WisdomTree Investments Inc. Reaches New 12-Month High at $18.11 (WETF)
WisdomTree Investments (NASDAQ:WETF)’s share price reached a new 52-week high on Tuesday, AnalystRatings.NET reports. The company traded as high as $18.11 and last traded at $18.00, with a volume of 1,009,336 shares traded. The stock had previously closed at $17.38.
A number of research firms have recently commented on WETF. Analysts at Sidoti downgraded shares of WisdomTree Investments from a “buy” rating to a “neutral” rating in a research note to investors on Monday, December 2nd. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of WisdomTree Investments in a research note to investors on Monday, October 28th. They now have a $16.50 price target on the stock, up previously from $15.00. Finally, analysts at Merrill Lynch downgraded shares of WisdomTree Investments from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. WisdomTree Investments presently has a consensus rating of “Hold” and an average price target of $14.36.
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 $2.308 billion and a price-to-earnings ratio of 59.93.
WisdomTree Investments (NASDAQ:WETF) last released its earnings data on Friday, October 25th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. The company had revenue of $39.60 million for the quarter, compared to the consensus estimate of $39.24 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The company’s quarterly revenue was up 82.5% on a year-over-year basis. On average, analysts predict that WisdomTree Investments will post $0.37 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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