Wise Group (NASDAQ:WSE) Insider Sells $684,578.50 in Stock

Wise Group plc (NASDAQ:WSE) insider Nilan Peiris sold 58,262 shares of the business’s stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $11.75, for a total transaction of $684,578.50. Following the completion of the sale, the insider owned 2,516,438 shares in the company, valued at $29,568,146.50. The trade was a 2.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Wise Group Price Performance

Shares of NASDAQ:WSE traded down $0.03 on Monday, reaching $10.95. 3,117,050 shares of the company traded hands, compared to its average volume of 2,275,641. Wise Group plc has a fifty-two week low of $10.36 and a fifty-two week high of $17.47. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a 50 day simple moving average of $12.18.

Wise Group (NASDAQ:WSE) last released its quarterly earnings results on Thursday, June 25th. The company reported $0.12 earnings per share for the quarter. The company had revenue of $576.48 million during the quarter. As a group, equities analysts anticipate that Wise Group plc will post 0.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Vontobel Holding Ltd. bought a new stake in shares of Wise Group during the third quarter valued at approximately $1,251,000. Ninety One UK Ltd raised its position in shares of Wise Group by 37.4% in the 3rd quarter. Ninety One UK Ltd now owns 7,195,705 shares of the company’s stock valued at $82,629,000 after acquiring an additional 1,959,751 shares during the period. jvl associates llc bought a new position in shares of Wise Group during the third quarter worth $230,000. Versant Capital Management Inc acquired a new position in Wise Group in the third quarter valued at about $114,000. Finally, Envestnet Asset Management Inc. bought a new stake in Wise Group during the 2nd quarter worth approximately $2,484,000.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on WSE shares. Morgan Stanley began coverage on shares of Wise Group in a research report on Monday, June 29th. They issued an “equal weight” rating and a $16.10 target price for the company. Wall Street Zen downgraded Wise Group from a “hold” rating to a “sell” rating in a report on Saturday. UBS Group boosted their price objective on Wise Group from $16.00 to $17.25 and gave the stock a “buy” rating in a research report on Tuesday, October 13th. JPMorgan Chase & Co. increased their price target on shares of Wise Group from $17.30 to $17.70 and gave the company an “overweight” rating in a report on Friday. Finally, Canaccord Genuity Group initiated coverage on Wise Group in a research report on Wednesday, September 2nd. They issued a “buy” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Wise Group has a consensus rating of “Moderate Buy” and an average price target of $16.94.

About Wise Group

Wise Group PLC is a technology company. Its product offering includes Wise Account, Wise Business and Wise Platform. Wise Account is its solution for people with cross-border financial needs. Wise Business offers product along with business-specific functionalities designed to enable business customers. Wise Platform provide financial services for banks, financial institutions and enterprises. Wise Group PLC is based in LONDON, United Kingdom.