WisdomTree Investments, Inc. (WETF) Rating Lowered to Strong Sell at BidaskClub
WisdomTree Investments, Inc. (NASDAQ:WETF) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Saturday.
Other analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of WisdomTree Investments from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Tuesday, July 4th. Jefferies Group LLC reiterated a “buy” rating and set a $14.00 price target on shares of WisdomTree Investments in a research note on Wednesday, June 28th. Citigroup Inc. upgraded shares of WisdomTree Investments from a “neutral” rating to a “buy” rating and set a $10.50 price target for the company in a research note on Monday, May 15th. Gabelli reiterated a “buy” rating on shares of WisdomTree Investments in a research note on Monday, July 31st. Finally, ValuEngine upgraded shares of WisdomTree Investments from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Five research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $10.11.
WisdomTree Investments (NASDAQ:WETF) traded up 0.34% on Friday, reaching $8.91. 1,204,379 shares of the company were exchanged. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 40.50 and a beta of 3.09. WisdomTree Investments has a 52 week low of $7.87 and a 52 week high of $13.32. The stock has a 50-day moving average price of $10.10 and a 200 day moving average price of $9.39.
WisdomTree Investments (NASDAQ:WETF) last posted its earnings results on Friday, July 28th. The asset manager reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.02. The firm had revenue of $63.40 million for the quarter, compared to the consensus estimate of $57.27 million. WisdomTree Investments had a net margin of 13.33% and a return on equity of 15.41%. The company’s revenue was up 13.2% on a year-over-year basis. During the same period last year, the firm posted $0.07 EPS. Analysts forecast that WisdomTree Investments will post $0.24 earnings per share for the current year.
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In other news, Director Bruce I. Lavine sold 19,849 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $9.95, for a total value of $197,497.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 16.10% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in WETF. Beacon Capital Management purchased a new stake in WisdomTree Investments during the fourth quarter valued at approximately $0. Penserra Capital Management LLC purchased a new stake in WisdomTree Investments during the second quarter valued at approximately $107,000. MSI Financial Services Inc boosted its stake in WisdomTree Investments by 36.4% in the third quarter. MSI Financial Services Inc now owns 10,959 shares of the asset manager’s stock valued at $113,000 after buying an additional 2,925 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in WisdomTree Investments during the third quarter valued at approximately $113,000. Finally, Shelton Capital Management purchased a new stake in WisdomTree Investments during the second quarter valued at approximately $116,000. Institutional investors own 95.28% of the company’s stock.
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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