Insider Selling: WisdomTree Investments Chairman Unloads 25,000 Shares of Stock (WETF)
WisdomTree Investments (NASDAQ:WETF) Chairman Bruce I. Lavine sold 25,000 shares of the stock on the open market in a transaction dated Monday, August 18th. The stock was sold at an average price of $10.60, for a total value of $265,000.00. Following the completion of the transaction, the chairman now directly owns 212,165 shares of the company’s stock, valued at approximately $2,248,949. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of WisdomTree Investments (NASDAQ:WETF) traded down 0.19% during mid-day trading on Wednesday, hitting $10.64. The stock had a trading volume of 188,027 shares. 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 $1.400 billion and a price-to-earnings ratio of 20.50.
WisdomTree Investments (NASDAQ:WETF) last released its earnings data 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. Analysts expect that WisdomTree Investments will post $0.36 EPS for the current fiscal year.
A number of analysts have recently weighed in on WETF shares. 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 research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $15.33.
WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (NASDAQ:WETF).
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