Insider Selling: Bruce I. Lavine Unloads 25,000 Shares of WisdomTree Investments Stock (WETF)
WisdomTree Investments (NASDAQ:WETF) Chairman Bruce I. Lavine unloaded 25,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $10.50, for a total value of $262,500.00. Following the completion of the sale, the chairman now directly owns 212,165 shares in the company, valued at approximately $2,227,733. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on WETF shares. Analysts at Susquehanna cut their price target on shares of WisdomTree Investments from $15.00 to $14.00 in a research note on Tuesday, August 5th. 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 equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. WisdomTree Investments presently has an average rating of “Buy” and an average price target of $14.25.
WisdomTree Investments (NASDAQ:WETF) traded down 1.07% during mid-day trading on Friday, hitting $10.19. The stock had a trading volume of 1,094,802 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 $1.340 billion and a price-to-earnings ratio of 19.81.
WisdomTree Investments (NASDAQ:WETF) last announced its earnings results on Friday, August 1st. The company reported $0.08 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.09 earnings per share. WisdomTree Investments’s revenue was up 18.2% compared to the same quarter last year. On average, analysts predict that WisdomTree Investments will post $0.36 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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