Zacks Investment Research Upgrades WisdomTree Investments (WETF) to Buy

Zacks Investment Research upgraded shares of WisdomTree Investments (NASDAQ:WETF) from a hold rating to a buy rating in a research note issued to investors on Sunday. The brokerage currently has $15.00 price target on the asset manager’s stock.

According to Zacks, “INDIVIDUAL INVESTOR GROUP INC. is an information services company that publishes and markets Individual Investor magazine and Individual Investor’s Special Situations Report. In addition, the Company, through wholly owned subsidiaries, is the investment manager of private investment funds. “

A number of other brokerages also recently commented on WETF. Keefe, Bruyette & Woods restated a sell rating and set a $10.00 price objective on shares of WisdomTree Investments in a research note on Thursday, October 12th. Deutsche Bank began coverage on WisdomTree Investments in a research note on Tuesday, October 17th. They set a buy rating and a $13.00 price objective for the company. Northland Securities restated a hold rating and set a $12.00 price objective on shares of WisdomTree Investments in a research note on Sunday, October 29th. Citigroup restated a buy rating and set a $15.00 price objective on shares of WisdomTree Investments in a research note on Monday, October 30th. Finally, UBS Group upped their price objective on WisdomTree Investments from $8.00 to $8.50 and gave the stock a sell rating in a research note on Tuesday, November 14th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. WisdomTree Investments has a consensus rating of Buy and an average target price of $12.06.

Shares of WisdomTree Investments (WETF) traded up $0.09 on Friday, hitting $12.90. The company’s stock had a trading volume of 1,117,400 shares, compared to its average volume of 1,081,738. WisdomTree Investments has a one year low of $7.87 and a one year high of $13.41. The firm has a market cap of $1,766.16, a price-to-earnings ratio of 58.64, a price-to-earnings-growth ratio of 1.99 and a beta of 3.16.

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

In other 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 value of $585,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 16.60% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Everence Capital Management Inc. bought a new position in shares of WisdomTree Investments in the third quarter worth $103,000. Traynor Capital Management Inc. acquired a new stake in shares of WisdomTree Investments in the third quarter valued at $111,000. 3D Asset Management Inc. acquired a new stake in shares of WisdomTree Investments in the third quarter valued at $112,000. Shelton Capital Management acquired a new stake in shares of WisdomTree Investments in the second quarter valued at $116,000. Finally, Jane Street Group LLC acquired a new stake in shares of WisdomTree Investments in the third quarter valued at $129,000. 89.43% of the stock is owned by institutional investors.

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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.

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