WisdomTree Investments Chairman Unloads $262,500 in Stock (WETF)
WisdomTree Investments (NASDAQ:WETF) Chairman Bruce I. Lavine sold 25,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $10.50, for a total value of $262,500.00. Following the sale, the chairman now directly owns 212,165 shares of the company’s stock, valued at approximately $2,227,733. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
WisdomTree Investments (NASDAQ:WETF) traded down 0.10% on Friday, hitting $10.29. 1,528,948 shares of the company’s stock traded hands. WisdomTree Investments has a 1-year low of $5.71 and a 1-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 $1.354 billion and a P/E ratio of 19.81.
WisdomTree Investments (NASDAQ:WETF) last issued its quarterly earnings data 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. On average, analysts predict that WisdomTree Investments will post $0.36 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. 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 investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. WisdomTree Investments has an average rating of “Buy” and an average price target of $14.25.
WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (NASDAQ:WETF).
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