Insider Selling: Jonathan Steinberg Sells 112,500 Shares of WisdomTree Investments Stock (WETF)
WisdomTree Investments (NASDAQ:WETF) CEO Jonathan Steinberg sold 112,500 shares of WisdomTree Investments stock on the open market in a transaction dated Monday, September 23rd. The stock was sold at an average price of $11.26, for a total value of $1,266,750.00. Following the completion of the sale, the chief executive officer now directly owns 4,658,951 shares in the company, valued at approximately $52,459,788. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
WETF has been the subject of a number of recent research reports. 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 equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $14.75.
Shares of WisdomTree Investments (NASDAQ:WETF) traded down 0.27% during mid-day trading on Monday, hitting $11.14. 1,442,867 shares of the company’s stock traded hands. WisdomTree Investments has a 52 week low of $5.71 and a 52 week high of $14.13. The stock has a 50-day moving average of $12.27 and a 200-day moving average of $11.5. The company has a market cap of $1.403 billion and a price-to-earnings ratio of 53.19.
WisdomTree Investments (NASDAQ:WETF) last released its earnings data on Friday, July 26th. The company reported $0.09 EPS for the quarter, meeting the Thomson Reuters 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. The company’s quarterly revenue was up 82.8% on a year-over-year basis. 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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