WisdomTree Investments Rating Increased to Outperform at Zacks (WETF)
WisdomTree Investments (NASDAQ:WETF) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Tuesday, StockRatingsNetwork.com reports. The firm currently has a $18.50 price objective on the stock. Zacks‘ target price points to a potential upside of 7.37% from the company’s current price.
WETF has been the subject of a number of other recent research reports. Analysts at William Blair initiated coverage on shares of WisdomTree Investments in a research note to investors on Monday, January 13th. They set a “market perform” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of WisdomTree Investments from a “buy” rating to a “neutral” rating in a research note to investors on Friday, January 10th. They noted that the move was a valuation call. Finally, 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. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. WisdomTree Investments currently has an average rating of “Hold” and a consensus target price of $14.88.
WisdomTree Investments (NASDAQ:WETF) traded up 0.81% on Tuesday, hitting $17.37. 824,661 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 $2.214 billion and a price-to-earnings ratio of 59.41.
WisdomTree Investments (NASDAQ:WETF) last issued its quarterly 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 previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter 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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