WisdomTree Investments’ (WETF) “Sell” Rating Reaffirmed at Keefe, Bruyette & Woods
WisdomTree Investments, Inc. (NASDAQ:WETF)‘s stock had its “sell” rating restated by analysts at Keefe, Bruyette & Woods in a report released on Thursday. They presently have a $9.25 price objective on the asset manager’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 2.66% from the stock’s current price.
WETF has been the subject of several other reports. Zacks Investment Research downgraded WisdomTree Investments from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. Jefferies Group LLC restated a “buy” rating and set a $14.00 price objective on shares of WisdomTree Investments in a research report on Thursday, September 7th. BidaskClub downgraded WisdomTree Investments from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. ValuEngine downgraded WisdomTree Investments from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Finally, UBS AG restated a “sell” rating and set a $8.00 price objective (up from $7.50) on shares of WisdomTree Investments in a research report on Monday, July 31st. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. WisdomTree Investments presently has a consensus rating of “Hold” and a consensus target price of $10.25.
Shares of WisdomTree Investments (NASDAQ:WETF) opened at 9.01 on Thursday. The company has a 50-day moving average price of $9.25 and a 200-day moving average price of $9.38. WisdomTree Investments has a 12 month low of $7.87 and a 12 month high of $13.32. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 40.95 and a beta of 3.14.
WisdomTree Investments (NASDAQ:WETF) last announced its quarterly earnings data on Friday, July 28th. The asset manager reported $0.09 earnings per share for the quarter, topping the 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 business had revenue of $63.40 million during the quarter, compared to the consensus estimate of $57.27 million. During the same period in the prior year, the company earned $0.07 EPS. WisdomTree Investments’s revenue for the quarter was up 13.2% on a year-over-year basis. Equities analysts forecast that WisdomTree Investments will post $0.26 EPS for the current fiscal year.
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In other news, Director Bruce I. Lavine sold 10,289 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $10.10, for a total value of $103,918.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.10% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the company. Penserra Capital Management LLC acquired a new stake in shares of WisdomTree Investments in the second quarter valued at about $107,000. Shelton Capital Management acquired a new stake in shares of WisdomTree Investments in the second quarter valued at about $116,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of WisdomTree Investments in the second quarter valued at about $133,000. Capstone Asset Management Co. acquired a new stake in shares of WisdomTree Investments in the first quarter valued at about $120,000. Finally, Aperio Group LLC increased its stake in shares of WisdomTree Investments by 31.7% in the second quarter. Aperio Group LLC now owns 13,353 shares of the asset manager’s stock valued at $136,000 after buying an additional 3,212 shares during the period. 92.49% of the stock is owned by institutional investors.
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.
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