WisdomTree Investments, Inc. (NASDAQ:WETF) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Thursday, July 20th.
A number of other equities research analysts have also recently weighed in on WETF. Zacks Investment Research raised WisdomTree Investments from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Tuesday, July 4th. Keefe, Bruyette & Woods reaffirmed a “sell” rating and set a $8.00 price target on shares of WisdomTree Investments in a report on Monday, April 10th. Jefferies Group LLC reaffirmed a “buy” rating and set a $14.00 price target on shares of WisdomTree Investments in a report on Wednesday, June 28th. BidaskClub raised WisdomTree Investments from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Finally, Citigroup Inc. raised WisdomTree Investments from a “neutral” rating to a “buy” rating and set a $10.50 price target for the company in a report on Monday, May 15th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $10.11.
Shares of WisdomTree Investments (WETF) opened at 9.67 on Thursday. The stock has a 50 day moving average price of $10.31 and a 200-day moving average price of $9.48. WisdomTree Investments has a one year low of $7.87 and a one year high of $13.32. The company has a market capitalization of $1.30 billion, a P/E ratio of 44.16 and a beta of 3.09.
WisdomTree Investments (NASDAQ:WETF) last released its quarterly earnings results on Friday, July 28th. The asset manager reported $0.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.02. WisdomTree Investments had a return on equity of 15.41% and a net margin of 13.33%. The firm had revenue of $63.40 million during the quarter, compared to analysts’ expectations of $57.27 million. During the same period last year, the firm posted $0.07 EPS. The business’s revenue was up 13.2% on a year-over-year basis. Equities research analysts predict that WisdomTree Investments will post $0.25 earnings per share for the current fiscal year.
In other news, Director Bruce I. Lavine sold 10,289 shares of WisdomTree Investments stock in a transaction on Friday, August 4th. The stock was sold at an average price of $10.10, for a total value of $103,918.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.60% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Penserra Capital Management LLC bought a new position in WisdomTree Investments during the second quarter valued at about $107,000. State of Alaska Department of Revenue bought a new position in WisdomTree Investments during the first quarter valued at about $115,000. Capstone Asset Management Co. bought a new position in WisdomTree Investments during the first quarter valued at about $120,000. Tudor Investment Corp ET AL bought a new position in WisdomTree Investments during the first quarter valued at about $123,000. Finally, Quantitative Systematic Strategies LLC bought a new position in WisdomTree Investments during the second quarter valued at about $133,000. Institutional investors and hedge funds own 95.28% of the company’s stock.
WisdomTree Investments Company Profile
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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