WisdomTree Investments Inc. (NASDAQ:WETF)‘s stock had its “sell” rating reaffirmed by equities research analysts at Citigroup Inc. in a research report issued to clients and investors on Tuesday.
A number of other brokerages also recently issued reports on WETF. Credit Suisse Group AG set a $14.00 price target on WisdomTree Investments and gave the stock a “buy” rating in a research report on Saturday, September 17th. Zacks Investment Research downgraded WisdomTree Investments from a “hold” rating to a “sell” rating in a research report on Saturday, October 1st. Jefferies Group reissued a “buy” rating on shares of WisdomTree Investments in a research report on Friday, August 5th. Finally, Bank of America Corp. downgraded WisdomTree Investments from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 28th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $13.85.
Shares of WisdomTree Investments (NASDAQ:WETF) traded down 0.158% during trading on Tuesday, reaching $9.485. The company’s stock had a trading volume of 2,021,197 shares. WisdomTree Investments has a 52-week low of $8.70 and a 52-week high of $22.33. The company has a market cap of $1.27 billion, a PE ratio of 22.007 and a beta of 2.65. The firm’s 50-day moving average is $10.19 and its 200 day moving average is $10.67.
WisdomTree Investments (NASDAQ:WETF) last posted its earnings results on Friday, July 29th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.03 by $0.04. WisdomTree Investments had a return on equity of 26.72% and a net margin of 21.72%. The company had revenue of $55.98 million for the quarter, compared to the consensus estimate of $55.01 million. During the same quarter in the prior year, the business earned $0.18 earnings per share. The firm’s revenue for the quarter was down 31.4% on a year-over-year basis. On average, equities research analysts predict that WisdomTree Investments will post $0.23 EPS for the current fiscal year.
In other news, CEO Jonathan L. Steinberg purchased 100,000 shares of the company’s stock in a transaction dated Wednesday, September 14th. The stock was bought at an average cost of $10.23 per share, for a total transaction of $1,023,000.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Anthony Bossone purchased 50,000 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The stock was purchased at an average price of $9.90 per share, with a total value of $495,000.00. The disclosure for this purchase can be found here. 16.10% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. MSI Financial Services Inc boosted its position in shares of WisdomTree Investments by 36.4% in the third quarter. MSI Financial Services Inc now owns 10,959 shares of the company’s stock worth $113,000 after buying an additional 2,925 shares during the last quarter. Rational Advisors LLC purchased a new position in shares of WisdomTree Investments during the second quarter worth approximately $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 worth $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 worth $145,000 after buying an additional 1,843 shares during the last quarter. Finally, 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 worth $153,000 after buying an additional 2,337 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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