WisdomTree Investments CEO Jonathan Steinberg Sells 112,500 Shares (WETF)
WisdomTree Investments (NASDAQ:WETF) CEO Jonathan Steinberg sold 112,500 shares of the company’s stock on the open market in a transaction dated Monday, September 9th. The stock was sold at an average price of $11.54, for a total value of $1,298,250.00. Following the transaction, the chief executive officer now directly owns 4,508,951 shares of the company’s stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on WETF shares. Analysts at Susquehanna initiated coverage on shares of WisdomTree Investments (NASDAQ:WETF) in a research note to investors on Wednesday, August 14th. They set a “neutral” rating on the stock. Separately, analysts at Morgan Stanley raised their price target on shares of WisdomTree Investments (NASDAQ:WETF) from $12.50 to $13.50 in a research note to investors on Monday, July 29th. They now have an “equal weight” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of WisdomTree Investments (NASDAQ:WETF) in a research note to investors on Monday, July 29th. They now have a $14.00 price target on the stock, up previously from $13.50.
Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $14.75.
Shares of WisdomTree Investments (NASDAQ:WETF) traded up 3.35% during mid-day trading on Tuesday, hitting $12.02. The stock had a trading volume of 628,397 shares. WisdomTree Investments has a 52-week low of $5.71 and a 52-week high of $14.13. The stock’s 50-day moving average is $12.27 and its 200-day moving average is $11.5. The company has a market cap of $1.514 billion and a P/E ratio of 55.38.
WisdomTree Investments (NASDAQ:WETF) last announced its earnings results on Friday, July 26th. The company reported $0.09 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.09. The company had revenue of $37.30 million for the quarter, compared to the consensus estimate of $37.27 million. WisdomTree Investments’s revenue was up 82.8% compared to the same quarter last year. Analysts expect that WisdomTree Investments will post $0.35 EPS for the current fiscal year.
WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (NASDAQ:WETF).
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