WisdomTree Investments Price Target Raised to $15.00 at Susquehanna (WETF)
Susquehanna upped their price objective on shares of WisdomTree Investments (NASDAQ:WETF) from $13.00 to $15.00 in a research note issued on Wednesday. Susquehanna’s price target indicates a potential upside of 18.20% from the stock’s previous close.
WisdomTree Investments (NASDAQ:WETF) opened at 12.69 on Wednesday. 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 $1.669 billion and a P/E ratio of 23.36.
WisdomTree Investments (NASDAQ:WETF) last released its earnings data on Friday, May 2nd. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.01. The company had revenue of $42.90 million for the quarter, compared to the consensus estimate of $43.66 million. During the same quarter last year, the company posted $0.06 earnings per share. WisdomTree Investments’s revenue was up 46.4% compared to the same quarter last year. On average, analysts predict that WisdomTree Investments will post $0.38 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on WETF. Analysts at Morgan Stanley upgraded shares of WisdomTree Investments from an “equal weight” rating to an “overweight” rating in a research note on Monday, June 9th. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of WisdomTree Investments in a research note on Tuesday, June 3rd. They now have a $15.00 price target on the stock, down previously from $18.00. Finally, analysts at Ned Davis Research upgraded shares of WisdomTree Investments from a “neutral” rating to a “buy” rating in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $14.50.
WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (NASDAQ:WETF).
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