WisdomTree Investments Downgraded by Zacks to “Neutral” (WETF)
WisdomTree Investments (NASDAQ:WETF) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report issued on Wednesday, AnalystRatings.Net reports. They currently have a $17.40 price target on the stock. Zacks‘ target price would suggest a potential upside of 12.55% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group cut their EPS estimates on shares of WisdomTree Investments in a research note on Tuesday. They now have a “buy” rating and a $18.00 price target on the stock. Separately, analysts at Bank of America upgraded shares of WisdomTree Investments from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 4th. They now have a $17.00 price target on the stock. Finally, analysts at William Blair initiated coverage on shares of WisdomTree Investments in a research note on Monday, January 13th. They set a “market perform” rating on the stock. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $15.30.
WisdomTree Investments (NASDAQ:WETF) traded down 0.91% on Wednesday, hitting $15.32. The stock had a trading volume of 1,462,950 shares. 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 $1.997 billion and a price-to-earnings ratio of 41.78.
WisdomTree Investments (NASDAQ:WETF) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. The company had revenue of $43.20 million for the quarter, compared to the consensus estimate of $42.79 million. During the same quarter in the previous year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 83.1% on a year-over-year basis. On average, analysts predict that WisdomTree Investments will post $0.54 earnings per share for the current fiscal year.
In other WisdomTree Investments news, CEO Jonathan L. Steinberg sold 112,500 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $15.39, for a total transaction of $1,731,375.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (NASDAQ:WETF).
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