Shares of WisdomTree Investments Inc. (NASDAQ:WETF) have received an average recommendation of “Hold” from the fifteen research firms that are presently covering the firm. Three equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $15.42.
WETF has been the topic of several research reports. Zacks Investment Research raised WisdomTree Investments from a “sell” rating to a “hold” rating in a report on Wednesday, September 14th. Jefferies Group reissued a “buy” rating and issued a $13.00 target price on shares of WisdomTree Investments in a report on Tuesday, July 5th. Bank of America Corp. lowered WisdomTree Investments from a “buy” rating to a “neutral” rating in a report on Tuesday, June 28th. Credit Suisse Group AG reissued a “buy” rating on shares of WisdomTree Investments in a report on Monday, August 1st. Finally, Citigroup Inc. reissued a “sell” rating and issued a $6.00 target price on shares of WisdomTree Investments in a report on Tuesday, June 21st.
WisdomTree Investments (NASDAQ:WETF) traded down 0.42% on Tuesday, hitting $9.46. The stock had a trading volume of 2,071,638 shares. WisdomTree Investments has a one year low of $8.70 and a one year high of $22.33. The stock’s 50 day moving average is $10.19 and its 200 day moving average is $10.67. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 21.95 and a beta of 2.65.
WisdomTree Investments (NASDAQ:WETF) last released its quarterly earnings data on Friday, July 29th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.04. The firm earned $55.98 million during the quarter, compared to analysts’ expectations of $55.01 million. WisdomTree Investments had a return on equity of 26.72% and a net margin of 21.72%. WisdomTree Investments’s revenue was down 31.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.18 earnings per share. Analysts anticipate that WisdomTree Investments will post $0.23 earnings per share for the current year.
In other WisdomTree Investments news, Director Anthony Bossone bought 50,000 shares of WisdomTree Investments stock in a transaction that occurred on Tuesday, August 2nd. The shares were purchased at an average cost of $9.90 per share, for a total transaction of $495,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jonathan L. Steinberg bought 100,000 shares of WisdomTree Investments stock in a transaction that occurred on Wednesday, September 14th. The shares were acquired at an average price of $10.23 per share, for a total transaction of $1,023,000.00. The disclosure for this purchase can be found here. Corporate insiders own 16.10% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. MSI Financial Services Inc increased its position in WisdomTree Investments by 36.4% in the third quarter. MSI Financial Services Inc now owns 10,959 shares of the company’s stock valued at $113,000 after buying an additional 2,925 shares during the period. Rational Advisors LLC purchased a new position in WisdomTree Investments during the second quarter worth approximately $113,000. Amalgamated Bank increased its position in 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 period. Carleon Capital Partners LLC increased its position in 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 period. Finally, Victory Capital Management Inc. increased its position in 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 period. Hedge funds and other institutional investors own 96.12% of the company’s stock.
About WisdomTree Investments
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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