WisdomTree Investments, Inc. (NASDAQ:WETF) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Thursday.

A number of other research firms also recently weighed in on WETF. Zacks Investment Research raised WisdomTree Investments from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Tuesday, July 4th. Jefferies Group LLC reissued a “buy” rating and set a $14.00 target price on shares of WisdomTree Investments in a research report on Wednesday, June 28th. BidaskClub raised WisdomTree Investments from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Citigroup Inc. raised WisdomTree Investments from a “neutral” rating to a “buy” rating and set a $10.50 target price on the stock in a research report on Monday, May 15th. Finally, Keefe, Bruyette & Woods reissued a “sell” rating and set a $8.00 target price on shares of WisdomTree Investments in a research report on Monday, April 10th. Five research analysts have rated the stock with a sell rating and five have issued a buy rating to the stock. WisdomTree Investments currently has an average rating of “Hold” and a consensus price target of $9.94.

WisdomTree Investments (NASDAQ WETF) traded up 0.94% on Thursday, reaching $10.71. The company had a trading volume of 714,415 shares. The company’s 50-day moving average is $10.09 and its 200-day moving average is $9.55. WisdomTree Investments has a 52-week low of $7.87 and a 52-week high of $13.32. The company has a market capitalization of $1.44 billion, a PE ratio of 71.40 and a beta of 3.10.

WisdomTree Investments (NASDAQ:WETF) last issued its quarterly earnings results on Friday, April 28th. The asset manager reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The company had revenue of $54.60 million for the quarter, compared to the consensus estimate of $53.38 million. WisdomTree Investments had a return on equity of 13.83% and a net margin of 12.60%. The firm’s revenue was down 10.3% compared to the same quarter last year. During the same period last year, the business posted $0.09 earnings per share. Equities analysts anticipate that WisdomTree Investments will post $0.25 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of WETF. Beacon Capital Management purchased a new position in WisdomTree Investments during the fourth quarter worth about $0. GSA Capital Partners LLP boosted its position in WisdomTree Investments by 0.8% in the fourth quarter. GSA Capital Partners LLP now owns 17,544 shares of the asset manager’s stock worth $195,000 after buying an additional 144 shares during the period. State Treasurer State of Michigan boosted its position in WisdomTree Investments by 0.4% in the second quarter. State Treasurer State of Michigan now owns 45,400 shares of the asset manager’s stock worth $444,000 after buying an additional 200 shares during the period. Redmond Asset Management LLC boosted its position in WisdomTree Investments by 0.6% in the fourth quarter. Redmond Asset Management LLC now owns 35,029 shares of the asset manager’s stock worth $390,000 after buying an additional 200 shares during the period. Finally, Bank of Montreal Can boosted its position in WisdomTree Investments by 0.7% in the second quarter. Bank of Montreal Can now owns 50,078 shares of the asset manager’s stock worth $508,000 after buying an additional 356 shares during the period.

WisdomTree Investments Company Profile

WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (ETFs). The Company’s family of ETFs includes funds that track its own indexes, funds that track third party indexes and actively managed funds. It operates as an exchange traded products sponsor and asset manager providing investment advisory services in the United States, Europe, Canada and Japan.

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Analyst Recommendations for WisdomTree Investments (NASDAQ:WETF)

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