WisdomTree Investments Downgraded to Neutral at Merrill Lynch (WETF)
WisdomTree Investments (NASDAQ:WETF) was downgraded by research analysts at Merrill Lynch from a “buy” rating to a “neutral” rating in a report released on Wednesday, AmericanBankingNews.com reports.
WETF has been the subject of a number of other recent research reports. Analysts at Bank of America Corp. downgraded shares of WisdomTree Investments from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $14.00 price target on the stock. Separately, 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. Finally, 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. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $14.14.
Shares of WisdomTree Investments (NASDAQ:WETF) traded up 0.92% during mid-day trading on Wednesday, hitting $13.23. 1,217,730 shares of the company’s stock traded hands. WisdomTree Investments has a one year low of $5.71 and a one year high of $11.72. The stock has a 50-day moving average of $12.48 and a 200-day moving average of $11.40. The company has a market cap of $1.667 billion and a P/E ratio of 62.43.
WisdomTree Investments (NASDAQ:WETF) last announced its earnings results on Friday, July 26th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the 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 $0.34 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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