WisdomTree Investments Raised to Neutral at Citigroup Inc. (WETF)
WisdomTree Investments (NASDAQ:WETF) was upgraded by analysts at Citigroup Inc. from a “sell” rating to a “neutral” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports.
WisdomTree Investments (NASDAQ:WETF) opened at 10.74 on Monday. WisdomTree Investments has a 1-year low of $5.71 and a 1-year 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 $1.413 billion and a price-to-earnings ratio of 19.79.
WisdomTree Investments (NASDAQ:WETF) last announced its earnings results on Friday, August 1st. The company reported $0.08 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. Analysts expect that WisdomTree Investments will post $0.36 EPS for the current fiscal year.
WETF has been the subject of a number of other recent research reports. 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. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. WisdomTree Investments presently has a consensus rating of “Buy” and a consensus price target of $15.33.
In other WisdomTree Investments news, Chairman Bruce I. Lavine sold 25,000 shares of the stock 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (NASDAQ:WETF).
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