Insider Selling: Bruce I. Lavine Sells 25,000 Shares of WisdomTree Investments Stock (WETF)
WisdomTree Investments (NASDAQ:WETF) Chairman Bruce I. Lavine unloaded 25,000 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $10.10, for a total value of $252,500.00. Following the completion of the sale, the chairman now directly owns 212,165 shares in the company, valued at approximately $2,142,867. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of WisdomTree Investments (NASDAQ:WETF) opened at 10.66 on Wednesday. WisdomTree Investments has a one year low of $5.71 and a one 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 $1.402 billion and a price-to-earnings ratio of 20.46.
WisdomTree Investments (NASDAQ:WETF) last released its 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. Analysts expect that WisdomTree Investments will post $0.36 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. upgraded shares of WisdomTree Investments from a “sell” rating to a “neutral” rating in a research note on Monday. Separately, 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 Susquehanna raised their price target on shares of WisdomTree Investments from $13.00 to $15.00 in a research note on Wednesday, July 2nd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $15.33.
WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (NASDAQ:WETF).
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