WisdomTree Investments Receives Average Recommendation of “Buy” from Brokerages (NASDAQ:WETF)
Shares of WisdomTree Investments (NASDAQ:WETF) have earned a consensus rating of “Buy” from the nine ratings firms that are currently covering the stock, Stock Ratings Network.com reports. Three equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $15.33.
In other WisdomTree Investments news, Insider Peter M. Ziemba unloaded 50,000 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $11.05, for a total value of $552,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on WETF. 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.
WisdomTree Investments (NASDAQ:WETF) opened at 12.04 on Friday. WisdomTree Investments has a 1-year low of $9.11 and a 1-year 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 $1.584 billion and a price-to-earnings ratio of 23.15.
WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings results 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.
WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (NASDAQ:WETF).
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