Wisdom Tree Investments (WETF) Upgraded to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Wisdom Tree Investments (NASDAQ:WETF) from a hold rating to a buy rating in a research report report published on Saturday, Zacks.com reports. They currently have $8.50 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 research firms have also recently issued reports on WETF. Credit Suisse Group cut shares of Wisdom Tree Investments from a neutral rating to a sell rating and set a $8.00 target price for the company. in a research note on Tuesday, February 5th. Morgan Stanley set a $7.00 price target on shares of Wisdom Tree Investments and gave the company a hold rating in a report on Friday, February 8th. Citigroup lowered shares of Wisdom Tree Investments from a neutral rating to a sell rating in a report on Monday, February 4th. Northland Securities reissued a hold rating and issued a $9.00 price target on shares of Wisdom Tree Investments in a report on Friday. Finally, BidaskClub raised shares of Wisdom Tree Investments from a sell rating to a hold rating in a report on Wednesday, February 27th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $8.50.

NASDAQ:WETF opened at $7.54 on Friday. Wisdom Tree Investments has a 1 year low of $5.73 and a 1 year high of $11.82. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.88 and a quick ratio of 1.74. The company has a market capitalization of $1.20 billion, a PE ratio of 23.56, a PEG ratio of 2.87 and a beta of 1.66.

Wisdom Tree Investments (NASDAQ:WETF) last posted its earnings results on Friday, February 1st. The asset manager reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). Wisdom Tree Investments had a net margin of 13.33% and a return on equity of 15.70%. The firm had revenue of $67.90 million during the quarter, compared to the consensus estimate of $68.18 million. During the same quarter last year, the firm posted $0.04 EPS. The business’s revenue was up 11.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Wisdom Tree Investments will post 0.26 EPS for the current year.

In other Wisdom Tree Investments news, CEO Jonathan L. Steinberg bought 85,000 shares of the stock in a transaction on Monday, February 4th. The stock was purchased at an average price of $5.98 per share, with a total value of $508,300.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Amit Muni bought 13,500 shares of the stock in a transaction on Monday, February 4th. The shares were acquired at an average cost of $5.99 per share, with a total value of $80,865.00. The disclosure for this purchase can be found here. In the last three months, insiders purchased 164,500 shares of company stock valued at $982,285. 14.50% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund acquired a new stake in Wisdom Tree Investments during the 4th quarter worth $294,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Wisdom Tree Investments by 62.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,320 shares of the asset manager’s stock worth $69,000 after acquiring an additional 3,956 shares during the period. MetLife Investment Advisors LLC grew its holdings in Wisdom Tree Investments by 51.6% during the 3rd quarter. MetLife Investment Advisors LLC now owns 81,408 shares of the asset manager’s stock worth $690,000 after acquiring an additional 27,720 shares during the period. Royce & Associates LP grew its holdings in Wisdom Tree Investments by 77.8% during the 4th quarter. Royce & Associates LP now owns 208,000 shares of the asset manager’s stock worth $1,383,000 after acquiring an additional 91,000 shares during the period. Finally, Standard Life Aberdeen plc grew its holdings in Wisdom Tree Investments by 6.4% during the 3rd quarter. Standard Life Aberdeen plc now owns 4,545,279 shares of the asset manager’s stock worth $38,567,000 after acquiring an additional 272,344 shares during the period. 71.84% of the stock is owned by hedge funds and other institutional investors.

Wisdom Tree Investments Company Profile

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.

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