WisdomTree Investments (WETF) Rating Reiterated by Jefferies Group

WisdomTree Investments (NASDAQ:WETF)‘s stock had its “buy” rating reiterated by equities researchers at Jefferies Group in a research note issued to investors on Thursday. They presently have a $15.00 price target on the asset manager’s stock. Jefferies Group’s price target would indicate a potential upside of 13.38% from the stock’s previous close. Jefferies Group also issued estimates for WisdomTree Investments’ Q1 2018 earnings at $0.10 EPS, Q2 2018 earnings at $0.13 EPS, Q3 2018 earnings at $0.13 EPS, Q4 2018 earnings at $0.15 EPS, FY2018 earnings at $0.51 EPS and FY2019 earnings at $0.66 EPS.

Other research analysts have also issued reports about the stock. BidaskClub lowered shares of WisdomTree Investments from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 14th. Deutsche Bank initiated coverage on shares of WisdomTree Investments in a research note on Tuesday, October 17th. They issued a “buy” rating and a $13.00 price objective for the company. Citigroup reiterated a “buy” rating and issued a $15.00 price objective on shares of WisdomTree Investments in a research note on Monday, October 30th. Zacks Investment Research upgraded shares of WisdomTree Investments from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Saturday, January 6th. Finally, Northland Securities reiterated a “hold” rating and issued a $12.00 price objective on shares of WisdomTree Investments in a research note on Sunday, October 29th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $11.94.

WisdomTree Investments (WETF) traded up $0.04 during trading on Thursday, reaching $13.23. 1,018,200 shares of the company were exchanged, compared to its average volume of 1,089,144. WisdomTree Investments has a fifty-two week low of $7.87 and a fifty-two week high of $13.41. The stock has a market cap of $1,811.34, a price-to-earnings ratio of 60.14, a price-to-earnings-growth ratio of 2.11 and a beta of 3.16.

WisdomTree Investments (NASDAQ:WETF) last released its quarterly earnings data on Friday, October 27th. The asset manager reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. WisdomTree Investments had a net margin of 12.98% and a return on equity of 15.47%. The business had revenue of $57.99 million during the quarter, compared to analyst estimates of $57.89 million. During the same period in the previous year, the business earned $0.06 EPS. WisdomTree Investments’s revenue was up 12.0% compared to the same quarter last year. equities research analysts predict that WisdomTree Investments will post 0.25 EPS for the current year.

In other news, Director Frank Salerno sold 50,000 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $11.71, for a total transaction of $585,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 16.60% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Everence Capital Management Inc. purchased a new position in shares of WisdomTree Investments during the 3rd quarter valued at $103,000. 3D Asset Management Inc. purchased a new position in shares of WisdomTree Investments during the 3rd quarter valued at $112,000. Traynor Capital Management Inc. purchased a new position in shares of WisdomTree Investments during the 3rd quarter valued at $111,000. Shelton Capital Management purchased a new position in shares of WisdomTree Investments during the 2nd quarter valued at $116,000. Finally, Jane Street Group LLC purchased a new position in shares of WisdomTree Investments during the 3rd quarter valued at $129,000. Hedge funds and other institutional investors own 89.41% of the company’s stock.

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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.

Analyst Recommendations for WisdomTree Investments (NASDAQ:WETF)

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