165,044 Shares in Wealthfront $WLTH Purchased by UBS Group AG

UBS Group AG acquired a new position in shares of Wealthfront (NASDAQ:WLTH) in the 4th quarter, Holdings Channel reports. The fund acquired 165,044 shares of the company’s stock, valued at approximately $2,243,000.

Several other large investors have also made changes to their positions in WLTH. Realta Investment Advisors acquired a new position in shares of Wealthfront during the 4th quarter worth about $194,000. Teacher Retirement System of Texas acquired a new position in shares of Wealthfront during the 4th quarter worth about $2,310,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new position in shares of Wealthfront during the 4th quarter worth about $453,000.

Wealthfront Stock Down 0.2%

Shares of WLTH opened at $11.98 on Thursday. Wealthfront has a 1 year low of $7.20 and a 1 year high of $14.88. The stock has a 50 day moving average of $10.37.

Wealthfront (NASDAQ:WLTH) last issued its earnings results on Wednesday, March 11th. The company reported ($1.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.24) by ($0.07). The firm had revenue of $96.14 million during the quarter, compared to analyst estimates of $91.95 million. As a group, equities research analysts expect that Wealthfront will post 0.46 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on WLTH shares. The Goldman Sachs Group cut their price target on Wealthfront from $12.00 to $10.50 and set a “neutral” rating for the company in a report on Thursday, March 12th. Citizens Jmp reduced their price objective on Wealthfront from $20.00 to $17.00 and set a “market outperform” rating for the company in a research report on Monday, March 16th. JPMorgan Chase & Co. reduced their price objective on Wealthfront from $16.00 to $10.00 and set an “overweight” rating for the company in a research report on Thursday, March 12th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $9.50 price objective (down from $13.50) on shares of Wealthfront in a research report on Thursday, March 12th. Finally, Wells Fargo & Company raised their price objective on Wealthfront from $12.00 to $13.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Wealthfront has an average rating of “Hold” and an average target price of $12.33.

Wealthfront Profile

Wealthfront (NASDAQ:WLTH) is a technology-driven wealth management firm that provides automated investment services to individual investors. Operating as a robo-advisor, the company uses algorithms and software to construct and manage diversified portfolios largely composed of low-cost exchange-traded funds (ETFs). Its platform is geared toward long-term, goal-based investing with an emphasis on passive strategies, automated rebalancing and straightforward user experience delivered through web and mobile applications.

The company’s product suite includes automated portfolio management, tax-loss harvesting and goal-planning tools that help clients set and track financial objectives.