WisdomTree Investments, Inc. (NASDAQ:WETF)‘s stock had its “buy” rating reaffirmed by equities research analysts at Jefferies Group LLC in a note issued to investors on Thursday. They presently have a $14.00 price objective on the asset manager’s stock. Jefferies Group LLC’s target price suggests a potential upside of 58.73% from the company’s previous close.

Several other equities analysts have also issued reports on the company. BidaskClub lowered WisdomTree Investments from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. Keefe, Bruyette & Woods reiterated an “underperform” rating on shares of WisdomTree Investments in a research note on Thursday, August 10th. Gabelli reiterated a “buy” rating on shares of WisdomTree Investments in a research note on Monday, July 31st. ValuEngine upgraded WisdomTree Investments from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, UBS AG reiterated a “sell” rating and issued a $8.00 price target (up previously from $7.50) on shares of WisdomTree Investments in a research note on Monday, July 31st. Five analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. WisdomTree Investments currently has an average rating of “Hold” and an average price target of $10.11.

Shares of WisdomTree Investments (NASDAQ WETF) traded up 0.68% during mid-day trading on Thursday, reaching $8.82. The company’s stock had a trading volume of 995,260 shares. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 40.09 and a beta of 3.14. The firm has a 50 day moving average price of $9.62 and a 200 day moving average price of $9.39. WisdomTree Investments has a 52-week low of $7.87 and a 52-week high of $13.32.

WisdomTree Investments (NASDAQ:WETF) last issued its quarterly earnings results on Friday, July 28th. The asset manager reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.02. WisdomTree Investments had a return on equity of 15.41% and a net margin of 13.33%. The company had revenue of $63.40 million for the quarter, compared to analyst estimates of $57.27 million. During the same quarter last year, the company posted $0.07 EPS. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. On average, equities analysts predict that WisdomTree Investments will post $0.24 EPS for the current fiscal year.

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In related news, Director Bruce I. Lavine sold 10,289 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $10.10, for a total transaction of $103,918.90. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 16.10% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in WisdomTree Investments by 25,214.1% during the 1st quarter. BlackRock Inc. now owns 13,399,791 shares of the asset manager’s stock worth $121,669,000 after buying an additional 13,346,857 shares during the period. Clarity Capital KCPS Ltd. acquired a new position in WisdomTree Investments during the 1st quarter worth about $530,215,000. Janus Henderson Group PLC acquired a new position in WisdomTree Investments during the 2nd quarter worth about $46,241,000. Capital World Investors lifted its holdings in WisdomTree Investments by 123.0% during the 2nd quarter. Capital World Investors now owns 6,800,000 shares of the asset manager’s stock worth $69,156,000 after buying an additional 3,750,000 shares during the period. Finally, TimesSquare Capital Management LLC lifted its holdings in WisdomTree Investments by 67.9% during the 1st quarter. TimesSquare Capital Management LLC now owns 7,383,500 shares of the asset manager’s stock worth $67,042,000 after buying an additional 2,987,215 shares during the period. Institutional investors and hedge funds own 92.71% of the company’s stock.

About WisdomTree Investments

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.

Analyst Recommendations for WisdomTree Investments (NASDAQ:WETF)

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