WisdomTree Investments (WETF) Downgraded by Deutsche Bank

WisdomTree Investments (NASDAQ:WETF) was downgraded by equities researchers at Deutsche Bank from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Marketbeat reports. They currently have a $12.00 price objective on the asset manager’s stock. Deutsche Bank’s price objective would indicate a potential upside of 2.92% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Citigroup cut their price target on WisdomTree Investments from $15.00 to $13.50 and set a “buy” rating for the company in a research note on Tuesday, February 6th. BidaskClub downgraded WisdomTree Investments from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 25th. Zacks Investment Research upgraded WisdomTree Investments from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Sunday, January 21st. Morgan Stanley cut their price target on WisdomTree Investments from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 13th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $12.00 price target on shares of WisdomTree Investments in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $11.98.

Shares of WisdomTree Investments opened at $11.66 on Wednesday, Marketbeat reports. WisdomTree Investments has a one year low of $11.17 and a one year high of $11.56. The stock has a market capitalization of $1.77 billion, a P/E ratio of 48.54, a PEG ratio of 2.04 and a beta of 2.63.

WisdomTree Investments (NASDAQ:WETF) last issued its earnings results on Friday, April 27th. The asset manager reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. The business had revenue of $59.61 million during the quarter, compared to analyst estimates of $59.32 million. WisdomTree Investments had a return on equity of 18.28% and a net margin of 12.27%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.05 EPS. equities analysts anticipate that WisdomTree Investments will post 0.38 earnings per share for the current fiscal year.

In other news, Director Michael H. Steinhardt sold 41,245 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $9.71, for a total value of $400,488.95. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael H. Steinhardt sold 163,093 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $9.89, for a total value of $1,612,989.77. The disclosure for this sale can be found here. Insiders sold a total of 860,273 shares of company stock worth $8,525,276 in the last 90 days. Company insiders own 16.10% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Profund Advisors LLC boosted its stake in shares of WisdomTree Investments by 25.1% in the 1st quarter. Profund Advisors LLC now owns 22,283 shares of the asset manager’s stock worth $204,000 after buying an additional 4,465 shares during the last quarter. Swiss National Bank boosted its stake in shares of WisdomTree Investments by 2.3% in the 1st quarter. Swiss National Bank now owns 202,800 shares of the asset manager’s stock worth $1,860,000 after buying an additional 4,600 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of WisdomTree Investments by 2.0% in the 1st quarter. Legal & General Group Plc now owns 237,911 shares of the asset manager’s stock worth $2,175,000 after buying an additional 4,646 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of WisdomTree Investments by 9.5% in the 4th quarter. California Public Employees Retirement System now owns 57,486 shares of the asset manager’s stock worth $721,000 after buying an additional 5,000 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in WisdomTree Investments by 3.0% in the first quarter. Rhumbline Advisers now owns 267,367 shares of the asset manager’s stock valued at $2,452,000 after purchasing an additional 7,807 shares during the last quarter. Hedge funds and other institutional investors own 76.88% of the company’s stock.

About WisdomTree Investments

WisdomTree Investments, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.

Analyst Recommendations for WisdomTree Investments (NASDAQ:WETF)

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