WisdomTree Investments Stock Rating Lowered by Bank of America Corp. (WETF)
WisdomTree Investments (NASDAQ:WETF) was downgraded by Bank of America Corp. from a “buy” rating to a “neutral” rating in a research note issued on Tuesday, American Banking News.com reports.
Shares of WisdomTree Investments (NASDAQ:WETF) opened at 13.48 on Tuesday. 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 $11.70 and a 200-day moving average of $11.91. The company has a market cap of $1.698 billion and a P/E ratio of 64.19.
WisdomTree Investments (NASDAQ:WETF) last announced its earnings results 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.
A number of other firms have also recently commented on WETF. Analysts at Jefferies Group initiated coverage on shares of WisdomTree Investments in a research note to investors on Wednesday, October 9th. They set a “buy” rating and a $15.00 price target on the stock. Separately, analysts at Susquehanna reiterated a “neutral” rating on shares of WisdomTree Investments in a research note to investors on Wednesday, October 9th. They now have a $12.00 price target on the stock, down previously from $13.00. Finally, analysts at Morgan Stanley cut their price target on shares of WisdomTree Investments from $13.50 to $12.50 in a research note to investors on Thursday, October 3rd. They now have an “equal weight” rating on the stock. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. WisdomTree Investments presently has a consensus rating of “Buy” and an average target price of $14.17.
WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (NASDAQ:WETF).
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