WisdomTree Investments Sees Unusually Large Options Volume (WETF)
Shares of WisdomTree Investments (NASDAQ:WETF) saw some unusual options trading on Wednesday. Stock investors acquired 6,058 call options on the company, AR Network reports. This represents an increase of approximately 995% compared to the typical volume of 553 call options.
A number of research firms have recently commented on WETF. Analysts at Susquehanna cut their price target on shares of WisdomTree Investments from $15.00 to $14.00 in a research note on Tuesday. They now have a “positive” rating on the stock. Finally, 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. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $14.25.
WisdomTree Investments (NASDAQ:WETF) traded up 2.41% during mid-day trading on Wednesday, hitting $10.18. 2,267,382 shares of the company’s stock traded hands. 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 $1.339 billion and a P/E ratio of 19.12.
WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.07 by $0.01. The company had revenue of $44.13 million for the quarter, compared to the consensus estimate of $43.88 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 18.2% on a year-over-year basis. Analysts expect that WisdomTree Investments will post $0.38 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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