock in a research report on Saturday, January 6th. BidaskClub upgraded shares of WisdomTree Investments from a buy rating to a strong-buy rating in a research report on Friday, December 22nd. UBS Group raised their target price on shares of WisdomTree Investments from $8.00 to $8.50 and gave the stock a sell rating in a research report on Tuesday, November 14th. Keefe, Bruyette & Woods upgraded shares of WisdomTree Investments from an underperform rating to a mkt perform rating in a research report on Tuesday, November 14th. Finally, Citigroup restated a buy rating and set a $15.00 target price on shares of WisdomTree Investments in a research report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. WisdomTree Investments has a consensus rating of Hold and a consensus target price of $11.94.

Shares of WisdomTree Investments (NASDAQ:WETF) traded up $0.04 on Thursday, hitting $13.23. 1,018,200 shares of the stock were exchanged, compared to its average volume of 1,089,144. The stock has a market capitalization of $1,811.34, a price-to-earnings ratio of 60.14, a PEG ratio of 2.11 and a beta of 3.16. WisdomTree Investments has a twelve month low of $7.87 and a twelve month high of $13.41.

WisdomTree Investments (NASDAQ:WETF) last announced its earnings results on Friday, October 27th. The asset manager reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. The business had revenue of $57.99 million for the quarter, compared to analyst estimates of $57.89 million. WisdomTree Investments had a net margin of 12.98% and a return on equity of 15.47%. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period last year, the firm posted $0.06 earnings per share. equities analysts forecast that WisdomTree Investments will post 0.25 earnings per share for the current year.

In related news, Director Frank Salerno sold 50,000 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $11.71, for a total transaction of $585,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 16.60% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Everence Capital Management Inc. acquired a new stake in shares of WisdomTree Investments during the third quarter worth $103,000. Traynor Capital Management Inc. acquired a new stake in shares of WisdomTree Investments during the third quarter worth $111,000. 3D Asset Management Inc. acquired a new stake in shares of WisdomTree Investments during the third quarter worth $112,000. Shelton Capital Management acquired a new stake in shares of WisdomTree Investments during the second quarter worth $116,000. Finally, Jane Street Group LLC acquired a new stake in shares of WisdomTree Investments during the third quarter worth $129,000. 89.41% of the stock is owned by hedge funds and other institutional investors.

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WisdomTree Investments Company Profile

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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