Insider Selling: Peter M. Ziemba Unloads 50,000 Shares of WisdomTree Investments Stock (WETF)
WisdomTree Investments (NASDAQ:WETF) Insider Peter M. Ziemba sold 50,000 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $11.05, for a total transaction of $552,500.00. Following the transaction, the insider now directly owns 662,954 shares in the company, valued at approximately $7,325,642. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
WisdomTree Investments (NASDAQ:WETF) traded up 1.55% on Monday, hitting $11.13. The stock had a trading volume of 2,127,935 shares. WisdomTree Investments has a 52 week low of $9.11 and a 52 week high of $18.50. The stock’s 50-day moving average is $10.95 and its 200-day moving average is $12.1. The company has a market cap of $1.464 billion and a price-to-earnings ratio of 21.08.
WisdomTree Investments (NASDAQ:WETF) last announced its earnings results 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.
WETF has been the subject of a number of recent research reports. Analysts at Citigroup Inc. upgraded shares of WisdomTree Investments from a “sell” rating to a “neutral” rating in a research note on Monday, August 18th. 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 investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus 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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