Other equities analysts have also issued research reports about the company. Jefferies Group reissued a buy rating and set a $13.00 price objective on shares of WisdomTree Investments in a research report on Friday, June 17th. Zacks Investment Research raised WisdomTree Investments from a sell rating to a hold rating in a research report on Wednesday, September 14th. Northland Securities lowered WisdomTree Investments from an outperform rating to a market perform rating in a research report on Wednesday, June 1st. Bank of America Corp. lowered WisdomTree Investments from a buy rating to a neutral rating in a research report on Tuesday, June 28th. Finally, Citigroup Inc. reissued a sell rating and set a $6.00 price objective on shares of WisdomTree Investments in a research report on Tuesday, June 21st. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $13.85.
WisdomTree Investments (NASDAQ:WETF) opened at 10.29 on Wednesday. The stock has a market capitalization of $1.38 billion, a P/E ratio of 23.87 and a beta of 2.67. WisdomTree Investments has a one year low of $8.70 and a one year high of $22.33. The company has a 50 day moving average of $10.25 and a 200-day moving average of $10.82.
WisdomTree Investments (NASDAQ:WETF) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.03 by $0.04. The business earned $55.98 million during the quarter, compared to analyst estimates of $55.01 million. WisdomTree Investments had a return on equity of 26.72% and a net margin of 21.72%. The company’s revenue for the quarter was down 31.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 earnings per share. Equities research analysts predict that WisdomTree Investments will post $0.23 earnings per share for the current fiscal year.
In other WisdomTree Investments news, Director Anthony Bossone acquired 50,000 shares of WisdomTree Investments stock in a transaction that occurred on Tuesday, August 2nd. The stock was bought at an average cost of $9.90 per share, for a total transaction of $495,000.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jonathan L. Steinberg acquired 250,000 shares of WisdomTree Investments stock in a transaction that occurred on Friday, August 19th. The stock was acquired at an average price of $10.16 per share, with a total value of $2,540,000.00. The disclosure for this purchase can be found here. 16.10% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in WETF. Rational Advisors LLC purchased a new position in shares of WisdomTree Investments during the second quarter valued at about $113,000. Amalgamated Bank boosted its position in shares of WisdomTree Investments by 10.4% in the second quarter. Amalgamated Bank now owns 13,840 shares of the company’s stock valued at $144,000 after buying an additional 1,304 shares during the last quarter. Carleon Capital Partners LLC boosted its position in shares of WisdomTree Investments by 14.2% in the second quarter. Carleon Capital Partners LLC now owns 14,861 shares of the company’s stock valued at $145,000 after buying an additional 1,843 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of WisdomTree Investments by 17.5% in the second quarter. Victory Capital Management Inc. now owns 15,655 shares of the company’s stock valued at $153,000 after buying an additional 2,337 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its position in shares of WisdomTree Investments by 12.9% in the second quarter. Teacher Retirement System of Texas now owns 16,319 shares of the company’s stock valued at $160,000 after buying an additional 1,865 shares during the last quarter. Institutional investors own 96.12% 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 fundamentally weighted funds that track its own indexes, funds that track third party indexes and actively managed funds. The Company operates through exchange traded products (ETP) sponsor and asset manager providing investment advisory services segment.
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