Insider Selling: WisdomTree Investments CEO Sells 112,500 Shares of Stock (WETF)
WisdomTree Investments (NASDAQ:WETF) CEO Jonathan Steinberg sold 112,500 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $12.21, for a total value of $1,373,625.00. Following the sale, the chief executive officer now directly owns 4,583,951 shares in the company. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. 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 analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. WisdomTree Investments has a consensus rating of “Buy” and a consensus target price of $14.75.
WisdomTree Investments (NASDAQ:WETF) traded down 1.99% during mid-day trading on Monday, hitting $11.80. 1,368,464 shares of the company’s stock traded hands. WisdomTree Investments has a one year low of $5.71 and a one year 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 $1.487 billion and a P/E ratio of 57.33.
WisdomTree Investments (NASDAQ:WETF) last released its earnings data 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. On average, analysts predict that WisdomTree Investments will post $0.35 earnings per share 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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