Wise Group plc (WSE) – What Are Brokerages Saying About This Stock?

Wise Group plc (NASDAQ:WSE) has earned an average recommendation of “Buy” from the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $16.94.

Several analysts have commented on WSE shares. Weiss Ratings raised Wise Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 6th. Barclays upgraded Wise Group to a “strong-buy” rating in a research note on Tuesday, July 7th. Canaccord Genuity Group initiated coverage on Wise Group in a report on Wednesday, September 2nd. They issued a “buy” rating on the stock. Monness Crespi & Hardt upgraded Wise Group to a “strong-buy” rating in a research note on Friday, October 16th. Finally, Wall Street Zen downgraded Wise Group from a “hold” rating to a “sell” rating in a report on Saturday, October 17th.

Insider Buying and Selling at Wise Group

In other Wise Group news, CTO Harsh Sinha sold 42,324 shares of the company’s stock in a transaction on Friday, October 16th. The shares were sold at an average price of $11.75, for a total transaction of $497,307.00. Following the completion of the transaction, the chief technology officer owned 979,030 shares in the company, valued at approximately $11,503,602.50. This represents a 4.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Emmanuel Francois Je Thomassin sold 6,040 shares of the firm’s stock in a transaction on Friday, October 16th. The stock was sold at an average price of $11.75, for a total transaction of $70,970.00. Following the completion of the sale, the chief financial officer owned 4,853 shares of the company’s stock, valued at $57,022.75. This trade represents a 55.45% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 106,626 shares of company stock valued at $1,252,856.

Institutional Investors Weigh In On Wise Group

A number of institutional investors have recently added to or reduced their stakes in WSE. Ninety One UK Ltd lifted its holdings in Wise Group by 37.4% in the third quarter. Ninety One UK Ltd now owns 7,195,705 shares of the company’s stock valued at $82,629,000 after acquiring an additional 1,959,751 shares during the period. Amundi acquired a new position in shares of Wise Group during the 2nd quarter worth $58,328,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of Wise Group by 9.0% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 4,771,451 shares of the company’s stock worth $54,347,000 after purchasing an additional 392,895 shares during the period. Allianz Asset Management GmbH acquired a new position in shares of Wise Group during the 2nd quarter worth $14,441,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Wise Group in the 2nd quarter valued at about $3,154,000.

Wise Group Stock Performance

NASDAQ:WSE opened at $10.87 on Thursday. Wise Group has a 52-week low of $10.36 and a 52-week high of $17.47. The stock’s 50 day moving average price is $11.82. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.17.

Wise Group (NASDAQ:WSE) last issued its quarterly earnings data on Thursday, June 25th. The company reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $576.48 million for the quarter. As a group, equities research analysts predict that Wise Group will post 0.56 EPS for the current year.

About Wise Group

Wise Group PLC is a technology company. Its product offering includes Wise Account, Wise Business and Wise Platform. Wise Account is its solution for people with cross-border financial needs. Wise Business offers product along with business-specific functionalities designed to enable business customers. Wise Platform provide financial services for banks, financial institutions and enterprises. Wise Group PLC is based in LONDON, United Kingdom.