WisdomTree Investments Insider Sells $1,286,483 in Stock (WETF)
WisdomTree Investments (NASDAQ:WETF) Insider Luciano Siracusano III sold 116,953 shares of the stock on the open market in a transaction dated Thursday, August 21st. The shares were sold at an average price of $11.00, for a total value of $1,286,483.00. Following the transaction, the insider now directly owns 330,872 shares of the company’s stock, valued at approximately $3,639,592. The sale was disclosed in a filing with the SEC, which is available at this link.
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 given a buy rating to the stock. WisdomTree Investments currently has an average rating of “Buy” and a consensus price target of $15.33.
Shares of WisdomTree Investments (NASDAQ:WETF) traded down 0.45% during mid-day trading on Friday, hitting $10.95. The stock had a trading volume of 858,880 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 $1.440 billion and a P/E ratio of 21.15.
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.
WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (NASDAQ:WETF).
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