WisdomTree Investments, Inc. (NASDAQ:WETF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “INDIVIDUAL INVESTOR GROUP INC. is an information services company that publishes and markets Individual Investor magazine and Individual Investor’s Special Situations Report. In addition, the Company, through wholly owned subsidiaries, is the investment manager of private investment funds. “

A number of other analysts have also recently weighed in on the company. BidaskClub upgraded WisdomTree Investments from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Citigroup Inc. upgraded WisdomTree Investments from a “neutral” rating to a “buy” rating and set a $10.50 price target on the stock in a research report on Monday, May 15th. ValuEngine cut WisdomTree Investments from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Jefferies Group LLC reiterated a “buy” rating and issued a $14.00 price target on shares of WisdomTree Investments in a research report on Wednesday, June 28th. Finally, Keefe, Bruyette & Woods reiterated a “sell” rating and issued a $8.00 price target on shares of WisdomTree Investments in a research report on Monday, April 10th. Five analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $9.94.

WisdomTree Investments (NASDAQ WETF) traded up 0.09% during mid-day trading on Wednesday, hitting $10.64. 1,193,017 shares of the stock were exchanged. The company has a market cap of $1.43 billion, a P/E ratio of 70.93 and a beta of 3.10. The company has a 50-day moving average price of $10.13 and a 200-day moving average price of $9.51. WisdomTree Investments has a one year low of $7.87 and a one year high of $13.32.

WisdomTree Investments (NASDAQ:WETF) last released its quarterly earnings data on Friday, April 28th. The asset manager reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $54.60 million for the quarter, compared to analysts’ expectations of $53.38 million. WisdomTree Investments had a return on equity of 11.15% and a net margin of 9.83%. WisdomTree Investments’s quarterly revenue was down 10.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.09 earnings per share. On average, analysts predict that WisdomTree Investments will post $0.25 earnings per share for the current fiscal year.

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Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of WisdomTree Investments by 25,214.1% in the first quarter. BlackRock Inc. now owns 13,399,791 shares of the asset manager’s stock valued at $121,669,000 after buying an additional 13,346,857 shares during the period. Clarity Capital KCPS Ltd. bought a new position in WisdomTree Investments during the first quarter valued at $530,215,000. Vanguard Group Inc. raised its position in WisdomTree Investments by 15.5% in the first quarter. Vanguard Group Inc. now owns 10,381,851 shares of the asset manager’s stock valued at $94,267,000 after buying an additional 1,392,507 shares during the last quarter. TimesSquare Capital Management LLC raised its position in WisdomTree Investments by 67.9% in the first quarter. TimesSquare Capital Management LLC now owns 7,383,500 shares of the asset manager’s stock valued at $67,042,000 after buying an additional 2,987,215 shares during the last quarter. Finally, Morgan Stanley raised its position in WisdomTree Investments by 6.7% in the first quarter. Morgan Stanley now owns 6,928,870 shares of the asset manager’s stock valued at $62,914,000 after buying an additional 432,552 shares during the last quarter. 95.28% of the stock is currently owned by institutional investors and hedge funds.

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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